Women-Owned Businesses Are Growing Five Times National Average

According to a survey by the National Association of Women Business Owners, the number of women-owned businesses is growing five times the national average, with 1 in every 11 women being an entrepreneur.

"To be able to support a woman-owned business is just the icing on the cake," said Katelyn Perry, a shopper at the Sequin Siren [on Popps Ferry Road in Mississippi].

A woman-owned business is something other women have no problem supporting.  Read more here.

The Type of Business You Run Might Determine Your Growth

According to the Miami Herald, while women are launching businesses at a rapid pace — 1.5 times higher than the national average — their companies still remain small in scope, with only 4 percent reaching earnings of $500,000 and only 1.8 percent surpassing the million dollar mark, according to American Express small business research.

Why is that?

Speaking in Miami [at the national conference of the National Association of Women Business Owners (NAWBO)], Anna Colton, Bank of America’s Small Business Banking national sales executive, said the reasons why women are struggling to land venture capital may be the type of businesses they run. Venture capital firms tend to invest in high tech and life sciences, but women tend to have professional services firms, she notes. Colton feels that could change when venture capital firms are made to understand the growth and success of women-owned businesses.

Read the entire article here.

Photo courtesy:  Moodboard

Women Entrepreneurs: Bring On the Optimism in 2013!

A recent national survey of women business owners conducted by Web.com Group, Inc. and the National Association of Women Business Owners (NAWBO) found a strong sense of economic optimism, including a prediction by 85 percent of women business owners that more women will become entrepreneurs in 2013 than in past years.

How is that so?  Find out here.