Today's generation of women entrepreneurs displays a newfound love of growth.
Opinions expressed by Entrepreneur contributors are their own.
In the past, women-owned businesses were often thought of assmall, conservative ventures keeping a tight rein on growth to staymanageable, but that may be changing. A report late last year bythe Center for Women's Business Research (formerly the NationalFoundation for Women Business Owners) says women-owned firms formedin the last decade are more growth-oriented than theirpredecessors.
The report, "New Generation of Women Business Owners,"states that a larger share of firms started by women within thelast decade have experienced fast growth-particularly within thepast three years-compared to firms started in the two decadesprevious to that. "While this may partly be due to the factthat many businesses experience faster growth in their earlyyears," says Julie Weeks, the center's director ofresearch, "women who started their firms within the past 10years have already reached the same level of business employmentand revenue size as their older counterparts."
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve