--- title: "Fact of the Week, June 25, 2001" url: https://womensbusinessresearch.com/jan-jun01 description: "Latina entrepreneurs in the U.S. acquired capital from a variety of sources in order to become business owners. Thirty-four percent (34%) used their personal savings." --- # Fact of the Week, June 25, 2001 Center Publication Center for Women’s Business Research ## January - June 2001 Latina entrepreneurs in the U.S. acquired capital from a variety of sources in order to become business owners. Thirty-four percent (34%) used their personal savings, 15% had commercial bank loans, and 31% relied on other lending sources. Only 6% of Latina business owners did not use any start-up capital. *From The Spirit of Enterprise: Latina Entrepreneurs in the United States, © NFWBO 2000, underwritten by Wells Fargo* **Fact of the Week, June 18, 2001** A clear majority of women in the United Kingdom (59%), but only 38% of the men are sole owners of their businesses. More than half of the male business owners (51%) but only 34% of the women own firms with one or two other owners. *From On the Move: Women and Men Business Owners in the United Kingdom, authored by Dr. Sara Carter and Ms. Susan Anderson, University of Strathclyde in collaboration with NFWBO, underwritten by IBM, 2001.* **Fact of the Week, June 11, 2001** Access to capital is a more important issue for women business owners than for men. Fifty-seven percent (57%) of women who own fast-growing firms and 50% of other women business owners indicate that access to capital for current business needs is either a very or extremely important current business issue. In contrast, less than half of the men business owners (46% of the men who own fast-growing firms and 44% of other men business owners) responded similarly. *From Entrepreneurial Vision in Action: Exploring Growth Among Women- and Men-Owned Firms, © NFWBO 2001, underwritten by FleetBoston Financial, Edward Lowe Foundation, and Kauffman Center for Entrepreneurial Leadership* **Fact of the Week, June 4, 2001** Institutional equity investors report that two-thirds (64%) of the proposals that they seriously consider come from referral networks, and that only one-third (36%) are unsolicited. Referred proposals come primarily from attorneys (45%), accountants and CPAs (33%), other equity investment firms (29%), and word of mouth (27%). *From Women Entrepreneurs in the Equity Capital Markets: The New Frontier, © NFWBO 2000, underwritten by Wells Fargo* **Fact of the Week, May 28, 2001** Nearly half (48%) of women business owners surveyed who currently volunteer began their voluntarism at a young age, either in their youth (40%) or adolescence (8%). In contrast, the majority of men business owners (52%) began volunteering for charitable causes as an adult, while 40% began before adulthood (33% as a youth and 7% as an adolescent). *From Leaders in Business and Community: The Philanthropic Contributions of Women and Men Business Owners, © NFWBO 2000, underwritten by Merrill Lynch* **Fact of the Week, May 21, 2001** Women owners of fast-growing businesses are more likely than other owners to consult with accountants regularly on business management and growth issues. Sixty percent (60%) of fast-growth women owners compared to 40% of other women owners consult with accountants; likewise, 44% of fast-growth men owners compared to 33% of other men owners consult with accountants. **Fact of the Week, May 14, 2001** The number of women-owned firms with employees grew six times faster than the national average from 1992 to 1997 (37% compared to 6%). Payroll in women-owned firms grew at almost twice the rate for all firms (46% compared to 25%). *From Women-Owned Businesses, 1997 Economic Census, Survey of Women-Owned Business Enterprises, U.S. Census Bureau, 2001* **Fact of the Week, May 7, 2001** Women business owners in the United Kingdom make more regular use of the Internet for business activities than do men entrepreneurs. Among computer users, 60% of women business owners and 52% of men business owners regularly use the Internet to communicate or send e-mail. Forty-one percent (41%) of women and 33% of men regularly use the Internet for downloading information or files. *From On the Move: Women and Men Business Owners in the United Kingdom, authored by Dr. Sara Carter and Ms. Susan Anderson, University of Strathclyde in collaboration with NFWBO, underwritten by IBM, 2001* **Fact of the Week, April 30, 2001** The owners of fast-growing firms are younger than the owners of other firms. Forty-four percent (44%) of the women owners of fast-growing businesses are under 45 years of age compared to only one-quarter (26%) of women owners of other firms. **Fact of the Week, April 23, 2001** Between 1992 and 1997, the number of women-owned firms increased two-and-a-half times faster than all U.S. businesses (16% compared to 6%). Employment in women-owned firms grew more than three times the rate for all firms (28% compared to 8%). **Fact of the Week, April 16, 2001** Women-owned businesses are growing in number and economic clout. Between 1992 and 1997, the number of women-owned firms increased 16%, employment expanded 28%, and revenues grew 33%. **Fact of the Week, April 2, 2001** Fast-growing businesses are not necessarily high-tech firms; among fast-growing firms surveyed, less than 20% are found in a high technology industry (IT, telecommunications, biotechnology, or life sciences). Furthermore, high-tech firms are not necessarily fast growth. However, women-owned high-tech firms are more likely to be fast-growing than men-owned high-tech firms; 48% of women-owned high-tech firms are fast growth, compared to 28% of men-owned high-tech firms. **Fact of the Week, March 26, 2001** Employment in women-owned firms in the United Kingdom has grown substantially in the past three years, and at a faster rate than in men-owned firms. In 1998, 28% of women-owned firms had no employees; by 2000, this number had dropped to 20%. During the same period, there was an increase in the number of women-owned firms in the 1 to 9 and 10 to 49 employment size categories. Employment in men-owned firms also increased in the past three years, but at a much lesser rate than in women-owned firms. **Fact of the Week, March 19, 2001** Women and men owners of fast-growing firms are more likely than other business owners to use certain types of credit and loans for business capital. While 56% of the women owners and 52% of the men owners of fast-growing firms utilize business credit cards, only 40% of women who own slower-growing firms and 39% of men who own slower-growing firms do so. **Fact of the Week, March 12, 2001** Women-owned firms are making an important contribution to the economy in the United Kingdom. It is estimated that there are more than 950,000 women-owned firms, representing 26% of all firms in the country. Women own firms in the traditional services and retail sectors, as well as the less traditional construction and manufacturing industries. **Fact of the Week, March 5, 2001** Women owners of fast-growing businesses are significantly more likely to use personal credit cards to meet their capital needs than are men owners of fast-growing firms (32% compared to 21%). Also, significantly fewer fast-growth women business owners have a commercial bank loan compared to men business owners (39% compared to 52%). **Fact of the Week, February 26, 2001** Women who own fast-growing businesses are more likely than women who own slower-growing firms to access a wide range of credit sources and to borrow to finance their firms. On average, women owners of fast-growing firms obtain capital from 4.2 different sources, while women who own slower-growing firms obtain capital from 3.4 various sources. **Fact of the Week, February 19, 2001** Almost half (45%) of women business owners with equity capital say they are using it to make capital improvements or purchase equipment for their businesses. One-third (33%) are using it to start their businesses, 30% are putting the money to use in research and development, and 28% are using it to expand their staff. **Fact of the Week, February 12, 2001** Access to capital has improved for women business owners. From 1992 to 1998, their use of credit cards dropped from 52% to 36%, and their use of business earnings to finance growth nearly doubled to 65%. Over half of women (52%) and men (59%) business owners had bank credit as of 1998. *From Capital, Credit and Financing: An Update Comparing Women and Men Business Owners’ Sources and Uses of Capital, © NFWBO 1998, sponsored by Wells Fargo* **Fact of the Week, February 5, 2001** Most Latina entrepreneurs are proud of their cultural heritage and consider it an asset. Two-thirds (64%) of Latina business owners consider their cultural heritage and background an asset in the business community, just 16% say it is mostly a challenge, and 7% say it is both. **Fact of the Week, January 29, 2001** Women are playing an important role in creating new companies in Argentina, as 49% of the companies owned by women are less than 5 years old and 22% are 6 to 10 years old. Among men-owned companies, 24% are less than 5 years old and 29% are 6 to 10 years old. *From Women Business Owners in Argentina: A Source of Economic Growth, 2000, prepared by Instituto APOYO in collaboration with CIPE, IBM, and NFWBO* **Fact of the Week, January 22, 2001** Women business owners with equity capital are most likely to receive it from informal investors and individual angel investors. Nearly three-quarters (73%) of women entrepreneurs with equity capital received an investment from informal investors, such as family members and friends. Likewise, 73% received equity capital from individual investors, such as angel investors, 25% report that corporate investors made investments in their firms, and 15% received funding from venture capital firms. **Fact of the Week, January 15, 2001** Women and men business owners are more likely to make philanthropic contributions when they believe in the cause, when the solicitor is polite, and when the solicitor demonstrates a need. At the top of the list of discouragements to giving is pushy solicitors; 42% of women and 32% of men entrepreneurs are discouraged by pushy behavior. **Fact of the Week, January 8, 2001** Regardless of the size of their businesses, women consistently employ a more gender-balanced workforce. Women-owned firms with under $250,000, $250,000 to $999,999, and $1 million or more in revenues all employ just over half women. Men-owned firms with under $250,000 in revenues employ 44% women, while employment of women declines to 37% for firms with $250,000 to $999,999 in revenues and 35% for firms with $1 or more in revenues. *From Business Owners and Gender Equity in the Workplace, © NFWBO 2000* **Fact of the Week, January 1, 2001** Women business owners who have obtained equity investments in their firms are more likely than those still seeking equity investments (50% compared to 39%) to work with outside consultants when putting together their proposals. Women entrepreneurs with equity investments are more likely to seek assistance from accountants, attorneys, and fellow business owners. ## Citation Center for Women’s Business Research. “Fact of the Week, June 25, 2001.” Washington, DC. [Research Summaries by Date](https://womensbusinessresearch.com/research/) · [Sitemap](https://womensbusinessresearch.com/sitemap/)