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Industry Spotlight > Women in Wealth

Get facts about women owned businesses

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The number of businesses owned by women in this country continues to grow: 10.4 million at last count. And as those women begin thinking about selling their business and retiring, financial advisors are going to become more important to them. The Center for Women’s Business Research has compiled a fact card – “Key Facts about Women-Owned Businesses: 2007″ – filled with the latest facts about that segment of the population, with a little help from MassMutual. Here are some of the findings:

  • Women who own firms with revenues of $1 million or more embrace financial measurements as management tools and produces financial reports more often and in greater numbers than smaller firms.
  • Between 1997 and 2006, majority women-owned firms grew at twice the rate of all firms, 42 percent vs. 24 percent.

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