Women can pretty much manage anything in this world.

Given the fact that they can run a household with rowdy children by themselves, or tame a roomful of teenagers in a classroom – managing a business looks like a walk in the park. It’s not surprising that women can take the helm of different business ventures, and not just home-based businesses.

7 Incredible Facts About Women Owned Businesses

Historically, men have accepted women in business, but their acceptance was focused on support based positions or home-related industries.

Remember the glorified title of “Executive Assistant?” For those who were not in administrative support roles – home-related industries paved the road to break into the entrepreneurial world. Women who baked opened up pastry shops. Those who could knit or crochet opened up personal engraving and cross-stitching agencies for other businesses brands. These seemed like a natural progression to what they did inside their own households, except now they would receive pay for their services. Now there’s something that will make heads turn – women are at the helm of large plants, automobile manufacturing, or engineering companies.

Did you know?

  1. There is an estimated 11.3 million women-owned businesses in the United States.
  2. Over 9 million people are employed by women-owned firms.
  3. The top three growth industries for women-owned businesses is educational services, health care/social assistance, and entertainment/recreation.
  4. The top 3 fastest growing states for women-owned businesses are Florida (up 67%), Georgia (up 64%), and Texas (up 63%) since 2007.
  5. But the greatest number of women-owned firms can be found in California, Texas, Florida, New York and Georgia.
  6. Women are majority owner of approximately 38% of all businesses. This number is up from 29% in 2007.
  7. An average of about 842 new minority women-owned firms were launched everyday since 2007, with Latina and African American owned firms topping the list.

The top three growth industries for women today are education, healthcare, and entertainment.

Women have gravitated toward these particular industries as they appear to be a smooth transition from the home-based responsibilities of yesterday. Between juggling the roles of chauffer, cook, housekeeper, bill keeper, referee, nurse, teacher, mediator, counselor, and more – through the role of coordinating a lifetime event (wedding, baby shower, bat Mitzvah, anniversary party, and more) – these industries seem logical.

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