我是女人。。。See Me Grow My $1 Million BusinessWomen-owned businesses with sales over $1 million are growing. Here are three theories on why women are able to build bigger businesses today.

ByCarol Tice

Opinions expressed by Entrepreneur contributors are their own.

我是女人。。。See Me Grow My $1 Million BusinessHere's some encouraging news forWomen's History Month: more women are starting businesses, and more woman-owned $1 million businesses are growing, according to a new report from American Express OPEN Forum.

The newState of Women-Owned Businesseslooked at the past 15 years of business activity to track trends inwomen's business ownership。研究发现,美国妇女开始550 new businesses a day, opening more than 200,000 new enterprises in the past year. The rate of startup activity by women leaped 54 percent and far outstripped the overall business creation growth rate of 37 percent.

The study also found that women-owned firms are as likely as any other to be doing over $500,000 in annual revenue in industries including construction, transportation, and warehousing. Perhaps most encouraging, in the past five years, woman-owned firms with sales over $1 million have shown stronger growth than they did in earlier periods.

How have women been able to become more empowered to grow substantial businesses? Three things come to mind:

  • First isthe growth of women's networking activity, which has flourished in recent years. Groups such asLadies Who LaunchandWild Women Entrepreneursare attracting younger women, as well as women looking to grow big, national companies. Having a support group of other women peers who are serious about entrepreneurship can make a big difference, giving women more resources and simply the belief that they can grow a big company.
  • Second, there's been progress for women in cracking theonce male-dominated club of angel finance and venture capital. Now, many women have gained enough success that they have become angels, too.Some of those women investorsare particularly motivated to help other women grow their companies.
  • Finally, there's the internet. Many women start businesses at their kitchen table while they juggle childcare responsibilities. The ability to reach -- and sell to -- the whole world without ever leaving home is a boon for women entrepreneurs.

What do you think is helping women-owned businesses grow?Leave a comment and give us your take.

Wavy Line
Carol Tice

Owner of Make a Living Writing

Longtime Seattle business writerCarol Ticehas written forEntrepreneur, Forbes, Delta Skyand many more. She writes the award-winning Make a Living Writing blog. Her new ebook for Oberlo isCrowdfunding for Entrepreneurs

Editor's Pick

Related Topics

Business News

Kristen Bell and Dax Shepard's Family 'Stranded' at Boston Airport During 9-Hour Delay: 'We Made Quite a Home Here'

The actors spent $600 on pillows and blankets while waiting for their flight.

Business News

What Is a 'Lazy Girl Job'? New TikTok Trend Empowers Women to Work However They Want

The trend began as a way for women to find more free time during their days.

Business News

Kevin O'Leary Slams Anheuser-Busch CEO's Listening Tour, Says It Won't Stop Bud Light Backlash for One Huge Reason

Anheuser-Busch U.S. CEO Brendan Whitworth announced plans to hear consumers out this summer.

Business News

'We're Not There Yet': Meta Focuses on User Retention for Threads Amidst Significant Drop in Engagement

Meta's new Twitter competitor, Threads, experienced a substantial drop in engagement, losing more than half of its user base after its initial launch.

Business Culture

I Started My Business In My Mom's Basement at the Age of 17. Here are 5 Rules I Wish I Had Known, But Had to Learn the Hard Way

There is no easy way to break this to you, but you are the least important person in your business!

领导

5 Ways to Turn Rejection Into Resilience

As I've built my company, I've grown a much thicker skin when it comes to rejection — and so can you. Here's how.