Printer Friendly

Fast growth rate for women-owned small companies.


The latest data from the Small Business Administration confirm the strong growth trend for small businesses owned by women. Since nonfarm sole proprietorships account for approximately 70% of the small businesses in the United States, the SBA believes the data give a reasonable picture of trends affecting small business.

Between 1980 and 1988, the number of women-owned small proprietorships grew by 84%, from 2.5 million to 4.6 million, about 1.5 times the rate of increase in all sole proprietorships. Over that time span, the average annual growth rate for women-owned sole proprietorships was 8.4%, nearly double the 4.4% average annual growth rate in sole proprietorships owned by men.

In 1980, women owned 26.1% of all sole proprietorships, and their enterprises accounted for 8.8% of the receipts of all sole proprietorships. By 1988, women's ownership share had risen to 30.4%, and the receipts represented 13% of all proprietorship receipts.

Interestingly, the areas that experienced the strongest relative growth in women-owned proprietorships during the period were those not traditionally associated with women-mining, construction, manufacturing, transportation, communications and electric utilities.
COPYRIGHT 1991 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Journal of Accountancy
Date:Sep 1, 1991
Previous Article:All in the family.
Next Article:CPA firm survey sees business recovery by yearend.

Related Articles
BOEDC finds big bucks for small businesses.
National News: Wells Fargo commits $1 billion in loans.
Get Financing Now!

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters