GITNUX MARKETDATA REPORT 2024

Women Owned Business Statistics: Market Report & Data

Highlights: The Most Important Women Owned Business Statistics

  • There are 12.3 million Women Owned Businesses in the U.S.
  • Nearly half (47%) of women business owners are women of color.
  • Employment in women-owned businesses has increased by 21% since 2007, while employment in all businesses has declined by 0.8%.
  • Revenue in women-owned businesses has increased by 21% since 2007, while the total revenue for all businesses has increased by 20%.
  • 18% of all SMEs are women-led (as of 2018 UK data).
  • 20% of firms with revenue of $1 million or more are women-owned.
  • Women hourly earnings are 88.3% of men’s in majority women-owned businesses in the U.S.
  • Women-owned businesses in the U.S. saw a 58% increase from 2007 to 2018.
  • Only 12% of women-owned businesses have employees; 88% are solopreneurs.
  • 36% of all businesses are women-owned, and they account for 12% of sales and 15% of employment.
  • Women-owned businesses represent 39% of all U.S. firms but account for only 4.2% of revenues.
  • Between 1997 and 2017, the number of women-owned businesses increased by 114%.
  • Women start companies with 50% less capital than male counterparts.
  • Six in 10 women business owners expect their revenues to increase in the next 12 months.

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Unveiling the incredible growth and impact of women entrepreneurs, this blog post takes a deep dive into the captivating realm of Women Owned Business Statistics. As female leaders break barriers and carve new paths in the business world, it’s crucial to understand the sheer volume and influence of this significant sector. Join us as we delve into the latest statistics, observing worldwide trends, industry dispersion, and economic contributions, providing key insights into the expanding universe of businesses owned and run by women.

The Latest Women Owned Business Statistics Unveiled

There are 12.3 million Women Owned Businesses in the U.S.

Highlighting how 12.3 million businesses in the U.S. are owned by women brings to center stage the tremendous strides made in elevating female entrepreneurship, marking a powerful shift in the economic landscape. This statistic not only underscores the growing diversity in the business realm, but also illustrates the colossal force that female innovators represent in the U.S. economy. Especially in a time when female empowerment and gender equality are among key societal discussions, this number exemplifies the dynamic role of women in disrupting traditional business norms and models—an integral point to note in the realm of women owned business statistics.

Nearly half (47%) of women business owners are women of color.

Highlighting that 47% of women business owners are women of color provides a critical insight into the changing face of entrepreneurship. It demonstrates that entrepreneurship is becoming a viable pathway for economic advancement for diverse groups of women, not just those who are white or from higher socioeconomic statuses. This data point is an encouraging sign of progress for gender and racial equality in the business sector. Furthermore, it emphasizes the importance of catering to the specific needs and challenges of women of color entrepreneurs to foster their continued growth and success.

Employment in women-owned businesses has increased by 21% since 2007, while employment in all businesses has declined by 0.8%.

Highlighting a 21% increase in employment within women-owned businesses since 2007, stands as a testament to the growing influence and power of female entrepreneurship in the contemporary business domain. In stark contrast to the 0.8% decrease in overall business employment, this statistic underpins the resilient and burgeoning capabilities of women entrepreneurs. Within the ambit of the blog post about Women Owned Business Statistics, this dynamic shift not only signifies the ability of women to create job opportunities in a declining market but also demonstrates their pivotal role in shaping the future economy, thus painting a vibrant picture for the readers on the economic significance of women-owned businesses.

Revenue in women-owned businesses has increased by 21% since 2007, while the total revenue for all businesses has increased by 20%.

This compelling revelation of a 21% increase in revenue for women-owned businesses since 2007, surpassing the 20% raise noted in all businesses, magnificently underscores an encouraging trend of rising female entrepreneurship. It elicits the pointed and promising narrative of the increasingly influential role women play in the economy, fostering innovation and competition. By surpassing the average growth rate, women entrepreneurs are not only validating their formidable presence in the business world, but also challenging the conventional norms and setting benchmarks for success. This statistic, thus, serves as a critical checkpoint, reinforcing the potential and significance of women’s contributions to the global economic landscape in a blog post on Women Owned Business Statistics.

18% of all SMEs are women-led (as of 2018 UK data).

Unveiling a powerful perspective, the statistic showing that 18% of all SMEs are women-led (according to UK data from 2018) accentuates the steady rise of female entrepreneurship and leadership in the business world. This number effectively endorses the capabilities of women to lead successful enterprises within the small and medium business sectors. It serves as a stepping-stone for further analysis, as it allows readers to grasp the nuances of women’s representation in a traditionally male-dominated field. The figure also compels us to explore future trends and the possible growth of this percentage, thereby setting the stage for a comprehensive analysis of the factors empowering women entrepreneurs.

20% of firms with revenue of $1 million or more are women-owned.

With the whip of agility and a feather of resilience, women-owned businesses are carving out their own domain in the commercial world. The fact that 20% of firms with revenue of $1 million or more are women-owned affirms this trend, reflecting not just the increasing gender parity in entrepreneurship but the flourishing of female-led firms in high revenue brackets. It punctuates the widespread economic contribution of such businesses and emphasizes the growing autonomy and financial prowess of female entrepreneurs. This figure is a powerful testament to female fortitude and fierce leadership, offering both inspiration and incentive for future women business owners in their entrepreneurial journey.

Women hourly earnings are 88.3% of men’s in majority women-owned businesses in the U.S.

Placing the spotlight on the statistic, ‘Women hourly earnings are 88.3% of men’s in majority women-owned businesses in the U.S.’, casts a fascinating dimension on the discourse about gender equality in business. In a landscape often lauded for its progressive tide towards gender parity, this figure uncovers an unanticipated disparity within the very domains forged by women. Offering a pivot point for dialogue and scrutiny, the statistic punctures the stereotypical narrative of women achieving fair remuneration in their businesses, urging us to delve deeper into the ecosystem of women-owned enterprises, their wage structures and dynamics.

Women-owned businesses in the U.S. saw a 58% increase from 2007 to 2018.

Highlighting the remarkable growth spurt of 58% in women-owned businesses in the U.S. from 2007 to 2018 underscores a transformative shift in the corporate landscape. It essentially conveys a message of progressive gender inclusivity in entrepreneurial realms, overthrowing traditional notions about business ownership. This striking surge signifies various facets like women’s growing financial independence, empowerment, adaptability and their successful stride towards shattering the glass ceiling. Thus, in interpreting women-owned business statistics, this figure serves as a dynamic testament to the escalating influence of women in the U.S. business ecology.

Only 12% of women-owned businesses have employees; 88% are solopreneurs.

Unfolding the layers of the intriguing statistic which reveals that a mere 12% of women-owned businesses have employees, uncovering a stark 88% operating as solopreneurs, signals a critical area worthy of examination and understanding in the world of women entrepreneurship. In a blog post concentrating on women-owned business statistics, it certainly earns a focal point, illustrating not only the immense courage and resourcefulness of these solo women entrepreneurs, but also unearthing potential challenges they face such as limited growth ability, expansion difficulties, and formidable burdens of handling all operational tasks singlehandedly. This multi-faceted datum provides a rich perspective into the operational models across the landscape of women-led ventures, prompting discussions on the need for greater support, networking opportunities, and resources to advocate for the scalability and growth potential of their businesses.

36% of all businesses are women-owned, and they account for 12% of sales and 15% of employment.

In the realm of Women Owned Business Statistics, the revelation that 36% of all businesses are owned by women, contributing to 12% of total sales and 15% of employment, serves as a testament to the significant role of women as economic drivers. As we untangle these numbers, it unveils a story of female entrepreneurship brimming with potential yet grappling with challenges, as indicated by the smaller proportion of sales and employment in comparison to business ownership. The figures set a powerful backdrop for discussions about potential growth, gaps and opportunities, reinforcing the importance of policy, infrastructure and cultural changes that facilitate women in business. This narrative woven from statistics serves as an insightful tool, resonating with stakeholders ranging from aspiring female entrepreneurs, policy makers, to business development support systems.

Women-owned businesses represent 39% of all U.S. firms but account for only 4.2% of revenues.

Slanting our gaze on the vibrant landscape of U.S entrepreneurship, an analytical narrative lurks beneath the confident stride of women-owned businesses. These businesses, while constituting a significant 39% of all U.S. firms, surprisingly contribute just a modest 4.2% to the revenues. This paradox underscores more than just inequities in earnings. It hints at possible systemic barriers, industry bias, or even constraints on scaling, painting a fuller picture of the challenges women entrepreneurs face. Crucially, in highlighting this disparity, we illuminate areas for intervention and advocacy to foster true entrepreneurial equality, a pivotal talking point in the ongoing discourse on Women Owned Business Statistics.

Between 1997 and 2017, the number of women-owned businesses increased by 114%.

Illuminating an impressive trajectory, the statistic that the number of women-owned businesses amplified by a stunning 114% between 1997 and 2017, serves as a testament to the emerging dynamism and evolving profile of women’s participation in the entrepreneurial realm. This upward trend not only underscores the fortitude and determination of women breaking through the corporate glass ceiling, but also signifies a transformational shift in terms of gender roles in the economic space. It effuses optimism for an improved gender balance within business ownership, and bolsters the argument for increased support and facilitation of female entrepreneurship.

Women start companies with 50% less capital than male counterparts.

Illuminating the gender disparity in start-up capital, the statistic that women begin their businesses with half the financial resources as their male counterparts serves as a stark indicator of the hurdles faced by female entrepreneurs. Discussed in a blog post about Women Owned Business Statistics, it not only underscores gender inequity in access to resources, but hints at a layered landscape of challenges from social conditioning discouraging risk-taking among women, to systemic bias in lending and venture capital allocation. The statistic is valuable in that it pushes the conversation towards actionable solutions to bridge this economic divide and bolster the growth and success of women-owned enterprises.

Six in 10 women business owners expect their revenues to increase in the next 12 months.

Highlighting that six in 10 women business owners anticipate revenue growth within the next 12 months paints an encouraging picture of female-led entrepreneurship. This statistical nugget serves as an impressive indicator of the sustained dynamism, resilience and optimism pervading the women-run business ecosystem. As we navigate through unnerving economic terrains, this forward-looking projection reinforces the narrative of the growing influence of women in business, underscoring their pioneering role in steering economic growth and societal change. Crafted within a broader discourse on Women Owned Business Statistics, this statistic vitalizes the conversation and adds a layer of depth, instilling confidence in current and aspiring female entrepreneurs.

Conclusion

The statistics surrounding women-owned businesses create a compelling narrative of resilience, growth, and significant contributions to our economy. It is clear from the data that women entrepreneurs are a powerful force, overcoming challenges and shattering glass ceilings. Their dynamic role in the business landscape is undeniable, reflected not only in the steady increase of female-led enterprises but also in their substantial impact on job creation and GDP. Understanding the trends and patterns within these statistics enables us to appreciate the profound influence of women in business, and underscores the need for continued support and resources that foster their success.

References

0. – https://www.www.sba.gov

1. – https://www.www.uschamber.com

2. – https://www.www.score.org

3. – https://www.smallbiztrends.com

4. – https://www.www.guidantfinancial.com

5. – https://www.fundbox.com

6. – https://www.www.fsb.org.uk

7. – https://www.www.ngdata.com

8. – https://www.www.wbenc.org

9. – https://www.www.smallbizgenius.net

10. – https://www.www.awbc.org

FAQs

What percentage of businesses in the U.S are owned by women?

As per the latest reports from American Express, about 42% of all businesses in the U.S are owned by women.

Which industry has the highest number of women-owned businesses?

The healthcare and social assistance industry have the highest number of women-owned businesses, which includes child care services and home healthcare.

What is the average revenue for women-owned businesses?

The average revenue for women-owned businesses is approximately $142,900. However, this figure varies significantly based on the industry and business size.

How much has the number of women-owned businesses grown over the past decade?

Over the past decade, the number of women-owned companies has grown 2.5 times faster than the national average. From 2007 to 2018, the number of women-owned businesses increased by 58%.

Do women-owned companies employ a significant number of people?

Yes, women-owned companies are a significant source of employment. Currently, women-owned businesses employ over 9.4 million people in the U.S.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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