Women’s History Month is a reminder to all of us to reflect on how we can encourage women to speak up, be heard, and support each other. According to Trish Cotter, Entrepreneur-in-Residence at MIT and an entrepreneurship lecturer at MIT Sloan, entrepreneurship can be a path to channeling that that energy and creating positive outcomes. In a recent blog post for BostInno, Cotter writes, “The time is now to step up and speak out. The time is now to take control of your own destiny. Stop saying ‘I’m sorry’ and start saying ‘I’m ready to make a difference.’”
In her role as Director of MIT’s educational accelerator program, delta v, Cotter witnesses the sense of pride and accomplishment that both men and women entrepreneurs experience when they can make decisions that have an impact and shape their own future. Entrepreneurship is an opportunity to turn the tables and have control, possibly helping others in the process.
Female entrepreneurship is on the rise
An infographic from Entrepreneur on female entrepreneurship shows that women are founding companies at historic rates with more than 9 million women-owned businesses in the U.S. today. According to Entrepreneur, these businesses will provide more than 5 million jobs this year. Perhaps most interestingly, the magazine also reports that businesses with a woman on the executive team are also more likely to have significantly higher valuations (64% higher) at Series A.
Hopefully, we can intuit from the above that women are changing the balance of power.
“Where women were once dismissed, that there are signs that voices should be heard,” writes Cotter, “from women on boards to women funding enterprises. There is positive momentum, and you can make a difference.”