Center Publication
Fact of the Week, June 28, 2004
January - June 2004
Women business owners are more risk tolerant than women and men in general when saving or investing for their households. Women entrepreneurs are even more likely to take financial risks when considering business decisions. Sixty-six percent (66%) are willing to take above average or substantial financial risks when saving or investing for their businesses.
Worth the Risk: Women Business Owners and Growth Capital, underwritten by OPEN: The Small Business NetworkSM from American Express
Fact of the Week, June 21, 2004
The top 10 states for growth in the number of privately-held, 50% or more women-owned firms, as of 2004, are:
1. Nevada (48.2% growth); 2. Utah (34.7%); 3. Georgia (32.1%); 4. Arizona (30.5%); 5. North Carolina (29.3%); 6. Florida (28.7%); 7. Idaho (28.2%); 8. South Carolina (28.0%); 9. Tennessee (27.9%); 10. Colorado (26.8%).
Women-Owned Businesses in 2004: Trends in the U. S. and 50 States, underwritten by Wells Fargo & Company
Fact of the Week, June 14, 2004
Women-owned firms with $1 million or more in revenue are less likely to be a franchise than men-owned firms with $1 million or more in revenue. Only 3.7% of the women-owned $1 million firms are a franchise, compared to 13.2% of the men-owned $1 million firms.
The Leading Edge: Women-Owned Million Dollar Firms, underwritten by AT&T and KeyBank
Fact of the Week, June 7, 2004
As of 2004, almost two-thirds (63%) of all women-owned businesses are privately-held, majority (51%) or more women-owned. That’s a total of 6.7 million firms, employing 9.8 million people, and generating $1.2 trillion in sales.
Women-Owned Businesses in 2004: Trends in the U.S. and 50 States, underwritten by Wells Fargo & Company
Fact of the Week, May 31, 2004
Between 1997 and 2004, privately-held 50% or more women-owned firms diversified into all industries with the fastest growth in the following areas: Construction (30% growth); Transportation, Communications, and Public Utilities (28% growth); Agricultural Services (24% growth).
Fact of the Week, March 22, 2004
Although women owners of firms with $1 million or more in revenue are as likely as their men counterparts to use business earnings for capital, they are less likely to use commercial credit (56% of women vs. 71% of men) and equity (4% of women vs. 11% of men).
Source: The Leading Edge: Women-Owned Million-Dollar Firms Underwritten by AT&T and KeyBank, January 2004
Fact of the Week, March 15, 2004
Fact of the Week: Women owners of $1 million-plus businesses are more likely than men owners of $1 million-plus businesses to have a Website that is capable of fulfilling online transactions (56% compared to 38%).
The Leading Edge: Women-Owned Million-Dollar Firms Underwritten by AT&T and KeyBank, January 2004
Fact of the Week, March 8, 2004
Despite the recent economic downturn, more than half (55.3%) of women-owned $1 million firms reported sales growth over the past three years.
The Leading Edge: Women-Owned Million-Dollar Firms underwritten by AT&T and KeyBank, January 2004
Fact of the Week, March 1, 2004
Women business owners of firms with $1 million or more in revenue are more likely to have had partners involved in starting or purchasing the business than other women business owners. Close to half (46.3%) of the women owners of firms with $1 million or more in revenue started their business with a partner compared to 30.4% of all other women business owners.
From “The Leading Edge: Women-Owned Million Dollar Firms,” Underwritten by KeyBank and AT&T, February 2004.
Fact of the Week, February 23, 2004
When looking for qualified women or minority business enterprise suppliers 73% of corporate purchasing executives report relying primarily on their own internal supplier database, 64% rely on the National Minority Supplier Development Council (NMSBC), 46% rely on referrals from other corporate purchasing agents, the Women’s Business Enterprise National Council (45%); and responses to open bidding (32%).
Access to Markets: Perspectives from Large Corporations and Women’s Business Enterprises commissioned by Women’s Business Enterprise National Council, Women Entrepreneurs’ Connection, FleetBoston Financial and Ewing Marion Kauffman Foundation, January 2003
Fact of the Week, February 16, 2004
Women-owned $1 million firms tend to serve large and sophisticated markets. About one-third (33.7%) indicate that large corporations are a part of their primary market and approximately 15% of women-owned $1 million firms serve international markets.
Fact of the Week, February 9, 2004
Women-owned $1 million firms are more likely than smaller women-owned firms to produce balance sheets (95% vs. 68%); income statements (93% vs. 74%) and cash flow statements (74% vs. 51%).
Fact of the Week, February 2, 2004
Privately-held, majority women-owned $1million firms contribute significantly to the economy both as revenue generators and employers. Over 15% of these firms generate at least $5 million in annual sales, with 6% above the $10 million mark. Over one-third (28.7%) of these women-owned firms have 25 or more employees, with nearly 6% employing 100 or more.
Fact of the Week, January 26, 2004
About half (53%) of women business owners are motivated primarily to make financial contributions through their businesses by a feeling of social responsibility. Among women entrepreneurs, 53% say that nearly all or most of their businesses’ philanthropy is related to social responsibility, 36% say it is evenly divided between social responsibility and business interests and 8% say it is most or nearly all related to business interests.
Leaders in Business and Community: The Philanthropic Contributions of Women and Men Business Owners underwritten by Merrill Lynch, November 2000
Fact of the Week, January 19, 2004
Almost half (44%) of the women’s business enterprises surveyed say that certification was somewhat or very helpful in getting business with corporations and over half (56%) reported that being certified made a positive difference in finalizing a contact.
Access to Markets: Perspectives from Large Corporations and Women’s Business Enterprises commissioned by, the Women’s Business Enterprise National Council, Women Entrepreneurs’ Connection, FleetBoston Financial, and Ewing Marion Kauffman Foundation, January 2003
Fact of the Week, January 12, 2004
The age profile of women-owned firms is maturing. At the end of 2000, nearly thirty-eight percent (37.7%) of women-owned firms had been in business for 12 or more years, in contrast to 31.5% in 1997.
Removing the Boundaries: The Continued Progress and Achievement of Women-Owned Enterprises underwritten by, Wachovia Corporation with cooperation of Dun & Bradstreet, November 2001
Fact of the Week, January 5, 2004
Women-owned businesses are making their mark in ‘non-traditional’ industries. As of 2002, women own 17.6% of all construction firms with employees, 15.2% of all manufacturing firms with employees and 21.1% of all firms with employees in transportation, communications, and public utilities.
Facts on Women-owned Businesses in 2002: Trends in the U.S. and 50 States, underwritten by Wells Fargo, December 2001
Citation
Center for Women’s Business Research. “Fact of the Week, June 28, 2004.” Washington, DC.