SUMMARY
Companies with more women in leadership tend to perform better financially, with a 21% higher chance of achieving above-average profitability
Fortune 500 companies with more women on their boards experienced significantly stronger financial performance
Here are key principles that successful women entrepreneurs follow
In today’s fast-paced business world, women are not just making progress; they are leading the way in entrepreneurial ventures worldwide. This isn’t just about breaking barriers; it’s about changing how we view leadership and creating a more inclusive, forward-thinking future.
As we delve into women’s journeys in leadership roles, we see a story that transcends borders and shows how entrepreneurial efforts can bring about transformative change.
Recent data shows a growing number of women taking on leadership roles in entrepreneurship, which is great news for businesses. A report from McKinsey & Company highlights that companies with more women in leadership tend to perform better financially, with a 21% higher chance of achieving above-average profitability. This underlines the importance of diversity, and the valuable contributions women leaders bring to business success.
Another study by Catalyst focused on Fortune 500 companies and found that those with more women on their boards experienced significantly stronger financial performance.
They observed a 66% higher return on invested capital and a 53% higher return on equity, showcasing the tangible impact of women’s leadership on business outcomes and shareholder value. These insights underscore the role women leaders play in driving business success.
Here are key principles that successful women entrepreneurs follow:
Be Purpose-Driven: Having a clear purpose is crucial. For over 50 years now, our organisation has been driven by a purpose to help build and protect megastructures and Earth’s resources by leveraging data, ideas, knowledge, and innovations. This purpose not only inspires us but also pushes us to explore new avenues and continuously find ways to make the world safer.
Align Ambition With Actions: It’s not enough to have big ambitions; you need to take actionable steps to achieve them. Setting tangible goals and regularly reviewing and refining strategies ensures progress towards the vision. This approach keeps everyone focused and motivated.
Invest In Clarity: Clear communication and guidance are essential for a motivated and productive team. As a leader, providing clarity on expectations and goals ensures everyone is on the same page and working towards a common objective. This clarity fosters a sense of purpose and drives collective success.
Invest In Yourself: Continuous learning and self-improvement is the key. Investing in programs and learning events which provides valuable insights, skills, and networking opportunities. Personal growth translates into better decision-making and resilience as an entrepreneur.
Connect And Collaborate: Collaboration is a powerful driver of success. Creating opportunities for people to connect and collaborate, both within and outside the organisation, fosters innovation and growth. Networking Platforms provides a rich resource for networking, sharing experiences, and accessing diverse expertise, enhancing problem-solving and driving sustainable practices.
In Conclusion
Empowering women in business is not just about one person’s success: it’s about making our business world more diverse, creative, and successful for everyone.
When women entrepreneurs lead with a clear purpose, match their ambitions with actions, communicate clearly, keep learning, and collaborate with others, they not only overcome obstacles but also set a path for a brighter future for all of us.
Research has shown that teams with a mix of genders are better at coming up with new ideas and solving problems. This diversity of perspectives makes businesses more competitive and adaptable in today’s global market.
Women leaders also bring unique strengths like empathy, resilience, and a knack for working together. These qualities not only help them overcome challenges but also create positive work environments that foster creativity and productivity among team members.
In summary, empowering women in business isn’t just about fairness; it’s about making smart choices that benefit everyone. By valuing and tapping into the special skills and viewpoints of women leaders, we can build stronger, more innovative, and fairer business ecosystems for the future.
