Women Entrepreneurs’ Impact on Business

There's no question that women entrepreneurs are making a mark on business and the influence of female business owners only continues to grow. To highlight some of the wonderful accomplishments of female entrepreneurs, American Express OPEN is kicking off a campaign to showcase their stories, reveal their challenges and inspire you with their successes. To kick things off, they commissioned their second annual study: The State of Women-Owned Businesses. They found that growth by women-owned businesses is surging at a pace faster than that of any other group—over the past 15 years, 1.5 times greater than their other business counterparts. They also learned that’s just half the story. As captured in the infographic below, their study also found that while women are starting and growing new and innovative ventures in droves, many experience growth pains at the 5-to-9 employee and $250,000-to-$499,999 levels. From 1997 to 2002 and from 2007 to 2012, the overall growth rates of women-owned businesses dip at these employee and revenue points. In addition, even though 29 percent of businesses are women-owned, overall those businesses contribute only 4 percent to revenue and 6 percent to employment in the U.S. So while there is much success and progress to be proud of, there is still more we can all do to support today’s women business owners.