Women Starting Small Businesses At Rapid Clip

Date: May 27, 2014

Number Of Women-Owned Businesses Up 68% In Recent Years

A new American Express study shows that women are increasingly starting businesses. According to the study, the number of women-owned businesses in the US rose by 68 percent between 1997 and 2014. That’s double the growth rate for businesses started by men. That trend is accelerating; women are starting an estimated 1,288 companies every day, up from 602 in 2011-2012. Susan Duffy, executive director of the Center for Women’s Entrepreneurial Leadership at Babson College, told the AP, “Women are becoming more aware of the opportunities for entrepreneurship in their lives. It’s becoming more of an option for a career move than it ever has been in the past.” Duffy added, “More women are seeing themselves out there in their heroes in the business world. They’re saying, this is fabulous, I want to be like her.”

Further Reading:

The AP runs a story on the subject.

Related: Women Small Business Owners Shed Light on Lessons Learned from the Recession

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