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From monthly archives: September 2024

We are pleased to present below all posts archived in 'September 2024'. If you still can't find what you are looking for, try using the search box.

Nonprofit Sustainability Through Revenue Diversification

Nonprofits often time face ongoing challenges with funding,  In 2023 a report from NonProfit PRO stated, that 76% of nonprofits reported significant funding challenges due to economic downturns and the erosion of donor bases. The problem is exacerbated by the nonprofit sector’s heavy reliance on large donors—contributions from major donors, who account for nearly 75% of total dollars donated, declined by 10% in the first quarter of 2023​ (Association of Fundraising Professionals)

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The Vital Role of Women-Owned Businesses in Local Economies

Female entrepreneurs are crucial to local economies, contributing significantly through job creation and innovative businesses. In the U.S., women-owned businesses account for 42% of all firms, employing 9.4 million people and generating $1.9 trillion in revenue annually, according to the American Express State of Women-Owned Businesses Report (2019).

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Financial Planning Tips for Widows Transitioning to Solo Entrepreneurship

Transitioning to solo entrepreneurship is a significant challenge for anyone, but for widows, this journey comes with unique financial considerations. According to a study by Bowling Green State University, approximately 29.5% of women aged 65 and older were widowed as of 2022.

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What Small Business Owners Need to Know About Leadership Development

The debate over whether good leaders are born or made has long intrigued scholars, professionals, and entrepreneurs. Some argue that leadership traits like charisma, decisiveness, and confidence are innate, while others believe that leadership can be cultivated over time through experience and training. For small business owners, this question holds particular relevance as they juggle various roles, including that of a leader.

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Arizona Shines as a National Leader in Women-Owned Businesses

Arizona has emerged as a national leader in women-owned businesses, boasting an impressive 43.1% share of total businesses, surpassing the national average of 42.1%, according to a report from AZ Big Media. This trend underscores the growing role of women in driving Arizona’s economy and highlights the state as a hotspot for female entrepreneurship.

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Empowering Diverse Executives and Closing the Gender Gap

The need for such programs becomes apparent when examining leadership trends. While the number of women in leadership roles has grown over time, there is still room for improvement. According to a 2023 Catalyst report, women hold 28% of senior management roles globally, and as of 2022, only 8.1% of Fortune 500 CEOs were women. The leadership gap can be attributed to a variety of factors, such as limited access to mentorship, fewer high-profile opportunities, and lingering societal biases.

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