Apply for Woman Entrepreneur of the Year

Ladies get ready! Entrepreneur.com is hosting their fourth annual " Woman of the Year" contest. The qualifications are:

• Be a woman business owner
• Be a founder of the business
• Own at least 51% of the business
• Be actively involved in day-to-day operations
• Have been in business for at least one full year
• Have 2006 sales of at least $1 million, and
• Have less than 100 employees

To apply you must go to www.entrepreneur.com/womanoftheyear, visit the site to review contest rules and apply before the September 15 deadline.

More Women in Poorer Nations Becoming Entrepreneurs

According to a new survey, women who live in low-mid income nations are found to be more than twice as likely to be entrepreneurs or involved in the early stages of business start-ups. The study conducted by Babson College and the London Business School found that 22.5 percent of all entrepreneurs in the Philippines are headed by women who are/were heavily involved in the early stages of the business, for Russia that number jumps up to 39.9 percent. Wealthier nations such as Sweden or Belgium, the numbers are at a paltry 2.3 and 1 percent, respectively. Women living in wealthier nations are also more than likely to have benefited from higher education and better income. While these options may not be available to women living in poorer nations, networking opportunities, access to social capital and other resources have driven more of these women to start their own businesses.

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