Trends

 
National Funding Card National Funding Card

Have Your National Funding Card? Get Started.

05 21 2014

05 21 2014

Women Launching Businesses At Rapid Pace

Women entrepreneurs are making their mark on the business world, opening new companies at a rapid pace around the country. A new report by American Express confirmed the rise of female business owners – between 1997 and 2014, businesses owned by women increased in number by 68 percent. This pace was nearly double that of new businesses opened by men and one and a half times the rate for all businesses started during this time.

According to the survey, women entrepreneurs are opening companies in all sectors, but are statistically most likely to head up organizations offering educational services, waste management operations, administrative services or to launch businesses tied to the arts, entertainment or recreation industries.

“Women are becoming more aware of the opportunities for entrepreneurship in their lives,” said Susan Duffy, executive director of the Center for Women’s Entrepreneurial Leadership at Babson College. “It’s becoming more of an option for a career move than it ever has been in the past.”

Women in entrepreneurship are not only starting and staying in business at a greater pace than men, but they are also doing well financially and planning for a successful future. According to the survey, 70 percent of women business owners project their revenues to increase over the next 12 months, compared to 66 percent of men who said the same. Women entrepreneurs are also expanding their businesses at a more significant pace than men – 68 percent of women expect to expand their companies over the next year, while 63 percent of men said the same.

Expansion comes at a price, however, and gaining access to capital can be challenging. As lending standards remain tight, many entrepreneurs find themselves struggling to gain access to the working capital they need to improve. These decision makers should contact National Funding to find out more about loans, equipment leasing and other financial options to help a business thrive.

Featured


  • 3 Different Types of Small Business Lenders

    3 Types of Funding Options for Small Business Expansion

    When you began your business, it was small; most are for the first few years. But now that you've gained customers and market share, you're feeling it's time to expand. This is a normal part of business life, yet a challenge for many small business owners. Expanding your business takes careful planning. Perhaps you need a new… […]

  • How to use a small business loan

    5 Brilliant Ways to Use A Small Business Loan Successfully

    Small business loans are a versatile and powerful tool for many different types of organizations to draw on as they stabilize, secure and grow operations. There are many different applications for a small business loan, from industry-specific uses to very broad ones. Here's a review of some the most common and useful ways small business… […]

  • Health care law changes for small businesses

    Health Care Law Changes Could Affect Small Business Owners

    Health insurance is an incredibly complex and confusing subject. Not many people can confidently explain all the fine details of various health insurance policies. At the same time, health insurance can be deeply personal. People rely on their health insurance plans to provide them with the treatments and check-ups they need to stay healthy .… […]

  • National Doctors Day March 30th

    Celebrate Medical Advancements On National Doctors Day: March 30

    National Doctors Day is a national tradition now in the middle of its 8th decade. The first was held March 9, 1933 in Georgia. Eudora Brown Almond, whose husband was a doctor, organized the day of recognition and chose March 9 because it was the anniversary of the first time that anesthesia was used in 1842.… […]