More women than ever are willing to take the risk of starting their own company and they're doing it across all sorts of industries, including biotech, technology and life sciences.
Successful entrepreneurs need to have a certain appetite for risk, as there are no guarantees when starting your own company, Koplovitz said. Specifically, women entrepreneurs need to seek the "Stiletto Network," she said, referring to a book by author and former investment banker Pamela Ryckman about women entrepreneurs and executives supporting one another.
There is a well-documented shortage of women in high-ranking executive positions. Meanwhile, women entrepreneurs are having difficulty getting funding.
However, Koplovitz said that there's a "great change" going on. This change will not only benefit the careers of women, but also many companies, she said.
But she added that women entrepreneurs face particularly difficult challenges and must learn quickly.
Successful entrepreneurs "learn and adapt at rapid speed," Koplovitz said. She also said that women entrepreneurs and executives need to be able to balance their professional and family lives.
But she said that the advantage, particularly with entrepreneurs, is that they are able to map out their schedules on their own terms.