Women are creating 1,200 new businesses per day. This is up from 740 new businesses per day just a few years ago, and today, four out of 10 new firms are started by women. Women are truly creating small business history, but there is much more to be done.
In the past women powered through in a man’s business world. However, today they are beginning to create a world of their own. They are embracing what makes them different and using that to create not only products and services geared toward women, but also to do jobs traditionally done by men in a different, and sometime more effective manner.
So What’s Left?
Despite the jump in the number of women owned businesses popping up daily, they still comprise just 6% of the work force and 4% of business revenue — roughly the same as it was in 1997. The problem could be many things. Maybe many of these businesses are just not growing fast enough to make a dent in the numbers. Maybe they don’t’ survive long enough. Maybe it just takes longer than a couple of decades to overcome the way things have been for hundreds of years.
So what happens next?
Women owned businesses need more support, or at least they need to know more about the support that is currently available to them to give them staying power and help them grow. There are a lot of grants, loans, and training programs available, but they may not be enough and they definitely are not taken advantage of to their fullest potential.
At Biz2Credit, our extensive network of lenders offers small business financing of all types, including small business loans geared specifically toward women. Visit Biz2Credit.com today for more information on how we can help you.