Statistics on Women Business Owners
According to the Center for Women’s Business Research (CWBR), 10.1 million businesses are owned by women and this accounts for 40% of all privately held firms in the United States. These women-owned businesses firms employ a total of 7.3 million people generating 1.1 trillion dollars in sales.
The CWBR finds that women business owners are likely to adopt new technology in their businesses as much as their male counterparts. Their top concerns about technology are security of internet purchases (82%), computer viruses (81%), protecting business data (77%) and general system failure (73%).
The center also finds that women business owners emphasize relationship and fact gathering to manage their businesses and are more likely to consult with experts, employees and fellow business owners in decisions that affect their businesses than their male counterparts. For example, 67% of women business owners choose their financial products and services based on their relationship and experience with the lender.
The same center finds that 66% of women business owners are willing to take above average or substantial risks for business investments.
A 2008 report on statistical information about minority-owned businesses states that a higher percentage of women(54%) choose to have home-based businesses versus male owned business (47) but the rates decline sharply with employment size.
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