Women in Business

October is “Small Business Month” here in BC, and there are many events supporting entrepreneurship in communities all over the province.

Small businesses employ 1m+ people in our province, and according to the Women’s Enterprise Centre, BC has almost 360,000 small businesses, and women own or operate 35% (or 1/3) of them!

Did you know that BC has the highest rate of small business ownership in Canada, check out these interesting 2009 stats from the WEC website…

  • There are more than 821,000 women entrepreneurs in Canada
  • Women in Canada make up a larger share of the self-employed than in any other country
  • Women entrepreneurs hold ownership in about 45% of Canadian small and medium enterprises
  • The likelihood of self-employment with women increases with age and most women are aged 35 to 54
  • 1/2 of self-employed women work at home

According to a 2006 study by Karen Hughes, “Exploring Motivation and Success Among Canadian Women Entrepreneurs”, motivation for self-employment can be divided into three groups:

  • Classic Entrepreneurs are women who desire greater independence, challenge, self-fulfillment, control, and improved financial opportunity.
  • Work-Family Entrepreneurs are women who seek control over their work-family balance, flexible hours, and often, the ability to work from home.
  • Forced Entrepreneurs are women who open businesses because of an involuntary layoff, and lack of opportunities.

So if you are a woman thinking of starting your own business and are looking for some inspiration to guide you, check out the stories at http://www.womensenterprise.ca/stories/inspiration.

The Women’s Enterprise Centre can also be found on facebook and is an excellent resource for BC women looking to become entrepreneurs!

“A year from now you will wish you had started today.”  (Karen Lamb)

~ Angela, Receptionist


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