Monday, March 3, 2008

Women-Owned Businesses

Women entrepreneurs unite! Women are the ones who are the biggest engines of growth in this country. A report by the Center for Women's Business Research shows that there are 10.4 million firms owned by women. These businesses generate $1.1 trillion in sales. And they are growing at twice the rate of all firms.

Not only that, women-owned firms without employees generated $167 billion in sales in 2004. This just shows how powerful self-employed women entrepreneurs can be.

I've worked with a number of women entrepreneurs over the years and can say that without a doubt, women tend to do their homework, work hard and make careful purchasing decisions. I also believe that lots of women have started their own businesses because they have more faith in themselves than typical employers tend to have in women employees.

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