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Now Is a Great Time to Be a Woman Small Business OwnerSusan L Reid
In the last 20 years, where women work, how women work, and what kinds of jobs women are seeking have changed.
As more and more corporations have re-organized and downsized, as more children of Baby Boomer mothers are leaving home, and as more traditionally employed women are waking up to the fact that they want more out of life than just simply getting a paycheck, the world of small business ownership is exploding.
As a whole, the United States is becoming more entrepreneurial. More than 1/3 of all people involved in entrepreneurial activity are women. According to an April 2005 report by the U. S. Small Business Administration, Office of Advocacy and Business Times, there are an estimated 10 million privately held businesses in the United States that are owned by women.
More people own small businesses in the United States than ever before. According to the U. S. Small Business Administrationís report dated June, 2006, it is estimated that there are 25.8 million small businesses (including self-employed and sole proprietors) in the United States. According to the same report, over the last decade small businesses have generated 60 to 80 percent of new jobs, and they employ 50.6 percent of the countryís private sector workforce.
In addition to starting new businesses, there are also an increasing number of entrepreneurial Americans who are buying existing small businesses, instead of starting their own. According to a report by Wachovia, small business acquisitions are growing in popularity. On any given day in the United States, 1.7 million businesses are for sale.
Why Women are Starting Businesses
Two Greatest Challenges to Women
If you are a woman considering small business ownership, this is a perfect time for you. Donít let lack of money or expertise stand in your way. Have confidence in your valuable life experience, and draw from it when starting your business. Then get creative about funding.
Never before have banks and other creative lending sources been more supportive of women-owned small business start-ups.
Copyright © 2007 by Susan L. Reid
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Copyright ©2007 by Susan L. Reid, DMA
Susan L Reid, DMA, Small Business Start Up Coach, Consultant & Accidental Pren-herô is the author of Discovering Your Inner Samurai: The Entrepreneurial Woman's Journey to Business Success. Known for taking the fear out of starting up businesses, Susan provides value, inspiration and direction to entrepreneurial women starting up and launching small businesses.
To get your copy of Discovering Your Inner Samurai: The Entrepreneurial Woman's Journey to Business Success, go to WME Books or visit www.Alkamae.com. For ideas and start up tips, sign-up for our free e-Zine for entrepreneurial women called LAUNCH YOU! We are blogging at: http://susanreid.typepad.com
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