HerCorner Helps Female Entrepreneurs Grow Their Businesses
Taking data from the last American Express OPEN report, between 1997 and 2014, while the number of businesses in the United States increased by 47%, the number of women-owned firms increased by 68% – a rate 1-1/2 times the national average. There are currently more than 9.4 million women-owned businesses generating $1.4 trillion in annual revenue and employing more than 7 million people.
Even though this is mostly good news, statistics show that most of those businesses tend to stagnate at the $100k per year mark, with only less than 20% of those businesses going over that revenue threshold. Those are still very good numbers, but there is a clear potential for more growth.
A recent survey of women business owners has highlighted some causes for such lack of growth, with common answers referring the lack of role models and networking opportunities coupled with difficulties to access financing to expand the business.
HerCorner is, in their own words, “a community of women entrepreneurs where members collaborate, network, and leverage one another’s expertise” to grow their businesses. It was founded in 2011 in Washington, D.C., one of the fastest-growing markets for women-owned businesses in the U.S.
HerCorner makes collaboration easy, creating opportunities for women to network and collaborate. It regularly organizes local peer groups run by facilitators and organization-wide events where women can share experiences, knowledge and advice. All this is supported by a growing online community where users focus on helping each other and knowledge is shared in a natural way.
In addition to this, and for those moments where the motivation might be lower, HerCorner also offers a wide list of success stories, showing that the goals can be achieved. For this, HerCorner organizes a Speaker Series where it brings external speakers for Q&A sessions and it highlights profiles of members who successfully built their own companies.
Finally, HerCorner also organizes an intensive, hands-on peer group program to target the operational, marketing and financial issues of getting a business to the next stage and overcoming any difficulties.
In the end, it will not tell you how to grow your business, but it will allow you to connect with other fellow women business owners who can tell you how they have grown their business and reached their potential.
And it’s not us that validate it, it’s their members. In their annual survey, 73% of members have reported growth in their businesses due to the network!
Want to take part in HerCorner?
They offer several membership options designed to meet your specific needs and to make sure that your business reaches it maximum potential:
- Join their Community for free and be part of a unique entrepreneurial conversation and be invited for in-person and online events where you can learn how to add value to your business.
- Join the Community Plus and in addition to being part of HerCorner, get access to FlashGroups, virtual 2h strategy sessions caped at 6 women and led by a specialist in a select industry, that will help you to unlock the full potential of your business
- Join instead their Community Plus with Events and in addition, be invited to private networking events in DC, MD, and VA.
- Finally, select their Groups options if you want to join a small group of peers created exclusively for sharing strategies for long term growth and short term management. These Groups are led by a HerCorner expert and are tailored to the specific needs of small business owners. This membership includes access to several in-person events as well as to the Speakers Series mentioned above.
Whatever is your sector, and whatever is the stage of development of your business, HerCorner can help you. The only catch? It is women’s only!
So, why don’t you check 5 Things Every Women Business Owner Must Know put together by HerCorner?