New Data Available on Women-Owned Firms

Women-owned firms employ nearly 13 million people and generate $1.9 trillion in sales, according to the latest data from the Center for Women's Business Research.

The center released "Key Facts about Women-Owned Business - a 2007 Update" on Tuesday. The hard-copy brochure is a compilation of the center's most recent research and covers a gamut of issues facing women business owners such as retirement and technology choices.

The data shows that about 81 percent of women-owned businesses don't have employees versus about 75 percent of micro entities headed by men. Women-owned businesses also are starting at a faster rate and their revenues are growing faster. Between 1997 and 2006, 51 percent of women-owned firms grew at twice the rate of all firms.

The center also found that nearly 70 percent of women-business owners choose financial products and services based on their relationship and experience with a lender.

By Sharon McLoone |  August 30, 2007; 7:30 AM ET Data Points
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To hear directly from women busines owners, visit www.mywomanownedbusiness.com.

Their stories are inspiring. Would love for you to mention the social networking site known as the "myspace for female entrepreneurs" in your next column or blog.

Thanks,
Kimberly Porrazzo
Founder, publisher
MyWomanOwnedBusiness.com

Posted by: Kimberly Porrazzo | August 30, 2007 11:29 PM

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