Women Entrepreneurs: A Growing Trend

The business landscape is continually changing—technological advances, corporate downsizing, restructuring, and telecommuting have reshaped the marketplace.­ Although these improvements and modifications have a great impact on our working environment, perhaps the most notable trend has been the rapid growth in the number of women-owned businesses. According to the Center for Women’s Business Research (2012), three quarters of women-owned businesses are those wherein women own a majority share, and each year, women-owned businesses generate almost $1.9 trillion in sales. Statistics from the Center for Women’s Business Research reveal impressive gains for women in the marketplace: An estimated 10.4 million companies are owned by women. Women-owned businesses account for 41% of all firms in the U.S., and employ 12.8 million workers. In the past 20 years, women-owned companies grew by 42%. This figure is two times the growth rate of all privately-held firms for that time period. The “Push” Behind the Numbers …

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