Women Business Owners--Having It All?

Posted by: Diane Brady on September 7, 2007

I wanted to follow up on the earlier post. One way women succeed, of course, is to opt out of the workforce and go out on their own. A new survey from tax consultancy RSM McGladrey and the National Association of Women Business Owners found the following was true of female entrepreneurs:

· They are more educated: 40% of women business owners have a post-graduate education, compared with only 9% of the entire female labor force.

· They take more risks: 60% of women surveyed would use up to 95% of their personal savings or put up their home as collateral for a loan to start or expand their business.

· They have a family life and run a business: 68% are married, higher than the national average of 53% for working women. Additionally, 67% of those surveyed have children.

· They have been successful for some time: More than 60% of the businesses surveyed have been in operation six or more years, higher than the 40% reported through other surveys for all businesses.

· They started young: 40% of businesses with more than $6 million in revenue were started by women between the ages of 20 and 29.

· They can get financed: Less than 6% have gone to a bank and never been able to receive financing.

Reader Comments

Thomas

September 7, 2007 6:26 PM

Somehow I suspect you'd have similar stats within the population of men. It's more of outlook/attitude then gender.

Susan

September 10, 2007 9:15 AM

The only way to get around the glass ceiling in business these days is to walk away from it. I discovered that years ago, and I've never regretted it.

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