Women Owned Business Stats - A Force to Be Reckoned With
By JJ Thomas • Aug 27th, 2007 • Category: UncategorizedCenter for Women’s Business Research:
- Women-owned firms employ nearly 13 million people and generate $1.9 trillion in sales.
- Between 1997 and 2006, majority women-owned firms (51 percent or more women-owned) grew at twice the rate of all firms (42 percent vs. 24 percent).
- The vast majority (83 percent) of women business owners are personally involved in selecting and purchasing technology for their businesses.
- Women owners of firms with revenues of $1 million or higher embrace financial measurements as management tools and produce more financial reports more often than smaller firms.
- There are 2.4 million firms owned 50 percent or more by women of color in the U.S., employing 1.6 million people and generating nearly $230 billion in sales.
- More than two-thirds (67 percent) of women business owners choose financial products and services based on their relationship and experience with a lender.
JJ Thomas is the founder and chief promoter and contributor for BirminghamSmallBusiness.com. JJ has a passion for entrepreneurship and enjoys helping fellow aspiring and practicing entrepreneurs. JJ has also founded other related business ventures, such as Entrevisor (providing entrepreneur advisory services) LOLO Rewards (coalition loyalty and rewards program for locally owned, independent businesses), The Entrecyclopedia (the Entrepreneur's Encyclopedia of useful information) and EntrePulse (a weekly roundup of practical info for aspiring and entrepreneurs).
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