Women’s History Month is a time to reflect on the relationships between successful women and the importance of supporting each other in the business world. While there is no obligation for women to assist each other simply based on gender, studies have shown the significant impact of women’s networks on leadership positions and pay levels.
Research from Northwestern University and the University of Notre Dame found that successful women with close inner circles of female contacts achieved higher authority and pay levels compared to those without such networks. Additionally, formal women’s business networks have been shown to provide vital resources and opportunities for women entrepreneurs, especially during challenging times like the pandemic.
Being part of successful women’s circles can be a secret weapon for personal and professional fulfillment. These circles create a culture of support where members celebrate each other’s achievements, share resources, and offer advice. They also open doors to success by strengthening relationships and providing opportunities for collaboration.
In these circles, competition is replaced with collaboration, as women embrace openness and acknowledge each other’s strengths. When needed, these women become a united force, rallying behind causes that matter and advocating for justice.
If you’re not already part of a women’s circle, consider joining or creating one to benefit from the support, opportunities, and empowerment that these networks provide. By leveraging the power of women’s networks, you can enhance your personal and professional growth and make a positive impact in the business world.