2019 marked the 12th Annual Women Presidents’ Organization competition to find the 50 Fastest-Growing Women-Owned/Led Companies™. Award winners were recognized during The Annual WPO conference, on May 2nd in Charlotte, North Carolina. Socialfix Founder, Terry Tateossian, was honored among this year’s winners.
“It is an honor to be recognized alongside such empowering change-makers. As a female entrepreneur in a competitive industry, I have come to understand that in order to be successful as a woman business owner you have to expect and anticipate change,” said Tateossian. “Over the course of my career, I’ve developed a strong understanding of how diversity and adaptability is crucial to success,”
Although women make a significant contribution to the economy, they often go unnoticed. According to Capital One’s latest ranking, The 50 Fastest-Growing Women-owned Companies have generated $5.9 billion in revenue. Competitions like The 50 Fastest is one way that women leaders can be distinguished for their incredible contribution to the economy. The winners also benefit from the vast network of influential women business leaders that can help continue each other’s growth.
Not only has the 50 Fastest-Growing Companies award shed light on women’s economic contributions, but the recognition has also dismantled misinformed stereotypes. According to Forbes, there is a common misperception that women only lead companies that are in some way (either by industry-type or services rendered) inherently girlish. For WPO, they are continuing to see that stereotype challenged through recognition events like the 50 Fastest, where women entrepreneurs are expanding to many different types of industries.
“I am delighted that this year our rankings show women entrepreneurs are branching out into every sector of business,” said WPO President and Founder, Dr. Marsha Firestone. “We are also very encouraged that companies of all sizes, such as Socialfix are presented. Some smaller but very successful companies demonstrated significant growth this year.”