Today's generation of women entrepreneurs displays a newfound love of growth.
In the past, women-owned businesses were often thought of as small, conservative ventures keeping a tight rein on growth to stay manageable, but that may be changing. A report late last year by the Center for Women's Business Research (formerly the National Foundation for Women Business Owners) says women-owned firms formed in the last decade are more growth-oriented than their predecessors.
The report, "New Generation of Women Business Owners," states that a larger share of firms started by women within the last decade have experienced fast growth-particularly within the past three years-compared to firms started in the two decades previous to that. "While this may partly be due to the fact that many businesses experience faster growth in their early years," says Julie Weeks, the center's director of research, "women who started their firms within the past 10 years have already reached the same level of business employment and revenue size as their older counterparts."
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