Exceptional Magazine : 2011 Exceptional Magazine
Bigger or better? How women are growing their businesses Bigger or better? How women are growing their businesses 31 According to a recent Ernst & Young report, a greater number of female role models, better access to funding and more support are helping women build successful businesses.2 However, women-owned businesses still tend to lag behind those owned by men in terms of growth and international reach. This article explores some of the reasons w hy, and highlights a new Ernst & Young program that is celebrating and supporting successful female entrepreneurs. More women blaze the way There has been a signifcant increase in the number of successful female entrepreneurs in recent years, many of whom have participated in Ernst & Young's Entrepreneur of the Ye a r program, including Karen Cariss (PageUp People), Carolyn Creswell (Carman's Fine Foods) and Tra c y Thomson (Finite IT Recruitment Solutions). Uschi Schreiber, Ernst & Young's Deputy CEO, recognises the importance of female role models. "Successful female role models and mentors are critical for women with businesses in the start-up and growth phases," she says. "Seeing and learning from women that have overcome the barriers and got to the top helps female entrepreneurs navigate their specifc challenges.” Kristina Karlsson, founder of fashion stationery retailer kikki.K and 2010 Southern Region Entrepreneur of the Year National fnalist, agrees. “Having a mentor has been part of my learning and, I suppose, my success," she says of her long-term mentor, Gillian Franklin, Managing Director of Heat Group. 1. Employment Type by Age by Sex --- Australia, 2006 Census Data, Australian Bureau of Statistics, 2007 2. Scaling up: Why women-owned businesses can recharge the global economy, Ernst & Young 2009 With women-owned businesses accounting for a third of all Australian owner-operated companies,1 more and more women are choosing to abandon the safety of paid employment to go it alone.
2012 Exceptional Magazine