Girls Just Wanna Work for Themselves

Written by BrooklynFaulkner Published in

There’s an interesting phenomenon happening among working women.

Women of all backgrounds and ages are tired of showing up to work and being a “cog in the machine.” They’re tired of being overlooked by their fellow colleagues or being ignored in meetings. They’re tired of “leaning in” when no one will lean out to listen to them.

So what are these working women doing to solve the problem? Apparently, they’re turning into CEOs of their own companies.

Women all over the United States are starting their own small businesses. Many of them have had side hustles for years and have been able to make it their primary form of income. Other women are simply tired of the office life and are pursuing their true passion. Either way, it’s resulting in a huge influx of new small businesses and startups that are owned and operated by women: 9.4 million as of 2015 according to the National Association of Women Business Owners (NAWBO).

What is fueling the fire and pushing these women to greatness? How did this trend become so popular, and how can you take the entrepreneurial plunge?

Let’s dig in and find out:

What’s Fueling the Fire?

Although women owned businesses have been growing steadily over the past eight years according to NAWBO, there is a definite shift happening generation-wise as well. Millennial women, in particular, are wanting to seek out new opportunities by running their own business.

One recent study from June, 2017, decided to break down some of the reasoning behind this shift, and found some interesting results. Create and Cultivate, with the assistance of BuzzMG, interviewed over 400 millennial women to try to discern their motivations. Many of them were aspiring CEOs, with 83 percent responding they wanted to run their own business and 55 percent saying they already had a side hustle in the works.

Most respondents also stated that their family was their number one priority. But family wasn’t the only thing influencing their desire to work for themselves. Education and flexibility were also major draws.

Education

There are some dramatic changes happening to the American workforce. The office is no longer full of men in business suits, all looking vaguely homogenous. Now, the workforce is more diverse than ever — which is an extremely good thing. Diversity adds to innovation and creativity, and helps expand the horizon of possibilities for creative thinkers.

But what is the main reason behind this rise in diversity?

Higher education has become more accessible for women and other diverse groups; over 39 percent of working women had degrees in 2013, compared to 11 percent in 1970. Not only this, but online education in particular allows many working moms the opportunity to expand their knowledge and seek out degrees while still caring for their family. The freedom and flexibility to pursue a degree at their own pace is allowing them to advance their careers and potentially start their own businesses.

Education is a powerful tool, and now that more women are earning college degrees, more women have the tools to become CEOs of their own company. But education is just another tool to help them achieve their dreams. Their motivation also stems from the conditions of their work place.

Flexibility and Burnout

Our current workforce is dealing with a massive disengagement crisis. Much of this is due to the rigorous pressure of our jobs and the lack of flexibility it gives us to really focus on our strengths. When employees are hired to utilize their strengths, they are far more likely to feel relaxed and at-ease while working. When strengths are ignored, those employees will feel more frustrated, unwanted, and stressed, eventually leading to total disengagement and burnout.

But when women are given the space and opportunity to run their own business and really flourish with their strengths, then they can truly succeed. It’s no wonder that so many women want to leave their jobs and start their own business. It promises freedom to better themselves and the autonomy to focus on what they want: something that is extremely difficult for them to get at their current job working while trying to meet someone else’s expectations.

But flexibility to do what you want isn’t the only thing that entrepreneurship promises. It also promises the freedom to focus more on your family, and choose hours that work with your busy schedule. It’s no wonder that millennial women — the generation that is just now beginning to build families — are so eager to quit their jobs.

How Do You Get There …

The Create and Cultivate study also revealed some of the more common roadblocks that women are facing before they can start their own company. For many, money was the most common factor, as they stated they needed about $10,000 to either grow or launch their dream business. However, only a fraction of the respondents were able to save up $200 or more each month.

Are you planning on taking the entrepreneurship plunge? Start your planning now and begin understanding what you need to do to make your dream a reality. Do you know how to create a business plan? Get a business ID? How to do quarterly taxes?

The logistics of how to run a business can be tricky, but it’s not impossible. Plenty of resources and guides exist to help you understand the ins and outs of being a CEO. There’s no reason to let your dream simply be a dream.

You have the tools, the knowledge, and the drive to get there. So, go out there and become your very own CEO!

Information

Get To Know Us

Keep in Touch

Friend us on Facebook  Follow us on Twitter  Subscribe to our feed 

Get the Newsletter