There is something of a 21st century gold rush for women-owned companies in California.
In a report that was announced recently by Biz2Credit.com, the average credit score for a female-owned business is 632, while for a men-owned company, the figure is 637. Those findings were much higher than the national averages of 610 for female-owned companies and 630 for businesses owned by men.
Women are also operating at a lower cost, too, in California. The average operating expense for a company owned by a female is $46,245. For men, the average operating cost is $50,607.
However, male-owned companies in the fertile state are making a profit as the average revenue figure of $137,781 suggests. Women-owned California firms show a $111,056 revenue figure.
There are other reports of positive interest in the overall picture of women who own companies according to Biz2Credt.com’s second annual report of 10,000 small companies that applied for funding in 2013. The study revealed, on the average, the earnings of companies owned by women rose 54 percent across America.