Center Publication

Fact of the Week, December 29, 2002

Center for Women’s Business Research

July - December 2002

Ninety percent (90%) of both women and men investors use at least one advisor and, on average, use three different advisors to help them make investment decisions. Women with higher levels of investable assets – $500,000 or more – are most likely to turn to multiple advisors – an average of 3.2 compared to just 2.4 among men.

Fact of the Week, December 22, 2002

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 it is important to feel confident that the advisor is ‘acting in your best interest, not theirs.

Fact of the Week, December 15, 2002

When making their most recent portfolio decisions, both women and men investors were more likely to have made a change based on a regular investment review rather than in response to market concerns. Analysis of past or projected performance is among the top two or three factors cited by 61% of both women and men in making an investment.

Fact of the Week, December 8, 2002

Women and men are equally likely to say they know most or everything they need to know about making investment decisions – 40% of women and 37% of men. They are also just as likely – 60% of women and 63% of men – to report that they only know some or very little of what they need to know to make good investment decisions.

Fact of the Week, December 1, 2002

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.

Fact of the Week, November 24, 2002

New York ranks 2nd overall in the number of women-owned firms (among the 50 states and Washington, DC in 2002), and 28th in the growth in the number of women-owned firms between 1997 and 2002.

Fact of the Week, November 17, 2002

In 2002, Latina business owners are more likely to have started their firms on a full-time basis compared to 1998 (80% compared to 65%).

Fact of the Week, November 10, 2002

Across ethnic groups, the majority of women entrepreneurs have similar business goals and objectives: increasing revenue and employment, being a role model for others, and making a difference in their communities.

Fact of the Week, November 3, 2002

Business growth is the most pressing issue among women business owners of all ethnicities – 32% of African American, 25% of Caucasian, 24% of Latina, and 23% of Asian women business owners mention it as their top issue concern.

Fact of the Week, October 27, 2002

Latina entrepreneurs today are more likely to have used start-up capital. In 2002, only 5% of Latina business owners did not use start-up capital compared to 14% in 1998.

Fact of the Week, October 20, 2002

Women entrepreneurs, regardless of racial or ethnic background, have experienced recent growth in their businesses. Nearly two-thirds (64%) of Caucasian women, 55% of Asian women, 54% of African American women, and 52% of Latina business owners say that their businesses have grown over the past three years.

Fact of the Week, October 14, 2002

California ranks 1st overall in the number of women-owned firms (among the 50 states and Washington, DC in 2002), and 47th in the growth in the number of women-owned firms between 1997 and 2002.

Fact of the Week, October 7, 2002

As of 2002, there are an estimated 186,711 majority-owned, privately-held women-owned firms in Chicago, IL, accounting for 31% of all privately-held firms in the metropolitan area. Chicago ranks 2nd among the top 50 metropolitan areas in the number, employment and sales of women-owned firms.

Fact of the Week, September 30, 2002

As of 2002, there are an estimated 213,759 majority-owned, privately-held women-owned firms in Los Angeles-Long Beach, CA, accounting for 28% of all privately-held firms in the metropolitan area. Los Angeles-Long Beach ranks 1st among the top 50 metropolitan areas in the number, employment and sales of women-owned firms.

Fact of the Week, September 23, 2002

As of 2002, there are an estimated 230,765 majority-owned, privately-held women-owned firms in New York City, accounting for 27% of all privately-held firms in the metropolitan area. New York City ranks 3rd among the top 50 metropolitan areas in the number, employment and sales of women-owned firms.

Fact of the Week, September 15, 2002

Most businesses in the U.S. are quite small, having no employees other than the owner. Seventy-eight percent (78%) of all firms have no employees, as do 87% of majority-owned, privately-held women-owned businesses.

Fact of the Week, September 9, 2002

Thirteen percent (13%) of majority-owned, privately-held women-owned firms generate $100,000 or more in revenue and 113,000 firms have over $1 million in annual revenue.

Fact of the Week, September 2, 2002

Fact of the Week, August 26, 2002

Nationwide, nearly 9,000 majority-owned, privately-held women-owned firms have 100 or more employees.

Fact of the Week, August 19, 2002

The greatest growth by industry in the number of minority women-owned firms from 1997 to 2002 has come in the services industry (33% growth), followed by transportation/communications/public utilities (21%) and agriculture (7%).

Fact of the Week, August 12, 2002

In every region of the country -- with the exception of West North Central (Iowa, Kansas, Minnesota, Missouri, North Dakota, Nebraska, South Dakota) -- the rate of growth in the number of women-owned firms exceeds the regional growth rate among all firms.

From Removing the Boundaries: The Continued Progress and Achievement of Women-Owned Enterprises, © 2001 Center for Women’s Business Research, underwritten by Wachovia Corporation with the Cooperation of Dun & Bradstreet.

Fact of the Week, August 5, 2002

Similar to all women-owned firms, more than one-half of firms owned by women of color (58%) are in the service sector, 11% are in retail trade and 4% are in goods-producing industries.

Fact of the Week, July 29, 2002

States with the highest rates of business ownership, both among women and overall, are clustered in the Mountain and Northeast regions of the U.S. The ten states with the highest rates of women’s business ownership are: Alaska; Colorado; Montana; Vermont; Wyoming; Oregon; Utah; Idaho; Maine; and New Mexico.

Fact of the Week, July 22, 2002

Rates of business ownership among women vary significantly across the country, from a high of 9.4% in Alaska to a low of 4.0% in Mississippi.

Fact of the Week, July 15, 2002

More than one out of every 18 women in the U.S. is a business owner, comprising 5.7% of the U.S. adult population.

Fact of the Week, July 8, 2002

On average, majority-owned privately-held women-owned firms employ 1.3 workers per firm. Among the 113,000 women-owned firms with $1 million or more in revenue, average employment per firm is 41.6 workers.

Source: Census Bureau.

Fact of the Week, July 1, 2002

As of 1992, 19% of all women-owned businesses used $10,000 or more to start their businesses and 8% borrowed $50,000 or more. In 1982, 15% of all women-owned businesses used $10,000 or more to start their businesses, with 4% borrowing $50,000 or more.

Citation

Center for Women’s Business Research. “Fact of the Week, December 29, 2002.” Washington, DC.

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