Article by Bankrate
The number of women-owned businesses in the United States has seen huge growth. In fact, women are opening an average of 849 new businesses per day.
Women-owned businesses increased a dramatic 31 times over the past 46 years, according to the 2018 State of Women-Owned Businesses Report commissioned by American Express. Between 1972 and 2018, they’ve risen from 402,000 (4.6% of all firms) in 1972 to 12.3 million (40% of all firms) in 2018.
Despite the numbers and what looks like success on paper, women-owned businesses actively fail to represent a larger portion of the total employment and revenue share. The lack of employment and revenue signals an alarming problem: As a whole, some are failing to thrive and generate revenue due to a lack of resources, educational opportunities and funding. >>Continue Reading