In 2008 10.1 million companies were majority owned by women; they employed 13 million people–and average of less than 1 and 1/3 employees per company.
Nothing wrong with that, but I conducted a poll on the question “why do most women owned businesses remain small?”
I offered 5 choices:
1. lack of capital
2. fear of failure
3. fear of success
4. want to balance work and family
5. lack of business development knowledge
76% of respondents chalked it up to lack of knowledge; not a single one identified “lack of capital.” The second-highest response was the family/work balance.
If you are a woman business owner, where do you go for advice? If you are a business consultant/advisor, what do you make of these observations?
I would love to hear from you.
