Business Women – Statistics

FEMALE ENTREPRENEURS AND WOMEN IN BUSINESS – STATISTICS

100 Women, AFR Women, 100women, Woman Of Influence

This is a collection of interesting statistics of female entrepreneurs and women owned businesses. They have been listed here to make your job easier when you need a key statistic for your blog or online article. Please reward the time and effort investment by linking back to this page as the source. All hyperlinks reveal the original article or report so that if one of your readers wants to access it, he or she can with the added benefit of the other statistics stated here.

Click on the hyperlink for Forbes Magazine’s List Of The Top 20 Jobs For Women in 2013 or the list of the Top 30 Australian Female Entrepreneurs for 2014. The link to this list was supplied to us by Ray Keefe of Successful Endeavours in Casey, Victoria where Women Make It Work!

 

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If you would like to contribute additional statistics, please submit them via a blog comment below. Additional statistics will be added so if you’re interested in women in business, please bookmark this page and come back and visit from time to time.

  • The vast majority (83%) of women business owners are involved personally in selecting and purchasing technology for their businesses.
  • Women business owners’ top concerns about technology are the protection and security of data, ie: • Security of internet purchase:  82%, • Computer viruses:  81% , • Protecting business data: 77%, • General system failure:  73%.
  • Women business owners value technology as a means to create workplace flexibility: • 61% use technology to integrate the responsibilities of work and home and• 44% use technology to enable employees to work offsite or to have flexible work schedules.
  • Women business owners embrace financial measurements with revenues of $1 million or higher as management tools and produce more financial reports more often.
  • Women and men business owners are equally concerned about price when selling their business.
  • Women owners are more concerned than their men counterparts about the buyer’s identity, personality, and background, (72% vs. 39%), the buyer’s plans for the business, (79% vs. 52%), plans for current employees (86% vs. 61%) when planning to sell.
  • Women owners intend to hand over their business to a daughter or daughters which is nearly twice as likely as men business owners (37% vs. 19%).
  • More than two-thirds (67%) of women business owners choose financial products and services based on their relationship and experience with a lender.
  • Women business owners face risk with most (66%) of them being prepared to take above average or substantial risks for business investments.
  • Business women represent more than 1/3 of all people involved in entrepreneurial activity.
  • Between 1997 and 2002, women-owned firms expanded by 19.8 percent while all U.S. firms grew by seven percent.
  • Women-owned firms accounted for 6.5 percent of total employment in U.S. firms in 2002 and 4.2 percent of total receipts.
  • The number of women-owned firms continues to grow at twice the rate of all U.S. firms (23 percent vs. 9 percent). There are an estimated 10 million women-owned, privately-held businesses in the U.S. The greatest challenge for women-owned firms is access to capital, credit and equity. Women start businesses on both lifestyle and financial reasons. Many run businesses from home to keep overhead low.
  • More women seek business advice than compared to men —69 percent women vs. 47 percent men.
  • 12 of the companies recognized this year on the Fortune 500 list were businesses lead by women with one of those companies broke into the top 50.
  • In Australia, a female CEO earns two-thirds the salary of her male counterpart.
  • Australian Bureau of Statistics, which revealed that as at May 2007, women’s average weekly earnings were just 83.6% of men’s average weekly earnings, constituting a gender pay gap of 16.4%.
  • In the Democratic Republic of Congo, consent is needed from a husband (or of a judge if single) for married women to start a business.  The result: only 18 percent of small businesses are run by women in the DRC.
  • Nationally, U.S. business women earn 77 cents for every $1 men earn.
  • In the U.S., 46% of business women represent the nation’s workforce but hold just over 6% of the highest-paying positions in the largest 500 companies, according to Catalyst, a nonprofit research and advisory group.
  • The Asian and Pacific region loses US$ 42-47 billion per year due to restrictions on women’s access to employment opportunities and US$16-30 billion a year as a result of gender gaps in education.
  • In the U.S., a small group of women represent the system of government with only 16 percent of Congress, 18 percent of governors, and 16 percent of top U.S. corporate leaders.
  • In America, 56% of the $1 million-plus women business owners can fulfill transactions online via company websites, vs. 38% of such enterprises owned by men.
  • For the first time in six years, the U.S. economy tops health care as the No. 1 issue affecting women business owners.
  • Men are more vulnerable to layoffs than women employees receiving layoffs, mainly because they predominate in industries that are walloped in downturns, particularly manufacturing.
  • In the past 15 years, there has been a 50 per cent increase in the number of self-employed women in Canada, andthe number of women-run businesses is rising 60% faster than those run by men.
  • In Canada, married business women cover 70% of the workforce and nearly a third of them have children under the age of 12.
  • The Consumer Electronics Association estimates that business women purchase close to half of all electronics.
  • Elite Arab businesswomen are making headway. Yet, advocates say many rural women need more education and work opportunities to cope with the region’s unrest and hardship.
  • Women long have been involved in the business life of the Gulf region.  Well before the discovery of oil, embroidery, tailoring and tending gardens were done by women to support their households.  When men went to sea to work in the pearling industry, women stayed behind to run the fish markets and tend the shops.
  • The Minister reported that Kuwaiti women make up more than 50 percent of the Kuwaiti population and 56 percent of the voters. They make up 24.5 percent of business women in the workforce and more than 40 percent of the Kuwaiti workforce.

 

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  • In Saudi Arabia, the government is creating jobs for women as part of a strategy to diversify its economy away from oil, as the Arab world’s combined GDP stands at $531 billion less than that of Spain. Arab business women can help generate wealth and applaud enterprises for private business significantly.
  • Women hired informally are three times more likely to go through this process than men and lack of mobility can also constrain their economic opportunities.
  • According to the Center for Women’s Business Research more (American) young women have recently founded companies than men that have grown to $1 million in revenue.
  • In Europe, few of the most influential business women in major companies have followed the traditional path of slowly getting there.
  • The average annual base salary for female creative directors is $4,000 less than that for men, according to a study by the National Association for Female Executives.
  • To be more successful, women business owners (43% vs. 32% of men) say the one thing they need to be more successful is money.
  • 94% of corporations send supplier diversity representatives to women’s business conferences and trade fairs.
  • 71% of women business owners are going green within their companies by changing their products or their company policies.
  • Small businesses employ half of all private-sector employees, and women-owned businesses generate $1.9 trillion in sales and employ 12.8 million people alone.
  • Immigrant women are starting businesses in the United States at a far higher rate than native-born women, according to a report by Intuit released this week.
  • Due to advancements in women’s rights and education, more Hispanic business women are progressing to the top of the corporate, government, and academic hierarchy than ever before. Hispanic females are serving on Fortune 500 boards, leading elite universities, and building multimillion dollar companies.
  • Women assistant professors and other ranks within universities comprise of just 19 percent of tenure-track professors in math, 11 percent in physics, 10 percent in computer science, and 10 percent in electrical engineering.
  • The U.S. federal government’s 8a procurement program gives women entrepreneurs (company has to be 51% owned by women) a leg up in bidding. Having the status in the construction or trucking industry can make a big difference in Alaska, where federal contracts on military bases and for infrastructure projects add up to billions of dollars.
  • Women-focused business associations and incubators have discovered that women often launch businesses that evolve out of their lifestyles or career experiences.
  • Canadian business women seek external financing in all divisions except for external equity capital.
  • Women develop into business owners quite frequently in the U.S. because it provides a way to balance career and family needs.
  • Women generate varieties of businesses from men and they fund them differently – usually through hard work and organic growth rather than venture capital infusion.
  • In the United Kingdom, research from the Global Entrepreneurship Monitor at London Business School has found that the decline in farming and increased availability of broadband internet in rural areas have encouraged some 6.6% of women to create their own businesses in the countryside, compared to just 3.6% of women in urban areas.

While women’s leadership styles are often more effective than men’s for motivating and inspiring people, women often become stymied by reluctance to take risks, rescuing and mothering problem people, getting mired down in details or “process”, and displaying emotions too openly.EskaeWomenBizBanner

  • The U.S. Federal government spent a record-setting $11.6 billion with women-owned small businesses in fiscal year 2006, accounting for 3.4% of dollars spent last year.
  • The U.S. Small Business Administration’s Office of Advocacy today released a study that examines why women are emerging as a fast-growing sector of new small business owners.  The study, Human Capital and Women’s Business Ownership, which focused on women who were self-employed and held only one job, found that self-employed women have more education and increased their educational attainment at a faster rate compared to other working women.
  • Amongst all age groups, the least entrepreneurial women are within the 18-24 age groups in the U.K. and just one quarter as entrepreneurial as their male counterparts.
  • There are specific business loans created for women. In some of these loans, applications will focus on your character, credit, experience and reliability rather than assets. These loans can be for as much as $250,000 or more. – There are also loans specifically created for women with young children who wish to create a business within the home.
  • Female leadership within family businesses is going to affect a wide swath of the economy. According to a Citigroup report, families own or control 90% of U.S. businesses. They also employ half of all workers.
  • Annually, the U.S. Department of Defense awards prime contracts to Women Owned Small Businesses (WOSB) within the U.S., nearing $2 billion and $2.4 billion in subcontracts.
  • Nearly 10.4 million women owned businesses generate $1.9 trillion in sales (50% or more), employing more than 12.8 million people.
  • In Connecticut, women-owned businesses produced more than $26 billion in sales in 2006 and employed at least 141,000 people.
  • Because of their longer life span, business women’s retirement plans should also include long-term care insurance.
  • The quantity of women-owned businesses in the top 50 metropolitan statistical areas (MSAs) continues to grow faster than the economy in general, employing 9.5 million people and generating $1.3 trillion in annual sales.
  • Two-thirds of female business executives exercise regularly. This is close to double the percentage of the general population.
  • Almost 60 percent of all women work outside the home, a marked departure from the 1950′s when almost no women did.
  • 122 (more than 30%) of California’s 400 largest public companies have no women in a top executive position or on the board of directors.
  • By 2010 business women will encompass the majority of wealth in America.
  • 72% of women business owners have invested in stocks, bonds and mutual funds; 58% of women employees have invested.
  • In MLB, 1% of radio and TV broadcasting positions are held by women, 6% in the NBA and none of the positions with the NFL and MLS.
  • 86% of women business owners utilize the same products and services in the home and in their businesses; 68% of them say they do so consciously; 32% of them say it just works out that way.
  • In order to climb the corporate ladder, Latina executives agree advanced networking skills is required along with working hard and excelling at your job.
  • Nearly one third (32%) of Hispanic female executives have faced workplace discrimination based on their Hispanic ethnicity.
  • 3% of all women-owned firms result in revenues of $1 million or morecompared with 6%of men-owned firms.
  • 55% of mothers in the work force have infant children.
  • During the 2005-2006 season, 41% of women held professional positions in the NBA league office. This declined by 1% from the previous year but was still higher than any other men’s professional league in any previous Report Card. The NBA also posted the highest percentage among the men’s leagues of female vice presidents; during the 2005-2006 season women occupied 18% of all team vice president positions.
  • In 2002, 33 female sports agents were licensed by the NFL, compared to just eight for the NBA and MLB (none for the NHL).
  • In 2005, among the 13 WNBA basketball teams, there were only five female head coaches and 17 female assistant coaches.
  • The Association for Women in Sports Media reported that in 1991, there were fewer than 50 women working as sportscasters out of 630 affiliate stations. According to USA Today, three major networks and nine cable networks employed 127 women in on-air sports positions in 2003. According to the Associated Press Sports Editors Association, the percentage of women in sports departments rose from 6% in 1991 to 13% in 2001. However, just two of 50 newspaper sports departments surveyed had a woman working as a sports editor. The Associated Press Sports Editors Association has only 24 female members out of 641 members’ total.

At the 2004 Olympic Games, 16.6% of the accredited journalists covering the events were female. The highest contingent of female reporters was from Oceania (22%), the Americas (18.81%) and Europe (18.3%).EskaeWomenBizBanner

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