Study: North Dakota No. 1 For Women Entrepreneurs

By Kevin Killough
Grand Forks Herald

WWR Article Summary (tl;dr) In a study conducted by “Fundera”, North Dakota beat out the competition as the top spot for women entrepreneurs.

Grand Forks Herald

North Dakota is a good place for women to own and operate a business, according to a new study.

Fundera, an online marketplace for small business loans, ranked states on a number of markers of success for women-owned businesses.

North Dakota ranks top in the nation for women entrepreneurs, and Minnesota came in at No. 4.

North Dakota beat out the competition in the Fundera study because it had the highest five-year growth in average revenue of women-owned businesses, highest average revenue of women-owned businesses and highest percentage of women-owned businesses with paid employees. Meredith Wood, vice president of content for Fundera, said the study was tied into Women’s History Month.

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Grand Forks is home to many women leaders in business who say owning a business is a challenge for anyone, but the rewards are worth the effort.

Sadie Gardner, owner of Sadie’s Couture Floral and Event Styling, has operated businesses in both Minnesota and Grand Forks.
She started out in Minneapolis when her husband was completing his medical residency requirements.

In November 2006, she was pregnant with her second child and was having to stay in bed a lot, which hindered her ability to work. She started thinking about having her own business, which would give her a more flexible schedule to raise her children.

She calculated that if she could do 15 weddings per year, she could make as much money as she was at her job. By January she was in business for herself.

“It just exploded from there,” she said.

She provided floral services for 120 weddings the first year, 200 the next and 250 in the third year.

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