Center Publication
Fact of the Week, June 30, 2003
January - June 2003
Three-quarters of women (75%) and men (74%) business owners who use the Internet purchase online, while only half (52% and 51% respectively) sell online.
Source: Online and In Focus: How Women and Men Business Owners Use the Internet, Underwritten by Wells Fargo, October 2001
Fact of the Week, June 23, 2003
Women business owners who reported having equity investment in their firms were most likely to have investments from individuals (73%) and/or informal (73%) investors, and less likely to have corporate (25%) or venture capital (15%) investors.
Source: Women Entrepreneurs in the Equity Capital Markets: The New Frontier, Underwritten by Wells Fargo, July 2000
Fact of the Week, June 16, 2003
Between 1997 and 2002, the Center estimates that the number of privately-held majority or 50% women-owned businesses grew by 11% or more than 1 ½ times the rate of all privately-held firms. (6%).
Source: Completing the Picture: Equally-Owned Firms in 2002 Underwritten by Pitney Bowes Inc., Wells Fargo, NAWBO, Philadelphia Chapter, April 2003
Fact of the Week, June 9, 2003
As of 2002, privately held firms which are majority owned by women of color in the U.S. employ over 822,000 people and generate $100.6 billion in sales.
Source: Minority Women-Owned Businesses in the United States, December 2001, underwritten by The Kauffman Center for Entrepreneurial Leadership
Fact of the Week, June 2, 2003
Women business owners selling to large corporations report facing numerous challenges in marketing their goods and services. Fully seven in ten (70%) state that finding out about available projects or being notified to bid on contracts was an important challenge.
Source: Access to Markets: Perspectives from Large Corporations and Women’s Business Enterprises, January 2003, Commissioned by Women’s Business Enterprise National Council, Women Entrepreneurs’ Connection, FleetBoston Financial and Ewing Marion Kauffman Foundation.
Fact of the Week, May 26, 2003
High net worth women place a higher value on trust and qualifications when selecting an investment advisor than do men. Fully, 93% of women say its important to feel confident that the advisory is “acting in your best interest, not theirs,” compared to 83% of men.
Source: Active and Engaged: The Investment Goals and Strategies of High Net Worth Investors, November 2002, Underwritten by Goldman, Sachs & Co.
Fact of the Week, May 19, 2003
Approximately one in seven U.S. employees is employed by privately held majority or 50% women-owned firms
Source: Completing the Picture: Equally-Owned Firms in 2002, April 2003, Underwritten by Pitney Bowes Inc., NAWBO, Philadelphia Chapter, and Wells Fargo
Fact of the Week, May 12, 2003
As of 2002, there are an estimated 3.9 million privately held firms equally owned by women and men in the United States. These firms represent 18% of all privately held firms.
Fact of the Week, May 5, 2003
As of 2002, there are an estimated 10.1 million privately held majority or 50% women-owned businesses generating 18.2 million jobs and contributing more than $2.3 trillion in sales to the economy.
Source: Completing the Picture: Equally-Owned Firms in 2002, April 2003, Underwritten by Pitney Bowes Inc., NAWBO, Philadelphia Chapter,and Wells Fargo
Fact of the Week, April 28, 2003
Fully nine in ten (91%) women business enterprises, both those who are currently marketing to Fortune 1000 companies and those who are not, expect to be doing business withFortune 1000 companies over the next three to five years.
Source: Access to Markets: Perspectives from Large Corporations and Women’s Business Enterprises, January 2003, Commissioned by Women’s Business Enterprise National Council, Women Entreprenuers’ Connection, FleetBoston Financial, Ewing Marion Kauffman Foundation
Fact of the Week, April 21, 2003
The rate of growth in the largest women-owned firms--those with the highest revenues and the most employees--exceeds the industry average in every major industry group. The growth in the number of women-owned firms with $1 million or more in revenues between 1997 and 2000 is highest in finance/insurance/real estate (61.8%), services (43.4%), agriculture/forestry/fishing (36%), and construction (32.3%).
Source: Removing the Boundaries: The Continued Progress and Achievement of Women-Owned Enterprises November 2001 Underwritten by Wachovia Corporation with the cooperation of Dun & Bradstreet
Fact of the Week, April 14, 2003
The number of firms with 500 or more employees increased 124% between 1997 and 2000, nearly three times as fast as all businesses of the same size and nine times as fast as all women-owned businesses.
Source: Removing the Boundaries: The Continued Progress and Achievement of Women-Owned Enterprises, November 2001 Underwritten by Wachovia Corporation with the cooperation of Dun & Bradstreet
Fact of the Week, April 7, 2003
In 2000, 73% of all women-owned enterprises had been in business three or more years compared to 62% in 1997.
Fact of the Week, March 31, 2003
Just over one in 18 adult women in the U.S. is a business owner. Across the nation, 5.7% of all adult women are entrepreneurs.
Source: Women Business Ownership Rates by State, 2002
Fact of the Week, March 24, 2003
Fifty-three (53%) of both women and men surveyed say they are the primary decision-maker When making investment decisions, and they spend the same amount of time on investing activities-women average 11.1 hours per month and men spend 10.7 hours.
Source: Active and Engaged: The Investment Goals and Strategies of High Net Worth Investors. Underwritten by Goldman, Sachs & Co.
Fact of the Week, March 17, 2003
The number of women-owned firms with $10 million or more in revenues has grown by 36.8% during the period--over two and half times the rate of all women-owned firms and nearly triple the 12.7% growth among all firms with $10 million or more in revenues.
Source: Removing the Boundaries-The Continued Progress and Achievement of Women-Owned Enterprises. Underwritten by Wachovia Corporation with the cooperation of Dun & Bradstreet. November 2001.
Fact of the Week, March 10, 2003
Fifty-six percent (56%) of the revenues of women’s business enterprises with $1 million or more in sales came from large corporations, and 40% of the revenues of companies with revenues below $1 million.
Source: Access to Markets: Perspectives from Large Corporations and Women’s Business Enterprises, conducted by Center for Women’s Business Research and commissioned by the Women’s Business Enterprise National Council (WBENC), Women Entrepreneurs’ Connection at FleetBoston Financial and the Ewing Marion Ka
Fact of the Week, March 3, 2003
The number of women-owned firms with 500 or more employees increased by 124.3% during the 1997-2002 period, 9 times as fast as all women-owned firms and nearly triple the 45.8 % growth among all firms with 500 or more employees.
Fact of the Week, February 24, 2003
Nearly one-third (30%) of minority women-owned firms are owned by African American women.
Source: Minority Women-Owned Businesses in the United States, The Kauffman Center for Entrepreneurial Leadership. December 2001.
Fact of the Week, February 17, 2003
African-American women-owned firms number more than 365,000, provide employment for nearly 200,000 people and generate $14.5 Billion in sales nationwide.
Source: Minority Women-Owned Businesses in the United States, 2002 The Kauffman Center for Entrepreneurial Leadership. December 2001.
Fact of the Week, February 10, 2003
The top challenges cited by third-party certified women’s business enterprises in doing business with Fortune 1000 corporations include: learning about opportunities (70%); reduction in the number of opportunities due to bundling of smaller contracts into fewer large contracts (50%); and the increasing need for corporate cost cutting (45%).
From: Access to Markets: Perspectives from Large Corporations and Women’s Business Enterprises, Center for Women’s Business Research, 2003, commissioned by Women’s Business Enterprise National Council, Women Entrepreneurs Connection of FleetBoston Financial and Ewing Marion Kauffman Foundation
Fact of the Week, January 27, 2003
Over half (52%) of Latina entrepreneurs have multiple generations living within their households, compared to 43% of both Asian and Caucasian women entrepreneurs, and 34% of African American women entrepreneurs.
From Women Business Owners of Color: New Accomplishments, Continuing Challenges, © 2002 Center for Women’s Business Research, underwritten by Wells Fargo.
Fact of the Week, January 19, 2003
African American women business owners are much more likely than other women business owners to have altruistic goals in business ownership. Ninety-two percent (92%) cite “being a role model” as a goal and 83% say “making a difference in their communities through business ownership” is a goal.
From: Women Business Owners of Color: New Accomplishments, Continuing Challenges, Center for Women’s Business Research, 2002, underwritten by Wells Fargo
Fact of the Week, January 12, 2003
Texas ranks 3rd overall in the number of women-owned firms (among the 50 states and Washington, DC in 2002), and 32nd in the growth in the number of women-owned firms between 1997 and 2002.
From Women-Owned Businesses in 2002: Trends in the U.S. and 50 States, © 2002 Center for Women’s Business Research with the help of the U.S. Bureau of the Census, underwritten by Wells Fargo.
Fact of the Week, January 5, 2003
While 57% of Latina business owners believe that they are respected most of the time by other business owners within their ethnic community, less than half (46%) believe that Latino business owners respect them most of the time. Likewise, only 47% of Latina business owners feel that the male business owners within their industry respect them most of the time.
Citation
Center for Women’s Business Research. “Fact of the Week, June 30, 2003.” Washington, DC.