Statistics that matter.

 

Here are some national statistics that show the importance of growing women in business.

 

11.6

Million women-owned businesses

As of January 2017, there are an estimated 11.6 million women-owned businesses in the United States that employ nearly 9 million people and generate more than $1.7 trillion in revenues.

Source: American Express

114%

women-owned business growth

For the last 20 years, women of color have turned to entrepreneurship at an extraordinary rate. While the number of women-owned businesses grew 114% from 1997 to 2017, firms owned by women of color grew at more than four times that rate (467%).

Source: American Express

80%

Entrepreneurs with a Mentor Were Still in Business After a Year

It seems that mentorship can actually help businesses stay afloat for longer, since of those who did not have a mentor, just 80% were still in business after a year.

Source: Small Biz Trends