--- title: "Fact of the Week, June 30, 2003" url: https://womensbusinessresearch.com/jan-jun03 description: "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." --- # Fact of the Week, June 30, 2003 Center Publication Center for Women’s Business Research ## 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 with**Fortune 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. [Research Summaries by Date](https://womensbusinessresearch.com/research/) · [Sitemap](https://womensbusinessresearch.com/sitemap/)