Women-Owned Businesses: Why do They Matter?



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).


Social Capital Small Business Small Firm Business Owner Woman Entrepreneur 
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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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