The Key Stats That Will Drive 2021 For Women Business Owners
Jan 8, 2021 12:40:00 PM · 3
Much of the public is eagerly awaiting what 2021 has to bring. This year it is less about the desire to see what the future holds and more about putting 2020 behind us. There is no doubt that 2020 has been a troubling year to say the least. However, there are a number of exciting things to look forward to for women business owners in 2021. We want to take a look at some key statistics that will drive the female entrepreneurial story in 2021.
Female Owned Businesses Become Even More Common
There are some staggering statistics when it comes to the number of successful businesses that are female-owned and operated. Bizjournals.com spells this out in stark detail with the following statistics:
“The number of women-owned businesses has increased by 31 times since the first time the U.S. Census Bureau provided data on minority-owned and women-owned businesses in 1972, from 402,000 to 12.3 million. And while the number of women-owned businesses grew 58 percent from 2007 to 2018, firms owned by women of color grew at nearly three times that rate (163 percent).”
The country is long overdue for a conversation about how women can also be business leaders. That conversation is beginning to take root more deeply, and it is having a real impact. Women-owned businesses are in great shape to continue to expand as even more women join the ranks of business owners. They bring with them a perspective that is different from traditional male-owned businesses. As more young girls see role models in the business world that look like them, we can expect that this trend will continue.
Millions Of Americans Work For A Woman-Owned Business
It is important to see women leading businesses because we all need to be reminded that women have a lot to contribute to the business world. It is also important because women-owned businesses are expected to own nearly nine million employees in 2021. This means that millions of people can count on a paycheck because brave women have entered into industries that they were once seen as uninvited in. Some top industries have women-owned businesses, according to thestoryexchange.com:
● Personal Services
● Education & Training
These fields appeal to women in many cases, and they are running laps around male-owned businesses in the same fields in some cases. They bring about a new way of offering these services, and the public is responding warmly.
Work-From-Home Offers New Possibilities
An outrageously high forty-two percent of Americans are estimated to be working from home at this time. That number is in flux as many workers are caught between continuing to work from home or returning to the office based on company policy. That being said, this global pandemic has supercharged the speed at which workers are being asked to work from home. Some companies that never would have considered having a workforce that works from home are now contemplating it more seriously. Some leading edge technology companies such as Twitter even stated that their employees were welcomed to work from home permanently if they wished.
This new dynamic means that certain types of companies are seeing a boom in their fortunes. Women who want to become business owners may look to begin their venture in cyberspace.
It is an exciting time to be in the business world, and there is no better time to get on board than right now. Pailor, a non-profit that advocates for women-owned businesses, is looking for a new generation of female leaders to help advocate for.
They encourage you to come sign up for their newsletter and to consider becoming a member of their free community of people advancing women-owned businesses. You will gain access to tools and resources that can help keep you motivated and give you great ideas for how to start your own business. It is a growing community of supportive individuals that you don't want to miss out on. Sign up today!