Each October, the U.S. celebrates National Women in Small Business Month. According to the National Association of Women Business Owners, more than 11.6 million women-owned businesses are making a positive impact on the American small business landscape. Data shows that since 2007, the number of women-owned firms has grown at five times the national average, with 1,072 new women-owned firms starting every day.
Women are currently majority owners of 38% of U.S. small businesses, up from 29% in 2007, with these businesses employing nearly 9 million people and generating more than $1.6 trillion in revenue each year.
While we recognize the contributions and successes of female small business owners in our country, the road for women entrepreneurs is only going uphill. By 2020, women are expected to control more than $22 trillion dollars. Many women have turned to entrepreneurship to follow their passion, gain flexibility, and/or take control ofClick here to view the full story