Episode 233 - Why We Need Women Who Rise with Jo Saxton and Paula Faris
Jan 17, 2023
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Jo Saxton, a passionate entrepreneur focused on empowering women leaders, joins Paula Faris, a seasoned journalist and advocate for women's leadership. They explore challenges female entrepreneurs face, from funding disparities to cultural narratives. The conversation highlights the importance of systemic support and community in uplifting women in business. They also discuss the pivotal role of male allies in fostering female leadership and the power of stories in empowering future generations. The episode is a rallying cry for women to rise and take their place in the marketplace.
The podcast illustrates the detrimental effects of false narratives on women's aspirations and the need for environments that promote truth and encouragement.
It highlights the significant funding disparities faced by female entrepreneurs, stressing the importance of access to mentors and networks for their growth.
Community support is crucial for women entrepreneurs, as stronger networks can help alleviate isolation and bolster shared experiences in their journeys.
Deep dives
The Impact of False Narratives
False narratives can have a profound negative impact on individuals, particularly in shaping their identities and aspirations. The conversation emphasizes the importance of recognizing these narratives and actively combating them by fostering an environment of truth and encouragement. Participants explain that society often projects limiting beliefs about men and women, especially regarding career ambitions, which can lead to feelings of inadequacy. By reframing these narratives, entrepreneurs can create space for greater inclusiveness and collaboration, ultimately bolstering personal and professional growth.
Challenges Faced by Female Entrepreneurs
Female entrepreneurs face numerous barriers that significantly hinder their access to funding and support. Data highlights that women receive a mere 2% to 3% of venture capital funding, which is exacerbated for women of color. Access to mentors and networks also plays a critical role in these disparities, as many women find themselves excluded from influential circles that could help facilitate their business growth. This presents a missed opportunity for society, as empowering women innovators could lead to increased overall economic growth and better societal outcomes.
The Role of Community in Entrepreneurship
Community support is essential for the success of entrepreneurs, particularly women and mothers who often juggle multiple responsibilities. The discussion points out that traditional societal structures, such as the nuclear family, have evolved, and many entrepreneurs now operate in isolation. A stronger sense of community can alleviate these burdens by fostering shared experiences and resources that entrepreneurs can tap into. Collaborative efforts, such as building networks and local support systems, can help reduce the loneliness often felt on the entrepreneurial journey.
Reimagining Leadership and Participation
A call is made for broader participation of women in leadership roles within various sectors, including the church and business. There is a consensus that having women at the decision-making table leads to more innovative ideas and effective leadership. Emphasizing the value of women's contributions disrupts outdated perceptions and opens doors for new narratives around women's abilities in leadership. By encouraging involvement and sponsorship, organizations can create an environment where women feel empowered to pursue their ambitions and thrive.
The Importance of Narratives and Storytelling
Storytelling is highlighted as a powerful tool for altering perceptions and encouraging new possibilities for women in business. The podcast suggests that sharing success stories of women leaders can inspire future generations to break away from limiting beliefs. It is essential to celebrate the diverse narratives of women who have successfully navigated challenges, as these stories provide tangible examples of what can be achieved. By normalizing discussions around women’s accomplishments and the value they bring to entrepreneurship, society can manifest positive change.
Growing up, Jo Saxton assumed that most women worked outside the home. Her mother and grandmother modeled grit and hustle for her at an early age.
She even says they had to “force” her grandma to retire at age 97. There was never any doubt that women could do great work in the marketplace in Jo’s family.
Now, as a leader and entrepreneur herself, she is passionate about making that perspective a norm for people around the world by equipping and inspiring women leaders to rise up to their God-given calling.
In this episode, she has an open discussion with Henry and a good friend of the show, Paula Faris, who has plenty of insight to share about the topic as well. Throughout the conversation, the three discuss the competitive advantages to female leaders, creative solutions to big problems, and how male founders can play a role in empowering female leaders to create lasting impact.
Check out this riveting episode and don’t forget to follow along and rate the podcast on your favorite streaming platform.
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