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Women-Owned Businesses: Why do They Matter?

Chapter

Abstract

The role of women in entrepreneurial endeavors has changed dramatically over the past decades. Since 1970, women’s share of small businesses increased from 5 percent to 38 percent, growing from 1.5 million to nearly 8 million in number (74U.S. Small Business Administration, 1995b). Today, women-owned businesses contribute more than $2.3 trillion in sales and employ one out of every four company workers, a total of 18.5 million employees (53National Foundation of Women Business Owners, 1996). Less than three decades ago few women-owned businesses achieved sales of greater than $1 million, but now more than 600,000 boast sales greater than this figure (52NFWBO, 1992).

Keywords

Social Capital Small Business Small Firm Business Owner Woman Entrepreneur 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 1999

Authors and Affiliations

  1. 1.Boston UniversityBostonUSA
  2. 2.Case Western Reserve UniversityClevelandUSA

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