Ernst & Young LLP Announces 11 National Winners of 2012 Entrepreneurial Winning Women Program
Program winners defy the odds and spur dramatic company and job growth in women-owned businesses
NEW YORK, NY (PRWEB) October 24, 2012
Ernst & Young LLP today announced the 11 winners of its 2012 Entrepreneurial Winning Women program, a national competition and leadership initiative that identifies and connects a select group of women entrepreneurs with the advisors, resources and insights they need to scale their businesses and become market leaders.
Women entrepreneurs play an essential role in creating sustainable economic growth in today's uncertain economy. In fact, women start businesses at twice the rate as men. But, despite robust growth in early stages, women-owned companies don't always scale up to their full potential.
“Our Entrepreneurial Winning Women program helps bridge the gap for an area we call ‘the missing middle' – those second-stage women business owners whose companies have emerged from the start-up phase but face a crucial inflection point in their growth journey,” said Kerrie MacPherson, Partner and Entrepreneurial Winning Women Executive Sponsor, Ernst & Young LLP. “By providing the right information, networks and guidance, we're able to help these talented women access capital, identify strong business advisors and put the processes in place to radically expand their companies.”
Research shows that the program is paying off in a big way. Revenues of program participants' companies have grown almost 50% each year on average, with a corresponding 25% average annual growth in the number of jobs, according to a recent independent study directed by the Babson College Center for Women's Leadership.
“The Entrepreneurial Winning Women Program has totally changed my definition of ‘big' and opened my eyes to the growth potential for our company,” said Amy Buckner Chowdhry, CEO, AnswerLab and a 2011 Entrepreneurial Winning Woman. “I'm thinking entirely differently about how we measure being the market leader.”
This year's Entrepreneurial Winning Women award recipients were chosen by a panel of independent judges from a group of 110 applicants. The women own companies in a wide variety of industry sectors, including lifestyle and luxury brands, legal solutions, corporate wellness, and food and beverage. Combined, the group's total 2011 revenues are nearly $85 million.
The 2012 winners are:
- Allyson Ames | Wonderland Lifestyle Brands (Newport Beach, Calif.): Wonderland Bakery® is a unique destination specializing in delicious desserts and whimsical products that make every day a celebration. A national favorite of families, celebrities and the White House, the brand is expanding beyond baking to include merchandising, media and entertainment properties.
The 11 members of the Entrepreneurial Winning Women Class of 2012 will receive an all-expense paid trip to this year's Ernst & Young Strategic Growth Forum®2012, an invitation-only gathering of more than 2,000 high-growth, market-leading company CEOs. The Forum presents a one-of-a-kind platform for Entrepreneurial Winning Women to introduce their companies and share their corporate and personal brands with a community of Ernst & Young Entrepreneur Of The Year® winners, top executives, prospective investors and business advisors. All Entrepreneurial Winning Women will be recognized at a special celebratory event during the Forum. For more information on the Forum, visit: http://www.ey.com/us/strategicgrowthforum.
The distinguished 2012 panel of independent judges for the Entrepreneurial Winning Women program included:
•Howard Brodsky, Chairman and CEO, CCA Global Partners
•Cynthia Cohen, CEO, Strategic Mindshare
•Laurie Cunnington, President, Ward Williston Oil Company
•Dr. Mary Jo Gorman, CEO, Advanced ICU Care and a 2011 Entrepreneurial Winning Woman
•Jeri Harman, Managing Partner, Avante Mezzanine Partners
•Rob Scott, VP and Worldwide General Manager, Hewlett Packard
•Mary Ellen Sheets, Founder, Two Men And A Truck
Launched in 2008, the program is intended to help women entrepreneurs break through the barriers that keep thriving second-stage businesses from scaling to their full potential. Once selected, the entrepreneurs participate in an ongoing, customized program designed by Ernst & Young to catalyze their companies' growth by building and fostering critical relationships, enhancing leadership skills, expanding business know-how and providing increased visibility. They are coached on the five crucial leaps they need to scale up their business:
- Setting higher goals;
- Building a public profile;
- Working on the business, rather than in it;
- Establishing key advisory networks;
- Evaluating financing for expansion.
The Entrepreneurial Winning Women program is conducted in collaboration with several organizations that encourage the development of women-owned businesses, including the Women Presidents' Organization (WPO), the Women's Business Enterprise National Council (WBENC), the National Association of Women Business Owners (NAWBO), The Committee of 200 (C200), the Kauffman Foundation and Babson College's Center for Women's Leadership. For more information on the program, visit http://www.ey.com/us/entrepreneurialwinningwomen.
About Ernst & Young's Strategic Growth Markets Practice:
Ernst & Young LLP's Strategic Growth Markets (SGM) practice guides leading high-growth companies. Our multi-disciplinary team of elite professionals provides perspective and advice to help our clients accelerate the path to market leadership. SGM delivers assurance, tax, transactions and advisory services to thousands of companies spanning all industries. Ernst & Young is the undisputed leader in taking companies public, advising key government agencies on the issues impacting high-growth companies and convening the experts who shape the business climate.
For more information, please visit us at http://www.ey.com/us/strategicgrowthmarkets, or follow news on Twitter at EY_Growth.
About Ernst & Young:
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
For more information, please visit http://www.ey.com.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
This news release has been issued by Ernst & Young LLP, a US client-serving member firm of Ernst & Young Global Limited.
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