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[Infographic] Growth of U.S. Women Business Owners

February 15, 2012

by Tinu Abayomi-Paul

In January, BOLT Insurance Agency released an infographic about the growth of Women Business owners and their role as America’s new job creators.

Generally, I’m not a huge fan of infographics – they can misrepresent data, and don’t always cite their sources. But after a quick check on this one, I’ve found that this one fairly represents the sources it cites, though it will take more time to investigate those sources for accuracy.

With that in mind, I’ve included the infographic below for your perusal.

Before you have a look, it may interest you to note that in 2007, women owned 7.8 million businesses and accounted for 28.7 percent of all businesses nationwide, employing about 7.6 million people, according to the US Census. When you include businesses owned equally by men and women, another 4.6 million companies were responsible for employing another 8.1 million workers.

Therefore the idea of women business owners as job creators sounds like a topic worth exploring.

However, the summary of Census data that I linked to later references a quote from Census Bureau Deputy Director Thomas Mesenbourg, who stated that “women-owned businesses still lag behind businesses owned by men” in terms of numbers of businesses and receipts generated.

What do you think of the infographic? Do you feel the impact of your business is reflected in this sampling of data? What does it say about the impact of Women in Business? I’d love to hear your thoughts.

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