Women business owner statistics show the number of women-led companies continues to increase year after year! In fact, women business owners positively influence the country’s economy, create jobs, and control more than $20 trillion in annual spending.
In this post, we share a few of the most significant women business owner statistics and discuss how joining an national organization like NAWBO Southern Nevada can help further your professional and personal goals.
1. 88% of women-owned businesses generate less than $100,000 a year in revenue.
Overall, just about 40% of all U.S. businesses bring in over $100,000 in annual revenue. But for woman, this figure is much lower, with only 12% of female-led businesses bringing in that kind of money. And, sadly, the percentage is shrinking. With over 60% of women saying their business is their primary source of income, it’s crucial these statistics get turned around. Experts say one reason for the discrepancy is that many women aren’t clear on how to unlock their full potential.
With its exclusive events and peer mentorship, NAWBO provides women entrepreneurs with the tools and insights they need to grow their business and develop their leadership skills, two fundamental principles to business success.
2. Over 35% of female entrepreneurs have experienced gender bias directly.
Despite an increase in the number of female-led companies, studies show funding is still a huge problem, with more than a third of global women business owners experiencing gender bias when attempting to perform common tasks, like raising capital. In the U.S., the percentage is nearly half. Although the gap is closing with each passing year, there’s still a long way to go.
Joining a women-focused organization allows you the opportunity to meet other female entrepreneurs willing to share their wisdom and experience in starting up and scaling their businesses. They can also potentially lead you to funding sources, including banks, grants, and other financial resources that supported them in their efforts.
3. 28% of Millennial Women Have Joined the Entrepreneurship Bandwagon
An exciting trend in women-run enterprises is that more Millennial women (12% higher than the national average) are pursuing new business ventures. And they’re over 20% more likely to start a new business than Boomers.
If you’re a woman business owner just starting out, a professional group offers you access to other, more experienced women who are willing and eager to help you learn from their successes and missteps. They understand how hard it can be to stay on track when launching a company and how valuable it can be to have someone hold you accountable during challenging times.
Join NAWBO Southern Nevada Today!
Created by women for women, NAWBO Southern Nevada helps you tap into a community of women business owners, like-minded leaders and trailblazers who are happy to provide the support and encouragement you need to grow your business. Are you ready to discover more about all the benefits a NAWBO membership can bring? Visit our membership page to learn more about joining!