Abridged: The New York Times
NEW YORK, NY -- A recent study by the Center for Women's Business Research in Washington found that the number of women-owned businesses with no employees grew 18 percent from 1997 to 2004, twice the rate for all businesses without employees. In addition, the revenue for such women-owned firms grew 66 percent, compared with 42 percent over all.
The center estimates that about 5.4 million firms fall into the category of women-owned businesses with no employees, and they generate an estimated $167 billion in sales annually.Michelle S. Butler, program director of the Women's Business Center of California in San Diego, said: "Women are going out and taking matters into their own hands. That's why they've become the fastest-growing demographic of entrepreneurs." The businesses they choose often dovetail with their own interests or expertise, resulting in a wide variety of start-ups.
In San Diego, Ms. Butler gave these examples: a Mexican immigrant whose family had been in the trucking business bought a tractor-trailer rig and established a company to handle cross-country hauling contracts. Another woman, who had been a nurse's aide, started a business providing health care services to the elderly in their homes.
posted by Victor Lloyd Smith @ 10:23 PM
0 Comments:
Post a Comment
<< Home