Study: Women Owned Companies (Phillips, American City Business Journals 2011)
Note about The Woman Effect Research Index: This study was performed by researchers not affiliated with InPower Women. Our Research Index includes all relevant research to the subject of women, business and power. We do not influence how the research was conducted or reported by the researchers. In our abstracts, we focus on pulling out the most actionable advice for individual women. To suggest additional research we should index, or discuss our choice of abstract focus, please contact us
InPower Insight: TBD
One of the key findings of the study conducted is that women owned businesses are faster growing segment of the business market and this is most recognizable among small US companies. While minority owned businesses are increasing quicker, the number of women owned businesses with less than 500 employees easily surpasses that of minority owned. Nearly half of the companies with 1-4 employees is owned by women however, only 1/3 of businesses with 5-499 employees are owned by women. Women tend to have businesses that they can run from home and so their revenues are lower than their male counterparts. While women who own businesses tend to be younger than their male counterparts, being an average age of 48.5, their net worth is significantly less. On average women earn 884,000 dollars while men earn 1.4 million. Researchers explain that this may be attributed to the smaller scale of women owned businesses. The study also showed that the majority of women owned businesses are geared towards benefiting the society. 53 percent of their businesses have “green values”, 33% have active green policies, and 29% actively seek suppliers who show concern for the environment. It was also found that women are more independent decision- makers. Though they travel and work less than their male counterparts, women are more stressed.
Personal Coaching Tip: TBD
Keywords: Net Worth, Women Owned
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