Each year, more women head out on their own as entrepreneurs.
Women currently are majority owners of 39% of U.S. small businesses, a 45% increase from 2007 to 2016, according to SCORE, a network of volunteer business mentors sponsored by the Small Business Administration. These businesses employ nearly 9 million people and generate more than $1.6 trillion in revenue each year.
Women entrepreneurs have an uphill road, says certified financial planner Stacy Francis, president and CEO of Francis Financial in New York. “Around 20% of small businesses, in general, fail in the first year, and 50% do not survive beyond five years,” she said.
Read more: https://www.cnbc.com/2020/08/20/women-need-to-stop-making-these-6-mistakes-when-starting-a-business.html
Women currently are majority owners of 39% of U.S. small businesses, a 45% increase from 2007 to 2016, according to SCORE, a network of volunteer business mentors sponsored by the Small Business Administration. These businesses employ nearly 9 million people and generate more than $1.6 trillion in revenue each year.
Women entrepreneurs have an uphill road, says certified financial planner Stacy Francis, president and CEO of Francis Financial in New York. “Around 20% of small businesses, in general, fail in the first year, and 50% do not survive beyond five years,” she said.
Read more: https://www.cnbc.com/2020/08/20/women-need-to-stop-making-these-6-mistakes-when-starting-a-business.html
