The Rise of Women-Owned Businesses: Statistics and Trends

Women-owned businesses are becoming increasingly common, with more and more women taking the leap into entrepreneurship. In this post, we’ll explore the latest statistics and trends surrounding women-owned businesses, and take a closer look at how women entrepreneurs are making their mark in the business world.

The growth of women-owned businesses

The number of women-owned businesses in the United States has been steadily increasing in recent years. In 2020, there were over 13 million women-owned businesses in the U.S., employing over 9 million people and generating over $1.8 trillion in revenue. This represents a 21% increase in the number of women-owned businesses since 2014.

There are a number of factors that have contributed to the rise of women-owned businesses. One factor is the increasing number of women in the workforce. In 2020, women made up 47% of the workforce, up from 43% in 2010. This increase in the number of women in the workforce has given more women the opportunity to start their own businesses.

Industries where women-owned businesses are thriving

Women-owned businesses are thriving in a variety of industries, including healthcare, education, professional services, and retail. In fact, women-owned businesses in the healthcare and social assistance industry have seen the largest growth, with a 67% increase in the number of firms since 2007. Women entrepreneurs are also making their mark in traditionally male-dominated industries, such as construction and transportation. This trend is a positive sign for gender equality in the business world, as women continue to break down barriers and succeed in a wide range of industries.

Challenges faced by women entrepreneurs

Despite the growth and success of women-owned businesses, women entrepreneurs still face unique challenges. These challenges can include difficulty accessing capital and funding, lack of mentorship and networking opportunities, and gender bias and discrimination. Women entrepreneurs may also face additional challenges related to balancing work and family responsibilities, as well as societal expectations and stereotypes. However, with continued support and advocacy, women entrepreneurs are breaking down these barriers and paving the way for future generations of women in business.

Availability of Resources

Another factor that has contributed to the rise of women-owned businesses is the increasing availability of resources for women entrepreneurs. There are now a number of organizations that provide support and resources for women entrepreneurs, such as funding, mentorship, and training.

While women entrepreneurs may face unique challenges, there are also many resources and support systems available to help them succeed. These can include mentorship programs, networking events, and funding opportunities specifically for women-owned businesses. Organizations like the National Association of Women Business Owners and the Women’s Business Enterprise National Council also provide advocacy and support for women entrepreneurs. Additionally, many government agencies and non-profit organizations offer resources and training programs to help women start and grow their businesses.

The Positive Impacts

The rise of women-owned businesses has had a number of positive impacts on the economy. Women-owned businesses are more likely to hire women and minorities, and they are more likely to invest in their communities. Additionally, women-owned businesses are more likely to be innovative and to create new jobs.

The future of women-owned businesses looks bright. The number of women-owned businesses is expected to continue to grow in the coming years. This growth is being driven by a number of factors, including the increasing number of women in the workforce, the increasing availability of resources for women entrepreneurs, and the positive impact that women-owned businesses have on the economy.

Additional Stats

Here are some additional statistics and trends on women-owned businesses:

Women-owned businesses are more likely to be home-based than businesses owned by men.
Women-owned businesses are more likely to be in the service sector than businesses owned by men.
Women-owned businesses are more likely to be small businesses, with fewer than 10 employees.
Women-owned businesses are growing at a faster rate than businesses owned by men.
Women-owned businesses are creating new jobs at a faster rate than businesses owned by men.
Women-owned businesses are generating more revenue than ever before.
Women-owned businesses are making a significant impact on the economy.

Success stories of women-owned businesses.

Women-owned businesses are making their mark in various industries, from tech startups to retail stores. Some notable success stories include Spanx, founded by Sara Blakely, which has become a household name in shapewear and has made Blakely one of the wealthiest self-made women in America. Another example is The Riveter, a co-working space and community for women founded by Amy Nelson, which has expanded to multiple locations across the United States. These success stories not only inspire other women entrepreneurs but also showcase the potential for women-owned businesses to thrive in today’s economy.

Here are a few of our favorite products sold by women owned businesses:

Acacia Lazy Susan by Lynn & Liana Designs

Acacia Lazy Susan by Lynn & Liana Designs is the perfect addition to any kitchen or dining room. Made with high-quality acacia wood, this lazy susan is both functional and beautiful. The natural wood grain gives it a rustic feel that complements any decor.

Measuring 18 inches in diameter, this lazy susan can hold multiple bowls, plates, or glasses, making it ideal for family-style meals or dinner parties. Its smooth rotation makes passing dishes around the table effortless and enjoyable. Plus, its sturdy construction ensures that it will last for years to come.

Lynn & Liana Designs takes pride in creating products that are not only aesthetically pleasing but also practical and durable. This Acacia Lazy Susan is no exception. It’s easy to clean and maintain, ensuring that you can enjoy using it every day without worry.

Heavenly Pamper by Red Pantz

Self-care has become an important part of our lives, especially during the pandemic. As we all spend more time at home, it’s essential to take care of ourselves and feel good about our appearance. Red Pantz understands this need and has created the ultimate self-care gift basket that can be purchased online. This gift basket contains premium, organic, and natural products perfect for in-home beauty care.

The Red Pantz self-care gift basket includes a range of items to help you pamper yourself from head to toe. The basket features organic body butter, lip balm, bath salts, facial oil, hydrating mist spray, and more. All these products are made with natural ingredients that are gentle on your skin while providing maximum nourishment and hydration.

WanderFull HydroBeltBag

The WanderFull HydroBeltBag is the perfect travel companion for all your outdoor adventures. Made with high-quality materials, this belt bag provides ample storage space for all your essentials and keeps you hydrated on the go. With its sleek design, it sits comfortably around your waist and won’t weigh you down during long hikes or runs.

The HydroBeltBag features a large main compartment that can hold a water bladder, as well as snacks, sunscreen, phones, keys, and other small items. The bag also has two front pockets that are perfect for storing energy bars or gels. The adjustable strap ensures a secure fit while the durable material guarantees longevity even in harsh conditions.

Whether you’re hiking through mountains or running along trails, the WanderFull HydroBeltBag will be there to keep you hydrated and prepared for anything on your journey.

Worthy Brands Adventure Eye Patches

When a child is battling vision problems, they may be required to wear an eye patch. Eye patches can be uncomfortable and embarrassing for some children. Making it fun and comfortable are two key aspects of giving your child the best outlook on having to wear a patch. Worthy Brands is a woman-owned business that has kids on their mind. Their kid-inspired eye patches come in fun colors and offer unique designs.

The on-sized form-fitting shaped eye patches are made from highly breathable materials. They are also extremely gentle even for the most sensitive skin due to the safe and effective adhesives that are used when creating the patches. The Eye Patch box comes with a month’s supply (box of 12) and can be shipped worldwide!

Miles Teen Deodorant

As teens embark on their journey towards adulthood, their bodies undergo numerous changes. One of the most common challenges they face is body odor. To help combat this issue, Miles has developed a deodorant that specifically caters to the changing chemistry of teenagers’ bodies. This aluminum-free formula is designed to work hard, defend against stink and add subtle fragrance.

Miles Deodorant for Teens is backed by advanced odor protection technology, which ensures that your child stays fresh and confident throughout the day. The formula contains B.O-fighting magnesium hydroxide and arrowroot powder that effectively absorbs sweat and prevents the growth of bacteria responsible for causing body odor. It also features moisturizing safflower oil and mango butter that nourish the skin while delivering a subtle but refreshing scent.

August Monroe

August Monroe is a woman-owned business that has been making waves in the skincare industry with their high-quality and effective products. Their commitment to providing safe and natural skincare solutions has made them a favorite among customers who prioritize healthy skin.

3-IN-1 Blemish Camouflage

Do you find yourself struggling with blemishes that just won’t seem to go away? Are you tired of using multiple products to cover up those pesky spots? Look no further than the 3-IN-1 Blemish Camouflage. This revolutionary product combines three essential steps into one easy-to-use formula.

First, the formula works as a primer, creating a smooth and even base for your makeup application. Secondly, it acts as a concealer, covering up any blemishes or imperfections on your skin. Lastly, it functions as a treatment, containing powerful ingredients such as salicylic acid to help fight acne and prevent future breakouts.

The 3-IN-1 Blemish Camouflage is perfect for those who lead busy lives and don’t have time for an extensive skincare routine.

Calm Cream

Calm Cream (Vitamin B3 Gel Moisturizer) is a revolutionary product that promises to transform your skincare routine. The moisturizer is infused with Vitamin B3, which has been shown to improve the skin’s overall appearance and reduce redness. The gel formula of the Calm Cream ensures that it absorbs easily into the skin without leaving an oily residue, making it perfect for those with oily or combination skin.

The Calm Cream is also packed with other natural ingredients such as green tea extract and hyaluronic acid which hydrate and soothe dry, irritated skin. These ingredients work together to create a powerful yet gentle moisturizer that can be used daily for best results. Unlike many other moisturizers on the market, Calm Cream doesn’t contain any harsh chemicals or fragrances which can irritate sensitive skin.

Wake-Up Call | Eye Cream

If you’re tired of looking tired, it’s time to invest in a Wake-up Call eye cream. The skin around your eyes is delicate and prone to fine lines, dark circles, and puffiness. In fact, lack of sleep, stress, and aging can all contribute to the appearance of tired eyes. Fortunately, an effective eye cream can help revive your under-eye area and make you look refreshed.

When choosing an eye cream, look for ingredients that target specific concerns like caffeine to reduce puffiness or vitamin C to brighten dark circles. Hyaluronic acid can also help plump up fine lines while peptides promote collagen production for firmer skin. Additionally, consider the texture of the product- a lightweight gel may be better suited for daytime use while thicker creams are ideal for nighttime application.

Conclusion

In conclusion, the rise of women-owned businesses is a trend that is sure to continue in the years to come. As more and more women take the leap into entrepreneurship, they are creating innovative new companies and driving economic growth worldwide. It’s an exciting time for women in business, and we can’t wait to see what the future holds for these inspiring entrepreneurs. Whether you’re a woman looking to start your own company or simply interested in supporting female-led businesses, there’s never been a better time to get involved. So let’s celebrate the power of women-owned businesses and work together to create a more equitable and inclusive business world!