Forbes is reporting optimism for women entrepreneurs in 2014, citing data from “Growing Under the Radar: An Exploration of the Achievements of Million-Dollar Women-Owned Firms”, which was put out by American Express OPEN project.
Here are a few quick factoids from the study:
- Between 2002 and 2012, the number of all women-owned firms has grown by 28.6%, slightly more than the 24.4% increase in all U.S. businesses. (Similarly, the number of $1M+ women-owned firms has grown by 30.7%, just over the 28.9% increase in all million-dollar firms.
- But, at the highest end of sales achievement, the number of $10M+ women-owned firms has grown by 56.6%—fully 47% higher than the 38.4% increase among all $10M+ firms.
- Over the past decade, the growth in the number of women-owned firms with $10 million or more in revenues has increased by 56.6%, a rate 47% faster than the rate of growth of all $10M+ firms and nearly twice (+98%) the rate of growth of all women-owned firms.
The full report is available here
~ Norris Lozano, CEO of BusinessUS, a California-based small business lender with women executives in several top leadership positions.