The Number of Women in Business is Surging

Women-owned companies now account for 40% of all privately held businesses in America.  This comes as no surprise to Sherman Blosser who is program director at the Women’s Business Center in Mobile, Alabama.

Blosser said “that between 2007 and 2011 when the total number of new businesses increased by 34 percent, the number of new women businesses increase by 50 percent.”

Meg Whitman, CEO of Hewlett-Packard

“Actually,” Blosser continued, ” women own 60% of all companies that are classified as small businesses.  There are currently over 8 million women-owned businesses in the U.S.” she emphasized “that employ 7.7 million people.”

No doubt, women are attracted, just like men, by the flexibility of being their own boss which includes the advantage of setting their own hours and controlling their own career.

Then there is the issue of unemployment.  As the founder of Sunbelt Business Brokers recently said, “There is no more job security.  The only job security you’ve got now days is the person looking at you in the mirror.”

Many women, along with the other sex, have come to the realization that owning their own business is a viable alternative to the vagaries of the employment marketplace.

But the expanding presence of women is not limited to privately held businesses.  It may surprise you to know that the chief executive officers in each the following public corporations are women: Kraft Foods, PepsiCo, Archer Daniels Midland, DuPont, Xerox, Hewlett-Packard, Campbell Soup, BAE Systems, Sunoco Oil, A&E Television, Sempra Energy and Guardian Life Insurance.

Impressive list, eh?

Speaking of women in business and also politics, Golda Meir, the former female prime minister of Israel, always the politician, said, “Whether women are better than men I cannot say – but I can say they are certainly no worse.”

And always the idiot, the Right Reverend Pat Robertson has said, “Feminism is a socialist, anti-family, political movement that encourages women to leave their husbands, kill their children, practice witchcraft, destroy capitalism and become lesbians.”

What a jerk.

Note to Pat: I hear there is an opening for a sales person at Honest Abe’s Used Car Lot.  Since your televangelism empire is crumbling, you might want to check it out.  It’s right down the street from your “church.”

About William Bruce

President, American Business Brokers Association / Business Broker and Accredited Business Intermediary assisting business buyers and sellers with the transfer of ownership since 1986 / Author: How to Buy a Business.
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