It wasn’t until 1988 that Congress passed the Women’s Business Ownership Act, which eliminated laws that required a “male relative” to be a co-signer on business and loan documents. A male co-signer can be anyone from a husband to a cousin. This prevented women from starting their own businesses. 1988 is not so long ago. Peeling back layers takes time. The number of women-owned businesses increased from 4.1 million to 12.3 million in the 1930s, with women owning four out of ten businesses in the United States. Statistics tell only part of the story. . Many are women-owned small businesses and there are still many internal and external barriers that women face.
A business veteran, Kim Gold co-founded True Religion Jeans in 2002 and launched her latest business style line, Union Home, in 2020. She has been in the business for thirty years and has seen great change. “Wow, women in business have come a long way in the time I’ve been in the business world. In the early part of my career, I faced all kinds of discrimination. True Religion was the owner, designer, and As a big hoarder, I was unappreciated and undervalued. My ideas were constantly dismissed or vetoed by the white male board of directors. Even worse was how many times men would make comments like, “Does he It’s unimaginable that it even happened. Since then, the board members have apologized, which shows an evolution and that we’ve come a long way. I’ve also made progress. I no longer feel the need to have my voice heard and my current company is full of diverse people.
Michelle Cordero-Grant, founder and CEO of LIVELY and GORGIE, adds, “In the early 2000s, there weren’t many ‘seats’ for women, so I think it made women feel more competitive and cutthroat.” . It felt like survival of the fittest as opposed to supporting each other and raising the whole group. It has since diminished because there is a greater sense that the more we raise each other the more we We all grow.
The old paradigm was to lead mainly through men. In the past, women felt that they had to cut off their femininity in order to fit into a male-dominated system. Times have changed and in today’s reality, this type of leadership is not very effective. Society has evolved beyond strict adherence to whatever gender role we are born into. We are now moving into a balanced dynamic that combines masculine and feminine qualities (not gender) in each individual. Having the ability to access both features creates versatility and greater adaptability. For more insights on feminine and masculine characteristics, visit Feminine and Masculine Work Dynamics.
There have been real efforts to empower women in entrepreneurship and women are still trapped in social structures that have historically been disproportionately designed for men. It will take joint efforts between men and women to redesign social structures to meet the needs of both sexes. As we transform passion into equity, awareness of our past involvement and patience for the future we want to create is required. An equitable future still lies ahead. It will take both women and men to make this auspicious future. Equality recognizes that different people offer different experiences, needs, and gifts. We need to stop trying to be like each other and start embracing equality by celebrating our differences. Every step we take to acknowledge and respect people’s efforts based on merit rather than prejudice is essential. We all have to maintain a balance in the tension of the needle.