The United States has always been a country that values entrepreneurship, and it is no surprise to see the numbers of women in this field continue to rise. These key statistics highlight what we can expect going forward and how being an entrepreneur could lead you into uncharted territory.
The “women-owned business statistics 2022 ” is a key piece of information for anyone who wants to be in the know. This article will give you an overview of what’s coming up for women entrepreneurs in the future.
Female entrepreneurship data may assist us in determining the number of women-owned firms.
We may also observe how many women of various ages are entrepreneurs.
Women are a driving force in the economy, demonstrating their leadership and business competence.
Let’s have a look at how women are performing as business owners!
Statistics on Women Entrepreneurs (Editor’s Pick)
- In the globe, there are 252 million female entrepreneurs.
- There were 13 million female-owned enterprises in the United States in 2019.
- Millennial or Generation X women make up 63 percent of female entrepreneurs in the United States
- Female entrepreneurs make 28% less than male entrepreneurs.
- Women account for 31% of all company owners in Europe.
25 Interesting Facts About Women Entrepreneurs
1. The world’s female entrepreneurs number 252 million.
According to the Global Entrepreneurship Monitor’s figures for 2019/2020, there are 252 million female entrepreneurs worldwide. Furthermore, according to the same survey, female entrepreneurial activity has increased in recent years rising to an average of 10.2 percent.
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2. There are seven female entrepreneurs for every ten male entrepreneurs.
According to Babson, there are more men entrepreneurs than female entrepreneurs in the world. Furthermore, there are ten male entrepreneurs for every seven female entrepreneurs. However, in certain nations, the number of female and male entrepreneurs is equal. Thailand, Panama, Qatar, Angola, Madagascar, and Indonesia are among them.
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3. Approximately eight individuals are hired by female businesses.
According to the Office for Advocacy, women entrepreneurs recruit an average of eight individuals. Male entrepreneurs, on the other hand, employ an average of 12 people.
Office of Advocacy is the source of this information.
4. In 2019, the United States had 13 million women-owned companies.
According to American Express statistics, there were 13 million women-owned enterprises in the United States in 2019. Despite the fact that there are more male-owned enterprises than female-owned firms, the latter is growing.
American Express is the source of this information.
5. More than seven out of ten women (71%) establish a company in order to make a difference in the world.
There are a variety of reasons why women establish companies. When asked why they started a company, 71% replied it was to make a difference in the world. Also, 65 percent do it to make a lot of money or accumulate riches. Furthermore, 45 percent said they started a company because they couldn’t find work. Finally, 29% of female entrepreneurs establish a company to carry on a family heritage.
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6. Between 2014 and 2019, the number of workers employed by women entrepreneurs climbed by 8%.
According to 2019 female entrepreneurship data, there was a rise of 8% in the number of employers from 2014 to 2019. This is based on American Express statistics from the period. At the same time, the overall rise in employment was just 1.8 percent.
American Express is the source of this information.
7. Between 2014 and 2019, the number of female-owned firms in the United States increased by 21%.
Between 2014 and 2019, the number of women-owned enterprises in the United States increased significantly. According to American Express, the number has increased by 21% in the last five years. On the other hand, the total number of firms increased by just 9%.
American Express is the source of this information.
Millennials or Generation X make up 8.63 percent of female entrepreneurs.
Millennials and Generation X make up 63 percent of female entrepreneurs, according to Guidant Financial. Furthermore, just 1% of them are members of the Silent Generation. On the other hand, Baby Boomers account for 36% of them.
Guidant Financial is the source of this information.
9. Retail is the most popular female-owned and female-led business (16 percent ).
The most common female-owned and led industry is retail (16%). Health, beauty, and fitness services (13 percent) are the second most popular. According to Guidant Financial, business services (11 percent), food and restaurant (ten percent), and residential and commercial services (seven percent) are also on the rise.
Guidant Financial is the source of this information.
Women account for 10.27% of small company owners in the United States
Only 27% of small firms in the United States have female proprietors, according to Guidant Financial statistics. Furthermore, this implies that males continue to own the vast majority of small enterprises in the United States
Guidant Financial is the source of this information.
11. In the United States 16.6% of women under the age of 65 established a new company.
In the United States 16.6% of women under 65 established a new company in 2019. In addition, 18.3 percent of males in the same age bracket did, according to the Global Entrepreneurship Monitor for 2019.
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12. Every day in 2109, 1,817 new enterprises were created by American women.
Women created 1,817 new companies every day on average in 2019, according to American Express. As it turns out, 2019 was a good year for women who wanted to start a new company.
American Express is the source of this information.
13. In the United States female entrepreneurs earn 28% less than male entrepreneurs.
Male entrepreneurs in the United States earn more than female entrepreneurs, according to FreshBooks research. According to the actual number, women earn 28% less than males. This is unsurprising, considering most industries’ profits are based on this principle.
FreshBooks is the source of this information.
14. Cash was utilized by 38% of female entrepreneurs to establish their businesses.
While there are a variety of methods to start a firm, cash was preferred by 38 percent of female entrepreneurs. Other options include loans, investments, and savings, among others.
Guidant Financial is the source of this information.
15. Female-owned enterprises earned an average of $142,9000 in 2019.
According to American Express data for 2019, female-owned firms earned an average of $142,900. Furthermore, in the same year, the average profits across all private enterprises were $474,900.
American Express is the source of this information.
16. Women will account for 31% of existing and potential entrepreneurs in 2021.
Women make up 31% of existing and wannabe entrepreneurs in a Guidant Financial 2021 research, while males make up 66 percent. By contrast, there were 27% of existing and potential female entrepreneurs in 2020.
Guidant Financial is the source of this information.
17. For every 80 cents invested, women get a $1 back.
According to Babson, every 80-cent investment returns one dollar to women. Furthermore, the same source claims that this is what raises GDP while lowering death rates.
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18. Communication skills are the most important factor in female entrepreneurs’ success (37 percent ).
Women’s people and communication abilities are the most important factors in their success (37 percent ). Then there’s self-discipline, which is another reason for their success (34 percent ). Finally, their ability to handle money is the third factor for their success.
National Business Capital and Services is the source of this information.
Female-owned firms employ between 11 and 50 people in 19.14 percent of cases.
While female-owned enterprises employ an average of eight individuals, 14 percent of them employ between 11 and 50 people. In addition, in 20% of situations, the owner is the only employee. Furthermore, 19% employ between six and ten people. Finally, 46% have two to five employees.
Guidant Financial is the source of this information.
20. Women-owned enterprises in the United States generate $1.8 trillion in revenue per year.
Female entrepreneurs and their firms in the United States earn $1.8 trillion every year, according to American Express statistics. According to Crunchbase, 13 percent of the 309 firms that generated more than $1 billion in 2021 had female founders or co-founders.
American Express is the source of this information.
21. Approximately three out of every ten European women are business owners.
Women make up 51% of the European population, however they remain a minority in the business sector. In reality, just 31% of them are self-employed on average. In addition, 39% are self-employed, and 30% are first-time business owners.
MDPI is the source of this information.
22. Women entrepreneurs account for fewer than 20% of all business owners in South Asia.
While the numbers in Europe aren’t very high, they are considerably lower in South Asia. In South Asia, less than 20% of women are business owners. Women, on the other hand, account for over half of all entrepreneurs in East Asia and the Pacific.
MDPI is the source of this information.
23. Women of color launched more than six out of ten new female-owned enterprises (64 percent).
According to statistics from American Express for 2019, women of color launched 64 percent of all new enterprises. For the future, this data is highly hopeful and encouraging.
American Express is the source of this information.
24. Women entrepreneurs employed 9.4 million people in 2019.
According to the National Women’s Business Council’s annual report for 2019, women-owned enterprises employ over 9.4 million people. In the United States there are around 13 million enterprises with female proprietors.
National Women’s Business Council is the source of this information.
25. In the previous 20 years, the number of women-owned firms has increased by 114%.
There has been a 114 percent rise in female-owned firms between 1999 and 2019. This research indicates that in the United States entrepreneurship is finally becoming more accessible to women.
Business Insider is the source of this information.
The Final Word
In conclusion, data on women entrepreneurs demonstrate that, although female entrepreneurs are on the increase, there is still a long way to go until men and women in business are treated equally. In addition, data and numbers on entrepreneurs provide a closer look into the field of entrepreneurship throughout the globe. Check read our post about black female entrepreneurs statistics to learn more about how they cope with entrepreneurship.
The “world female entrepreneurship statistics 2021 ” is a statistic that shows the number of women who own businesses in a country. This can be used to see how many women are starting their own business and also how successful they are.
Related Tags
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