Cultivating a community of women
Our Center for Women and Wealth® (CW&W) is committed to engaging and supporting women as they create and manage wealth. We focus on the issues women care about most and curate experiences and conversations for women to grapple with investment, planning, and philanthropic decisions, including issues related to business ownership and raising responsible children. Great things happen when engaged women come together.
The Owners’ CouncilThe Owners’ Council brings together a dynamic, diverse community of women business owners for the purposes of sharing both personal and business insights and experiences, supporting and advocating for each other, and thoughtfully growing our shared ecosystem of women leaders. Members receive invitations to intimate dinners and other in-person events as well as small, highly engaging virtual discussions, in addition to a monthly digest with valuable insights. |
When asked about their top three challenges, private business owners identified:
- Economic instability and inflation
- The rise of AI
- The political environment of the U.S.
AI regulation is top of mind for many owners.
Business owners are split as to whether there should be more AI regulation.
- 51% think AI regulations should stay the same
- 46% think the U.S. should enact more AI regulations
- 3% think there should be fewer AI regulations
Yet 99% are currently using AI for business purposes, including:
- Automating processes
- Supply chain and inventory management
- Marketing/content creation
- Security and fraud prevention
- Customer service
- Data and predictive analytics
- Recruitment and retention
AI adoption will continue to grow, with business owners expecting to use AI in the following areas in the next 12 months:
- Supply chain and inventory management
- Marketing/content creation
- Data and predictive analytics
- Customer service
- Automating processes
- Security and fraud prevention
- Recruitment and retention
Sources: Brown Brothers Harriman. Second Annual Private Business Owner Survey. October 1, 2024.
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This communication is for informational purposes only. The information herein has not been based on a consideration of any individual investor’s circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice. Individuals should consult their personal tax, accounting and legal advisers regarding any potential investment or strategy. Any views and opinions are subject to change at any time.
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