2014 Will be Breakout Year for Female Entrepreneurs
For a little January inspiration, let’s take a look at Forbes’ Most Powerful Female Entrepreneurs List released last year. Although I’m a bit disappointed that not a single African woman made the list, I’m still happy that women worldwide are shaking things up in this male dominated world. According to Forbes, 2014 will be a breakout year for women entrepreneurs (and they list 11 reasons why). The number of $10-million-plus women-owned firms increased by 57% — a growth rate nearly 50% more than $10-million-plus firms overall.
On the list was Sara Blakely, (pictured above), the founder of SPANX. At 29 Blakely invested her entire life savings, $5,000, trying to come up with something flattering to wear under her white slacks. Six months later the one-time Disney World ride greeter and door-to-door fax machine salesperson found her new line of shaping underwear named one of Oprah Winfrey’s Favorite Things. Since then Blakely has taken Spanx from a one-product wonder sold out of her Atlanta apartment to a powerhouse with $250 million in annual revenues and net profit margins estimated at 20%. (more…)
AMARIE ADHIS 