Good morning,
For two months this summer, Stefanie Tacata worked out of her car.
She and her wife, Souad Acha, were living with Tacata's parents so that Tacata's mother, a former kindergarten teacher, could look after their baby daughter. The couple founded Stateless Fashion Design and Consulting, a New York City-based company that develops and launches clothing lines for brands. "Those first few weeks [of remote work]--it's a blur, to be honest," Tacata tells Inc.
After trying to work from their apartment without childcare, they stayed first with one founder's family and then the other's. Working long hours to keep their business afloat, they eventually settled in the suburbs, where their daughter could benefit from outdoor space--and a spot at a day-care center. Says Tacata: "It's not my ideal thing, but it is reality."
During a pandemic and economic recession, the challenges faced by women founders only multiply. Inc.'s third annual State of Entrepreneurship survey, conducted with sister publication Fast Company, asked founders--both men and women--what it's like to lead a business in the Covid-19 era. The responses from 229 women who completed the survey highlight three perennial problems faced by women that the pandemic has exacerbated: acquiring outside capital, managing childcare, and mental health issues.
It's hard to overstate the financial devastation wrought by the coronavirus on America's small businesses, and women founders felt it keenly. Read our story to learn how some are handling it--and what their plans for 2021 entail. |
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