25 Feb '13, 11am

More Women Business Owners Pass the $10M Mark

More Women Business Owners Pass the $10M Mark

More Women Business Owners Pass the $10M Mark February 25th, 2013 :: Rieva Lesonsky By Rieva Lesonsky For a long time, the number of women-owned businesses whose revenues top $1 million has been far disproportionate to the numbers of women starting and running their own businesses. According to U.S. Census data, the number of women-owned firms grew by 28.6 percent between 2002 and 2012, outpacing the 24.4 percent increase the number of U.S. businesses overall. But while women are launching businesses in ever greater numbers, just 2 percent of women-owned companies have sales over $1 million. But there’s some good news hidden in that statistic. Recently, American Express OPEN and Womenable decided to drill deeper into Census data about women-owned businesses that had over $1 million in sales. They broke the businesses into three revenue categories: $1 million to $4.9 millio...

Full article: http://www.networksolutions.com/smallbusiness/2013/02/mor...

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