On this International Women’s Day, it might be a wise idea to learn how women is shaping the entrepreneurial landscape. Not only is the impact impressive, growing but it is also building sustained growth. In some aspects, the impact is equal or better than the male counterparts.
Women entrepreneurs has been on the rise for sometime, more specifically, we’ve grown twice as fast as men between 1997 and 2007, at the pace of 44% growth in women-owned businesses. if it is not a cool stats, not sure what else is?
There are a Dozen interesting factoids about how women is shaping business landscape:
- In 2005, there were 7 CEOâs in Fortune 500. As of May 2011, there were 12 CEOâs in Fortune 500 companies, not many but growing.
- Approximately 32% of women business owners believe that being a woman in a male-dominated industry is beneficial.
- The number of women-owned companies with 100 or more employees has increased at nearlytwice the growth rate of all other companies.
- The vast majority (83%) of women business owners are personally involved in selecting and purchasing technology for their businesses.
- The workforces of women-owned firms show more gender equality. Women business owners overallemploy a roughly balanced workforce (52% women, 48% men), while men business owners employ 38% women and 62% men, on average.
- 3% of all women-owned firms have revenues of $1 million or more compared with 6% of men-owned firms.
- Women business owners are nearly twice as likely as men business owners to intend to pass the business on to a daughter or daughters (37% vs. 19%).
- Between 1997 and 2002, women-owned firms increased their employment by 70,000, whereas firms owned by men lost 1 million employees.
- One in five firms with revenue of $1 million or more is woman-owned.
- Women owners of firms with $1 million or more in revenue are more likely to belong to formal business organizations, associations or networks than other women business owners (81% vs. 61%).
- Women-owned firms in the U.S. are more likely than all firms to offer flex-time, tuition reimbursement and, at a smaller size, profit sharing to their workers.
- 86% of women entrepreneurs say they use the same products and services at home that they do in their business, for familiarity and convenience.
Road is well traveled and boy we have covered a distance. Let us embrace and keep breaking the glass ceiling. At the end, Happy International Women’s Day you all!
Courtesy of: CreditDonkey