REAL SMART – Business Who Runs The World?
Women-owned small businesses are vital to the US economy as well as the health of local communities. In fact, women are founding businesses at 2.5 times the national rate. That means, there are a lot of resources out there to help all you women entrepreneurs achieve your dreams! Women entrepreneurs are the key drivers of US entrepreneurship today. Women are starting up businesses at 2.5 times the national rate. And many of these women-owned businesses are headed by women of color. In fact, in recent years, the number of businesses led by women of color has grown by up to 300%.
Women have always owned businesses. What has changed over the last few decades is women’s increased participation, leadership, and impact in a wider range of businesses.2 Women-owned firms have grown by one and a half times the rate of other small enterprises over the last 15 years and now account for almost 30% of all businesses.3 Since 2007, women-owned businesses have led privately held company job growth in America, second only to publicly traded firms.