Women On The Path To Newfound Wealth

New businesses are establishing footholds across the world. Whose behind the majority of them? Women.

In the United States, women will represent half of all new small businesses by 2009. In Canada, women entrepreneurs are opening four out of every five new businesses. And in Britain, it’s estimated that by 2020 more than half of the country’s millionaires will be women. This unprecedented surge by women globally will no doubt change the business landscape forever, and also have a major impact the essence of wealth.

Women are the next great wealth producers in the U.S. and abroad. The corporate world has trained and given them the tools they need, but they’ve also been held back by a glass ceiling that still exists in many cases. That’s why corporations lose so much female talent, and many women are starting their own businesses and creating their own wealth.

My book, “How Come That Idiot’s Rich and I’m Not,” speaks to the new women entrepreneurs, covering dozens of aspects regarding wealth, including how to change outdated perspectives toward money and how to tap into the many sources that bring more value to net worth.

It also addresses a topic that women typically embrace – the laws of spiritual wealth. Most wealthy women place a strong emphasis on charity, and I write eloquently about how material success gives people the ability to do the things that really make a difference.

In Britain, an April report published by the leading financial magazine, The Economist, reported that in the UK, the “historical sources of women’s wealth – marriage, inheritance and divorce – have now been replaced by independent income, business ownerships and investments.”

In the U.S., inherited wealth remains the No. 1 source of income for women worth more than $1 million, but the rapidly growing rate of women-owned firms, which stands at roughly 10.4 million, will likely change that in the near-future. According to The Center for Women’s Business Research, between 1997 and 2004, the estimated growth rate in the number of women-owned firms was nearly twice that of all firms.

Women-owned business are contributing hundreds of billions toward the economy and will continue to multiply.