Tuesday, June 21, 2022

A $20,000 gap

Six key lessons you shouldn't ignore as a first-time entrepreneur. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
INC. THIS MORNING
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A $20,000 gap

Good morning,

As more startups recover slowly from the precipitous drop-off in revenue caused by the pandemic, female CEOs are paying themselves even less compared with their male counterparts, according to the latest report from San Francisco-based accounting firm Kruze Consulting. The report found that the salary gap between female and male startup CEOs grew four times wider in 2022 from what it was in late 2019. The differential clocks in at $20,000 in 2022, up from $5,000 in 2019. Compared with 2021, 2022 saw an increase of only $1,000 annually for female CEOs, while male CEOs saw a $5,000 salary increase. 

Besides being underpaid, female leaders continue to be underrepresented in the workplace--made worse by the collapse of the child care sector and the inaccessibility of afterschool programs due to the pandemic. Read on for three ways to determine how much to pay yourself.
 
 
 
Investing in the New Faces of Entrepreneurship

For Years, Investors Have Overlooked Diverse Founders. This VC Has a Plan to Change That for 1,000 of Them.

 
 

 
A MESSAGE FROM tripactions
State of Business Travel and Expense: Q1 2022
Business travel and expense is back—and TripActions has the data to prove it. Check out this report to see first hand data on 2022’s return to travel.
Get Started
 
 
Here's what else I'm reading today:
This husband-and-wife team couldn’t find a natural treatment for eczema. Here’s how the company they built became an award-winning, fast-growing natural beauty brand. –Inc.

A House subcommittee recently passed a bill that would lengthen the amount of time that fraudsters could face legal scrutiny for PPP fraud. –Inc.

Here are four practical ways to mend broken relationships with your staff.  –Inc.

Fears of an economic downturn are shaking some people’s career confidence, driving them toward stable jobs, and even back to offices. –WSJ

If change is the only constant, it’s time to get better at leading through it. –HBR
One more thing:
Six key lessons you shouldn’t ignore as a first-time entrepreneur. –Inc.
 
 
This newsletter was written by Inc. associate editor Brit Morse. How are we doing? Send us ideas and feedback on Twitter.

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