The Rise of Women-Owned Businesses & What It Means for the Future

THE RISE OF WOMEN-OWNED BUSINESSES & WHAT IT MEANS FOR THE FUTURE 8.6 Million * 29 businesses are owned of the firms in the by women in the United States. United States are owned by women. An increase of 59% since 1997 IMPACT ON THE ECONOMY Apple Microsoft Women-owned Businesses GE Google Sony Women-owned businesses generate $1.3 trillion in revenue per year-more than the combined market cap of Apple, Microsoft, GE, Google, and Sony. EMPLOYMENT Women-owned businesses employ 7.8 million people- 40% more than the three largest employers- McDonald's, IBM, and Revenue for women-owned businesses has grown at a rate of twice that of the US population over the last 15 years. Walmart-combined. Among privately-held companies, women-owned businesses have added 175,000 jobs, despite a loss of 569,000 employees among all privately-held companies. 8.2% of women-owned businesses bring in more than $1 million in annual revenue, vs. just 5% of all firms. INDUSTRY INVOLVEMENT In 7 out of the 13 most populous industries, women-owned businesses are exceeding overall growth. PERCENTAGE OF WOMEN-OWNED BUSINESSES 11 20 TRANSPORTATION FINANCE & CONSTRUCTION & WAREHOUSING INSURANCE 44 45 53 ADMINISTRATIVE SUPPORT WASTE HEALTH CARE & MANAGEMENT SOCIAL ASSISTANCE STARTING & GROWING BUSINESSES Despite owning nearly 30% of all US businesses, women receive only 5% of the nation's equity capital. 30 On average, women receive nearly 80% less first-year capital than men. Check out how you can get funding to grow your business by visiting RapidAdvance.com. RAPID 877-GO-RAPID | rapidadvance.com/blog Get Social and Connect Today! ADVANCE www.womenable.com/userfiles/downloads/2013 State_of_Women-Owned_Businesses_Report_FINAL.pdf mashable.com/2012/08/14/facts-women-business/