8 predictions for the state of women entrepreneurship this year

[Photo: Hero Images/Getty Images] By Lindsay Tigar | Fast Company Who runs the world? Well, still, by and large, men. But gradually and strategically—women, if you pay attention to statistics. Over the past two decades, the number of women-owned businesses has grown 114%, compared to the 44% national growth rate for all new companies. As more […]

[Photo: Hero Images/Getty Images]

By Lindsay Tigar | Fast Company

Who runs the world? Well, still, by and large, men. But gradually and strategically—women, if you pay attention to statistics. Over the past two decades, the number of women-owned businesses has grown 114%, compared to the 44% national growth rate for all new companies. As more women venture into entrepreneurship, they will tackle the laundry list of gaps women are continuing to change.

The past year was pivotal in bringing important issues to light. From #MeToo to #TimesUp and the unprecedented number of women running for public office, it was a revolutionary year that touched every industry and group, says corporate futurist for Ford Motor Company, Sheryl Connelly. The shift in dynamics and speech isn’t just happening stateside, but globally. Connelly points out that women internationally are standing together to assert greater control of their rights, their safety, their health, and their success too. “Women aren’t finding opportunities in traditional corporate paths that meet their needs and, as such, are pioneering their own path to find new avenues to flex their skills,” she adds.

And hey, we’re just getting started. Here, female leaders predict entrepreneurism trends for 2019.

1. MORE WOMEN WILL DEVELOP SIDE HUSTLES

By definition, entrepreneurism takes on many forms: From five-person startups to 200-strong enterprises and one-woman shows, becoming your own boss doesn’t follow a check-sheet of requirements. Connelly shares even if women aren’t prepared to hire another person in their big idea, women are more likely to develop a side hustle than men in the next year. According to a Harris Poll, 75% of women reported seeking a side hustle for additional income (compared to 58% of men) and 28% of millennial women are already in the throes of juggling. And a juggle it is, since Connelly shares women spend more time with one half of their attention in a traditional corporate job and another half in their gig life, in large because they aren’t funded or embraced at the same rate as men. The more they—ahem—hustle though, the better those numbers will change in their favor in years to come.

Read the full story at Fast Company.