Episode #24: The Current State of Female Entrepreneurship with Amy Jermain
In this episode, host Charlotte Chipperfield welcomes Amy Jermain, who is the Executive Director of the Xxcelerate Fund to discuss the current environment surrounding female entrepreneurs. There’s been a number of reports on the disportioncate impact COVID has had on women in their households and with raising childcare, all of which has caused many women to leave work or put their business on hold.
Here are highlights of the discussion points in this episode:
Women have been disproportionately impacted by COVID. 1.1 million people lost their jobs in 2020 and 80% of them were women and actively still leaving the workforce from exhaustion and caretaking at home.
COVID has wiped out a decade of progress for women.
Build safe spaces for female entrepreneurs for building economic freedom and generational wealth
Xxcereate provides business support, 1-on-1 coaching, peer mentorship to help women, and those that identify as being women, grow their businesses.
The implications of our mental health as a result of this massive shift that is delaying business growth and the compounded trauma of the pandemic for women and how women of color are disproportionately affected.
Text 741741 if you are having a mental health crisis.
How men and women show up differently in the world of business and how women approach business differently.
2.2% of venture capital went to women in 2019, where evidence shows that women often run more profitable businesses.
Zebra growth instead of unicorn growth and how we role model what’s possible for women in business to participate in a way that makes sense for them.
Caution against the glamorization of entrepreneurship during “the great recession” but rather have a plan in place for market fit, brand, and capital infusion.
Personal growth is a key component of growing your business.
This is a raw and honest look at what women are currently facing within our careers, businesses, families, mental health and speaks to the importance of finding community and resources to support us.
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Resources mentioned in this episode:
Website: https://www.xxceleratefund.com/
Email: hello@xxceleratefund.com
Zebras Unite: https://zebrasunite.coop/
Instagram: https://www.instagram.com/xxcelerate/
Facebook: https://www.facebook.com/xxcelerate/
Twitter: https://twitter.com/xxceleratefund
Crisis Counselor Text Hotline: Text 741741
About Amy Jermain:
Amy comes to Xxcelerate inspired by a diverse and creative professional background that has weaved in and out of the intersections of food, culture and socio-economic structures. She will tell you she has a southern heart (she hails from Atlanta, GA) but that heart lives and thrives in the Pacific Northwest. She holds a Masters degree in International Development Economics from the University of Kent at Brussels – a platform for her work at various international organizations and NGOs. Her experience has taken her all over the world to explore enterprise within informal and emerging economies with vulnerable populations. Her commitment to improving the resiliency and self-sufficiency of underserved groups is reflected in her work at the United Nations World Food Programme, the International Finance Corporation, International Planned Parenthood Federation and Friends International. Most recently, she was living in Cambodia, where she was managing vocational training programs for marginalized youth throughout SE Asia. Amy is the Principal of her own consulting collaborative, Plumbline CoLAB, where she works with nonprofits, social enterprises, and public entities in creating pragmatic solutions for sustainable and impactful operations and programming. As an avid traveler, glutton and adventure seeker, you may find Amy racing motorcycles at the local race track, thumbing through the travel section at Powell’s, kayaking the Columbia or browsing a local farmers market…...and tacos - it really is all about the tacos.
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This podcast is written, developed and edited by Charlotte Chipperfield.
