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More Women Starting Own Businesses

Date: 04/13/2006 | Category: Business | Author: Claire Reid

Women have become the fastest growing demographic of entrepeneurs.  A recent study by the Center for Women’s Business Research found that the number of women-owned businesses with no employees grew 18 percent from 1997 to 2004, twice the rate for all businesses without employees. Additionally,  the revenue for  women-owned firms grew 66 percent, compared with 42 percent over all.

It is also estimated that about 5.4 million businesses are owned by women with no employees, and they generate an estimated $167 billion in sales annually.  The highest growth rate in women-owned business are found in construction, agriculture and transportation.  Industries that have formerly been dominated by men.

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