Quick Stats Women's business is a force to be reckoned with. These top facts about women-owned businesses prove it.

  • 10.6 million firms are at least 50% owned by awoman or women
  • Forty-eight percent (48%), nearly half, of allprivately held firms are at least 50% owned by a woman orwomen.
  • Between 1997 and 2004, the estimated growth ratein the number of women-owned firms was nearly twice that of allfirms (17% vs. 9%), employment expanded at twice the rate of allfirms (24% vs. 12%), and estimated revenues kept pace with allfirms (39% vs. 34%).
  • Women-owned firms employ 19.1 million people andgenerate $2.5 trillion in sales.
  • Between 1997 and 2004, privately-held 50% or morewomen-owned firms diversified into all industries with the fastestgrowth in construction (30% growth ), transportation,communications and public utilities (28% growth ), and agriculturalserves (24% growth).
  • The number of women-owned firms with employees hasexpanded by an estimated 28% between 1997 and 2004, three times thegrowth rate of all firms with employees.
  • As of 2004, almost two-thirds (63%) of allwomen-owned businesses are privately-held majority (51%) or morewomen-owned for a total of 6.7 million firms, employing 9.8 millionpeople and generating $1.2 trillion in sales.
  • Annual expenditures by women-owned enterprises forjust four areas--information technology ($38 billion),telecommunications ($25 billion), human resources services ($23billion), and shipping ($17 billion)--are estimated to be $103billion.
  • Between 1997 and 2004, privately-held 50% or morewomen-owned firms diversified into all industries with the fastestgrowth in construction (30% growth), transportation, communicationsand public utilities (28% growth), and agricultural serves (24%growth).
  • The top three fastest growing states, based on anaverage rank of 1997 to 2004 growth rates, in the number ofprivately held, 50% or more women-owned firms, employment and salesare: 1) Utah; 2) Arizona; and 3) Nevada.

Source: Center for Women's Business Research

Editor's Pick

A Father Decided to Change When He Was in Prison on His Son's Birthday. Now His Nonprofit Helps Formerly Incarcerated Applicants Land 6-Figure Jobs.
A Teen Turned His Roblox Side Hustle Into a Multimillion-Dollar Company — Now He's Working With Karlie Kloss and Elton John
3 Mundane Tasks You Should Automate to Save Your Brain for the Big Stuff
The Next Time Someone Intimidates You, Here's What You Should Do
5 Ways to Manage Your Mental Health and Regulate Your Nervous System for Sustainable Success
Growing a Business

The Best Way to Run a Business Meeting

All too often, meetings run longer than they should and fail to keep attendees engaged. Here's how to run a meeting the right way.


Working Remote? These Are the Biggest Dos and Don'ts of Video Conferencing

As more and more businesses go remote, these are ways to be more effective and efficient on conference calls.

Business News

'Do You Hate Me?': High School Teacher Shares Wild Emails He Receives From Students

Jordan Baechler teaches high school students in Ontario, Canada.

Life Hacks

The Top 5 All-Time Best Productivity Hacks You've Never Heard Of

Want to combat chronic procrastination? Use these top five productivity hacks to put an end to this debilitating nuisance.


I Accidentally Became a Successful Entrepreneur. Here Are 5 Mistakes I Learned to Avoid When Starting a Business

PR is, at its core, storytelling. And the story of my now-thriving solo-owned business has been fraught with as many mistakes as successes, as many fall down the ladder as steps up. It's from my missteps, in fact, that I learned even more than from my triumphs, and this article presents 5 of my biggest blunders on the road to a flourishing small business.