Friday, August 27, 2010

Rise in women's entrepreneurship - extraordinary

Source: http://www.kansascity.com/2010/08/23/2169992/small-business-adviser-why-womens.html

AN article on a Kansas City website has revealed that the rise of women’s entrepreneurship since the 1980’s has been extraordinary.

Research shows that in the late 1970’s women-owned businesses accounted for just 4.5 per cent of all businesses - but by 2008 the figure had risen to a massive 40 per cent and the trend still continues.

Now, nearly two out of three businesses are started by women.
The Centre for Women’s Business Research says that women possess skills and traits that are the key to successful entrepreneurship.

These key skills include communication, multi-tasking, building alliances and social relationships, collaboration and deliberative planning and action – all of which help to make a business successful.

To find out more and to read the full article click here.

2 comments:

  1. Hopefully you read the comments posted on this article by the U.S. Women's Chamber of Commerce. I have reposted them as follows --- While Mr. Kolich and the Small Business Development Center should be commended for their fine work in assisting entrepreneurs, the U.S. Women’s Chamber of Commerce believes this article is misleading to the public (and to women entrepreneurs) with regard to the growth and success of women entrepreneurs. Yes, there has been tremendous growth in the number of women entrepreneurs – as women seek economic advancement and more control over their lives. But the unfortunate truth is that women’s businesses are struggling for revenue growth. Newly released data from the Preliminary Estimates of Business Ownership by Gender, Ethnicity, Race and Veteran Status: 2007, from the U.S. Census Bureau’s 2007 Survey of Business Owners alarmingly finds, even though the number of women’s business grew 44% between 1997 and 2007, our already small revenues-based market share declined over 10% – dropping from an already low 4.41% in 1997 to 3.95% in 2007. This report is available at http://www.uswcc.org. The U.S. Women's Chamber of Commerce is outreaching to women business owners and leaders across the U.S. to drive real progress for women-owned firms -- revenue growth.

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  2. Women owned businesses are increasing at a higher rate than ever. This can be attributed to a few different factors from narrowing gaps in education, more access to funding or the economy making people look at new career options..

    Women owned businesses

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