Wednesday, July 11, 2012

Report: The State of Women-Owned Businesses

The number of women-owned firms crossing the $1 million threshold has gone up in recent years, reports the Wall Street Journal. But while the number has gone up, the percentage has stayed the same. According to a 2011 report published by American Express OPEN, 1.8% of women-owned firms had $1 million or more in revenues in 2011, which is the same percentage as in 1997.

The study shows the greatest growing pain for women-owned businesses is between $250,000 and $499,000 in annual revenue. The study suggests that at these stages, firms may be struggling with management systems because owners and operators may be transitioning to a chief-executive position.

Read the full article here

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