Facts
on Fast-Growth of Women Business Owners
Women
are the fastest growing segment of business owners in the U.S.
today with more than 38% owning their own company, employing
28 million people, and contributing $1.6 trillion to the national
economy. No wonder they have been recently reported by ABC News
as 51.4% of online users!
Furthermore........
Fast-growth women entrepreneurs are more likely than fast-growth
men entrepreneurs to depend on their business earnings and
personal debt for business financing.
Thirty-nine
percent of women who own fast-growth firms have a commercial
bank loan compared to 52 percent of male owners of fast-growth
firms.
Thirty-two
percent of women business owners of fast-growth firms use
personal credit cards to finance their firms compared to
only 21 percent of men who own fast-growth firms.
Women
are more likely to own high-tech firms that are also fast-growing
- 48 percent of high-tech firms owned by women are fast
growth, compared to 28 percent of high-tech male-owned firms.
Women
owners of fast-growth firms are less likely to share ownership
of their firms with outside investors than their male counterparts
- 28 percent of women compared to 49 percent of men share
ownership.
(Source:
The National Foundation for Women Business Owners) |