Women Business Owner Stats

Thursday, January 17, 2008

SBA, Office of Advocacy, http://

* Women represent more than 1/3 of all people involved in entrepreneurial activity.
(Source: Global Entrepreneurship Monitor (GEM) 2005 Report on Women and Entrepreneurship)/

* The number of women-owned firms continues to grow at twice the rate of all U.S. firms (23 percent vs. 9 percent).

* There are an estimated 10 million women-owned, privately-held U.S. businesses.

* The greatest challenge for women-owned firms is access to capital, credit and equity.

* Women start businesses on both lifestyle and financial reasons.

* Many run businesses from home to keep overhead low.
(Source: SBA, Office of Advocacy and Business Times, April 2005)

* Women are more likely to seek business advice:
- 69% women vs.
- 47% men.
(Source: American Express)

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