Recent research presents
interesting trends for women entrepreneurs.
Read the interesting statistics below.
Then, visit this Entrepreneurship section of Success Star Institute
soon to see information about how you can start your
own business!
From setting up the organization legally to planning how to fund it,
we'll give you the tools to make headway immediately.
Recent research presents interesting trends for
women entrepreneurs. According to the Center for Women’s Business
research, the number of women-owned businesses in this country grew
at twice the rate of all firms between 1997 and 2002. The Small
Business Administration finds that women-owned businesses account
for 28 percent of all privately-owned businesses and they employ 9.2
million people. They contribute $2.38 trillion in revenue to the
U.S. economy.
Between 1997 and 2006, the number of majority women-owned
businesses increased 42%.
--Center for Women's Business Research, September 2006
In 2006, majority women-owned businesses are expected to generate
$1.1 trillion in revenues.
--Center for Women's Business Research, September 2006
79% of women business owners are concerned when selling their
business about the buyer's plans for the business compared to 52% of
men.
--Center for Women's Business Research, May 2006
85% of women surveyed don't believe being a woman is detrimental to
their business success, while 32% believe it's beneficial.
--Center for Women's Business Research, December 2005
Women are more likely to own a majority share of their business,
77% to 69%.
--Center for Women's Business Research, December 2005
69% of women entrepreneurs say they feel confident with the
decisions they make regarding external financing for their
businesses.
--Center for Women's Business Research, 2005.
30% of women business owners plan to pass their businesses onto
their daughters, while only 11% of male business owners plan to do
the same.
--Center for Women's Business Research, 2005
10.6 million firms are at least 50% owned by a woman or women.
--Center for Women's Business Research, 2005
48%, nearly half, of all privately-held firms are at least 50%
owned by a woman or women.
--Center for Women's Business Research, 2005
Between 1997 and 2004, the estimated growth rate in the number of
women-owned firms was nearly twice that of all firms (17% vs. 9%),
employment expanded at twice the rate of all firms (24% vs. 12%),
and estimated revenues kept pace with all firms (39% vs. 34%).
--Center for Women's Business Research, 2005
Women-owned businesses will spend an estimated $546 billion
annually on salaries and benefits ($492 billion on salaries and $54
billion for employee benefits--heath, retirement, and insurance).
Health benefits comprise the largest share of benefit expenditures,
with 2004 spending estimated at $38 billion.
--Center for Women's Business Research, 2005
Women-owned firms employ 19.1 million people and generate $2.5
trillion in sales.
--Center for Women's Business Research, 2005
Privately-held 50% or more women-owned firms are just as likely
as all privately-held firms to have employees (23% of women-owned
firms compared to 25% of all firms).
--Center for Women's Business Research, 2005
Annual expenditures by women-owned enterprises for just four
areas--information technology ($38 billion), telecommunications ($25
billion), human resources services ($23 billion), and shipping ($17
billion)--are estimated to be $103 billion.
--Center for Women's Business Research, 2005
Between 1997 and 2004, privately-held 50% or more women-owned
firms diversified into all industries with the fastest growth in
construction (30% growth), transportation, communications and public
utilities (28% growth), and agricultural serves (24% growth).
--Center for Women's Business Research, 2005
The number of women-owned firms with employees has expanded by an
estimated 28% between 1997 and 2004, three times the growth rate of
all firms with employees.
--Center for Women's Business Research, 2005
As of 2004, almost two-thirds (63%) of all women-owned businesses
are privately-held majority (51%) or more women-owned for a total of
6.7 million firms, employing 9.8 million people and generating $1.2
trillion in sales.
--Center for Women's Business Research, 2005
