Women Owned Business in the United States
Posted on February 3rd, 2009 by Carrie Wilkerson
Did you know that many of the businesses owned in the United States are owned by women?
- 10.1 million firms are owned by women (50% or more), employing more than 13 million people, and generating $1.9 trillion in sales as of 2008.
- Three quarters of all women-owned businesses are majority owned by women (51% or more), for a total of 7.2 million firms, employing 7.3 million people, and generating $1.1 trillion in sales.
- Women-owned firms (50% or more) account for 40% of all privately held firms.
Businesses Owned by Women of Color
- 1.9 million firms are majority-owned (51% or more) by women of color in the U.S.
- These firms employ 1.2 million people and generate $165 billion in revenues annually.
- Between 2002 and 2008, these firms grew faster than all privately held firms.
Million Dollar Businesses
- One in five firms with revenue of $1 million or more is woman-owned.
- 3% of all women-owned firms have revenues of $1 million or more compared with 6% of men-owned firms.
Statistics from the Center for Women’s Business Research.
Visit www.womensbusinessresearch.org for more information on women owned businesses in the United States.
Hi, I follow you on Twitter.
I believe that women are best equipped to run a business because they have to multitask to keep a household functioning. That means, to me, that women would be best at running a country, also. They would be good, no excellent, at running a country if they used both rational and intuitive methods. Unfortunately, if they use their masculine side too much, they’re considered a bxxtcch. It’s still a double standard operating but that is slowly giving way to recognizing the worth of all.
Hi Carrie,
Your newsletter today about Frank McKinney produced some thoughts and questions for me – which I posted on my blog:
http://www.ziggazag.com/biz/the-work-kids-dilemma/
You don’t need to agree with me – would be nice to just stimulate some honest discussion.
take care,
Jini
During the Great Depression women kept families together by taking jobs men would not do.
Now women do home based businesses that start out earning pennies per hour and then grow… Could that be because many men won’t start at that spot?
Or could it be that more women are willing to wear all the hats in a business while it grows? You know – manufacturer, sales person, bookkeeper, and cleaning crew rolled into one.
Amazing statistics! Thanks for sharing!
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Thanks Carrie for bringing a positive vibe to the business world!
Women have been and are still behind many huge corporate successes.
It’s a matter of time, we are getting everywhere we feel we can do a good job. The world needs a new perspective that women can bring because of their more human aspects.
I salute your work Girls!
Marcomé
Indie New Age Artist from Canada
I came across your site from a book, Twitter Marketing for Dummies and I started following you of twitter. I enjoyed going through your blog, very interesting. FYI…love the name Barefoot Executive. I will be back.
Golda
Great article! I am a woman entrepremeur and a woman advocate as well, and I understand how every hour of everyday is so valuable to us. Saving the world is not an easy task! That’s why I’m sharing this link to you where you can watch free videos that teaches amazing ways to effectively manage your time: http://performtoprofit.com/
Go girl power!