Center Publication
Fact of the Week, December 29, 2003
July - December 2003
Although the majority of Fortune 1000 corporations spend in excess of $1billion to purchase outside goods and services annually, women’s business enterprises receive only 3% of these dollars
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, December 22, 2003
The desire for independence is a key motivating factor for women business owners when starting a business. In fact, when asked, 45% said they were motivated by independence.
Seizing the Opportunities: A Report on the Forces Propelling the Growth of Women-Owned Enterprises underwritten by Wells Fargo, June 2003
Fact of the Week, December 15, 2003
The number of women’s business enterprises with 1st tier contracts has decreased from 80% to 74% in the past three years. At the same time, the number of women’s business enterprises with 2nd tier contracts has increased from 18% to 22%.
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, December 8, 2003
Women business owners are less patient as consumers than other working women. They are more likely to want to get in and out of stores quickly (67% compared to 56%); more likely to buy items only when needed (54% compared to 40%) and less likely to say they love shopping (27% compared to 38%).
Women Business Owners as Consumers: Transforming the Marketplace, underwritten by AT&T and the Principal Financial Group, December 1999
Fact of the Week, December 1, 2003
Women who have started or acquired their firms within the past decade or two are more likely to have achieved higher levels of education. Fully 45% of women who have become business owners within the past decade have at least a bachelor¡¦s degree, compared to just 26% of those who have been in business for 20 years or more.
The New Generation of Women Business Owners: An Executive Report prepared for First Union, August 2001
Fact of the Week, November 24, 2003
While equally-owned firms comprise 18% of all privately-held firms, they are much more prevalent in industries such as retail (26%), mining (25%), wholesale trade (21%), and manufacturing (21%). However, they are relatively under-represented in the service sector, comprising only 15% of the total.
Completing the Picture: Equally-Owned Firms in 2002 underwritten by Pitney Bowes Inc., Wells Fargo, and NAWBO Philadelphia Chapter, April 2003
Fact of the Week, November 17, 2003
Seventy-six percent (76%) of both women and men business owners give financial support to charities through their businesses. At the high end 9% of women business owners and 11% of men owners contribute $10,000 or more each year to charitable organizations as a business donation.
Leaders in Business and Community: The Philanthropic Contributions of Women and Men Business Owners underwritten by Merrill Lynch, November 2000
Fact of the Week, November 10, 2003
One avenue for breaking into the equity financing network is attendance at venture capital fairs or forums. Nearly one-quarter (23%) of women business owners with equity capital say that they found funding institutions at such events.
Women Entrepreneurs in the Equity Capital Markets: The New Frontier underwritten by Wells Fargo, July 2000
Fact of the Week, November 3, 2003
Women and men business owners who contribute the most financially also volunteer the greatest number of hours. Women owners who make personal contributions of $10,000 or more per year volunteer an average of 22.4 hours per month, while men at this level of giving volunteer an average of 18.2 hours per month.
Fact of the Week, October 27, 2003
High net worth women and men investors have similar investment goals. Achieving and maintaining a comfortable lifestyle tops the list of goals, with nearly nine in ten investors surveyed (86% of women and 87% of men) stating that achieving and maintaining a comfortable lifestyle is either very or extremely important when it comes to investing.
Active and Engaged: The Investment Goals and Strategies of High Net Worth Investors underwritten by Goldman, Sachs & Co. November 2002
Fact of the Week, October 20, 2003
Growth-oriented women and men business owners (44% each) are more likely to have a Web site for their businesses than other women and men business owners ((30% and (31%). Among those firms with Web sites, the businesses owned by growth-oriented women are more likely than those owned by growth-oriented men to have an online transaction capability ((59% vbs. (40%, respectively)
Entrepreneurial Vision in Action: Exploring Growth Among Women- and Men-Owned Firms underwritten by FleetBoston Financial, The Edward Lowe Foundation, The Kauffman Center for Entrepreneurial Leadership February 2001
Fact of the Week, October 13, 2003
Women-owned businesses in the top 5 growth states, compared to the other 45 states and the District of Columbia are on average, somewhat less likely to be in services (46.5% compared to 48.7%) and agriculture (3.8% compared to 4.3%). They are more likely to be found in finance, real estate and insurance. (9.1% compared to 7.8%), wholesale trade (4.3% compared to 3.6%) and other industries (11.9% compared to 10.8%)
Location, Location, Location: Top States for Women’s Entrepreneurship underwritten by Wells Fargo & Company, September 2003
Fact of the Week, October 6, 2003
The top five states for women’s business growth receive more SBA loan dollars. In 2002, the top five growth states received an average of $69.82 per capita in U.S. Small Business Administration 7(a) or 540 loans, compared to an average of $46.81 per capita across all other states.
Source: Location, Location, Location underwritten by Wells Fargo & Company, September 2003
Fact of the Week, September 29, 2003
The top five states for growth in women’s entrepreneurship are growing at twice the rate of the rest of the country and they all share the characteristics of overall business growth and market expansion, a greater than average degree of federal financial support for small business, higher than average population growth, lower than average wages, lower than average employment of women in professional and managerial positions, and an overall state tax structure that relies more on sales taxes as a source of revenue and less on personal income or corporate taxes.
Source: Location, Location, Location underwritten by Wells Fargo, September 2003
Fact of the Week, September 22, 2003
Between 1997-2002, the Center for Women’s Business Research estimates that the top five states for growth and expansion in privately-held, majority women-owned businesses were 1) Idaho and Wyoming (tied) 3) Utah 4) Nevada 5) Arizona.
Fact of the Week, September 15, 2003
Nearly half (47%) of all African American women business owners say they have encountered obstacles or difficulties when trying to obtain business financing in the past, compared to just 28% of Caucasian women business owners, 27% of Latina women business owners, and 22% of Asian women business owners. Thus, access to capital remains an issue of great concern to African American women business owners.
Source: Women Business Owners of Color: New Accomplishments, Continuing Challenges, underwritten by Wells Fargo, October 2002
Fact of the Week, September 8, 2003
Women with “fast-growth” businesses more often cited the desire to become independent and self-sufficient as a driving reason for starting their business than “non-fast growth” business owners (46% vs. 35%).
Source: Entrepreneurial Vision in Action: Exploring Growth Among Women- and Men-Owned Firms, underwritten by FleetBoston Financial, The Edward Lowe Foundation, and The Kauffman Center for Entrepreneurial Leadership, February 2001
Fact of the Week, September 1, 2003
On average, women- and men-owned firms with Web sites obtain similar amounts of their revenues from online sales 7.5% and 9.6%, respectively.
Source: Online and In Focus: How Women and Men Business Owners Use the Internet, Underwritten by Wells Fargo, October 2001
Fact of the Week, August 25, 2003
Women-owned “growth” businesses are more likely to have owners who have worked 40 or more hours per week than non-growth businesses (70% vs. 40%)
Seizing the Opportunities: A Report on the Forces Propelling the Growth of Women-Owned Enterprises, underwritten by Wells Fargo, June 2003
Fact of the Week, August 18, 2003
As of 2002, there are 166,212 privately-held equally-owned firms with revenues of at least $1 million and 6,902 with 100 or more employees.
Source: Completing the Picture: Equally-Owned Firms in 2002, underwritten by Pitney Bowes, Inc., Wells Fargo, and NAWBO, Philadelphia Chapter
Fact of the Week, August 11, 2003
The top 5 states with the highest incidence of women business owners are Alaska (9%), Colorado (8.7%), Montana (8.0%), Vermont (7.9%), and Wyoming (7.8%)
Source: Women’s Business Ownership Rates by State, July 2002
Fact of the Week, August 4, 2003
Women business owners identified as having “fast-growth” businesses are more likely to have had at least a bachelor’s degree than those in “non-fast growth” businesses (44% vs. 33%)
Source: Entrepreneurial Vision in Action: Exploring Growth Among Women and Men-Owned Firms, February 2001, underwritten by FleetBoston Financial, The Edward Lowe Foundation, and The Kauffman Center for Entrepreneurial Leadership
Fact of the Week, July 28, 2003
Among newer business owners (less than 10 yrs.) 65% come from either a managerial or professional background, while only 42% of long-term business owners come from a similar background.
Source: Paths to Entrepreneurship, April 1998, underwritten by Smith Barney
Fact of the Week, July 21, 2003
Privately-held firms equally-owned by women or men employ 9.0 million workers and generate over$1.17trillion in sales.
Source: Completing the Picture: Equally-Owned Firms in 2002, June 2003, underwritten by Pitney Bowes, Inc., Wells Fargo, and NAWBO, Philadelphia Chapter
Fact of the Week, July 7, 2003
Women in “fast growth” businesses are more likely than non-fast growth businesses to have a Web site. (47% vs. 29%) and more likely to consider the Internet and e-commerce to be an important part of their business’ growth strategy (45% vs. 30%)
Source: Completing the Picture: Equally-Owned Firms in 2002 Underwritten by Pitney Bowes Inc., Wells Fargo, NAWBO, Philadelphia Chapter, April 2003
Citation
Center for Women’s Business Research. “Fact of the Week, December 29, 2003.” Washington, DC.