According to the Center for Women’s Business Research 10.1 million firms are owned by women (75% or more), employing more than 13 million people, and generating $1.9 trillion in sales as of 2008.
Three quarters of all women-owned businesses are majority owned by women (51% or more), for a total of 7.2 million firms, employing 7.3 million people, and generating $1.1 trillion in sales.Women-owned firms (50% or more) account for 40% of all privately held firms.
These numbers are growing every year. Other interesting studies show that women business owners in non-traditional industries are more likely than men to have inherited their business from their mothers and are more likely to pass it on to their daughters.
Women-owned businesses with $1 million or more in sales are more likely than a smaller business owner to have large corporations and government as their primary clients.
If you are a smaller business owner and want to have a million dollar business, how would you add large corporations or the government to your client mix?
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