Submitted by GoDaddy
Women entrepreneurs are breaking down barriers and succeeding in business, all while boosting their local economies and paving the way for others to do the same. According to GoDaddy’s Venture Forward research initiative, there has been a 26% shift in the share of startups toward women compared to men. Women founded 59.6% of businesses started since the pandemic compared to 47.3% of businesses started before 2020.
Black women are the fastest growing segment of entrepreneurship. Venture Forward research reveals that the share of Black women starting businesses surged more than 100%, jumping from 10.7% of all businesses started before 2020 to 21.5% of all businesses founded since the pandemic.
While women’s entrepreneurship is on the rise overall, those who were surveyed noted that marketing and getting online effectively were among the top challenges faced when starting a business. This is one of the reasons, in 2017, GoDaddy created Empower by GoDaddy, the company’s global social impact program equipping entrepreneurs from underserved communities with training, tools and peer networks to accelerate their journeys. Together with nonprofit and community partners, Empower by GoDaddy focuses on supporting the unique needs of entrepreneurs with customized neighborhood-based programs, mentorship and digital skilling.
GoDaddy asked six program graduates – and powerhouse women entrepreneurs – to share their best advice for the next generation of entrepreneurs and some of the most rewarding parts of being an entrepreneur. Here’s what they had to say:
Year-round, GoDaddy is proud to support its more than 21 million customers globally as part of its mission to make opportunity more inclusive for all. Learn more about how GoDaddy empowers entrepreneurs everywhere: https://www.godaddy.com/godaddy-for-good/empower
GoDaddy is empowering everyday entrepreneurs around the world by providing all of the help and tools to succeed online. GoDaddy is the place people come to name their idea, build a professional website, attract customers, sell their products and services, and manage their work. Our mission is to give our customers the tools, insights and the people to transform their ideas and personal initiative into success. To learn more about the company, visit www.GoDaddy.com.
GoDaddy focuses on making opportunity more inclusive for all in the communities where we work, live and play across the globe. We rally behind inclusive entrepreneurship and other critical local needs that empower people to succeed through philanthropic and in-kind donations, volunteerism, strategic partnerships and advocacy.
Empower by GoDaddy is GoDaddy's global community and philanthropic program equipping entrepreneurs in underserved communities with training, tools and peer networks to accelerate their journeys. GoDaddy rallies behind entrepreneurs in underserved communities by building their confidence and skills to strengthen their small business’ digital presence. Entrepreneurs engage in customized learning experiences, work 1-1 with GoDaddy volunteer coaches and local mentors, and gain access to wrap-around services, in-kind products and networks boosting their small businesses success.
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