Here are some facts about the growth of women-owned businesses which I think you want to know. Are women really starting more businesses than men? What are the exact numbers of women entrepreneurs and what do these numbers tell us? Take a listen below…
The female entrepreneurship statistics for 2015 and 2016 show a fantastic growth of women owned businesses. The rates of for female entrepreneurs doubled compared to males. That means twice as many women entrepreneurs than men opened their own businesses.
Let’s check the numbers
Throughout the US, women own 11.3 million businesses, or about 36% of the total. We haven’t reached equality yet, but we’re getting there. According to a study by Dell, the good news is that the US is still the top location for women to start a business. The Dell study looked at things like available startup funding, training, and legal red tape.
What’s more, female entrepreneurship statistics show that women-owned businesses tend to do very well, outperforming their male counterparts by up to 60%.
What’s slowing the growth of women owned businesses?
The Organization for Economic Cooperation and Development says that one of the biggest problems women entrepreneurs face is that they have much less access to financing. Investors and venture capitalists tend to favor men. Fortune magazine shared that in 2017 from the entire annual investment funding of $58 billion, only $1.48 billion was invested in businesses owned by women.
That works out to only 2.5%, which does not correspond with the economic impact that female entrepreneurs make.
Do gender really matter?
Gender shouldn’t matter when it comes to choosing a company in which to invest. Investors should measure the company’s likelihood of success and make their decisions based on that.
Women still have a ways to go to achieve parity in terms of entrepreneurship and access to funding. Things are certainly better than they used to be, but there’s still plenty of room for improvement.
Beate Chelette is the Founder of The Women’s Code and serves as the Programming Chair for the National Association of Women Business Owners (NAWBO-LA). Once $135,000 in debt and a single mother, she successfully sold her business to Bill Gates in a multi-million dollar deal.
Beate’s supports Business Owners and organizations who want to reach them two-fold. As The Growth Architect she creates training, outreach and sponsorship programs through customized Entrepreneur skills training following the 5 Star Success Blueprint that shows step-by-step how to grow, build and scale businesses.
In addition Beate provides leadership development programs for organizations that want to implement the ROI of Balanced Leadership through The Women’s Code, her signature system that educates leaders and helps companies achieve gender equality. The Women’s Code creates and implements programs that improve organizational culture, foster productive work environments and help companies improve their people ROI.
Beate is a respected speaker and mentor and is the author of the #1 International Amazon Bestseller “Happy Woman Happy World – How to Go From Overwhelmed to Awesome”, a book that corporate trainer and best-selling author Brian Tracy calls “a handbook for every woman who wants health, success and a fulfilling career.”
If you’d like to book Beate as a speaker on Leadership or Entrepreneurship for your next event please connect here.