Women effectively manage through downturns in US Economy

According to a study hot off the press from the Center for Women’s Leadership at Babson College and Mass Mutual Financial Group, women-owned family businesses are holding their own against the recessionary waves of the past few years.

• Women-owned firms are more likely to maintain a strong US market sales focus in contrast with their male counterparts.
  
  
• Even with an American marketing and sales focus, over 60% of women-led firms have maintained or grown their earnings in the past three years.
  
  
• Most women-owned firms have managed to maintain or grow revenues without resorting to downsizing, as the median number of employees in women-owned firms has remained stable throughout the downturn in the economy.

How can your company help women reach increasingly higher levels of success & profit? The study reports that assisting women with financial leverage to help grow their organizations is likely the most critical variable to future growth.

For more on the Women in Family-Owned Businesses Report click here: http://www.babson.edu/cwl

Gg Joins The Commonwealth Institute

The Commonwealth Institute is a non-profit organization made up of some of the most successful women entrepreneurs and CEOs in Massachusetts. TCI’s goal is to cater to women leaders during the critical stages of their business and provide them with the tools needed for profitable growth. The Gallagher Group is pleased to be a new member of this dynamic organization. For more on TCI, check out www.commonwealthinstitute.org