The 2019 State of Women-Owned Businesses Report
American Express commissioned The 2019 State of Women-Owned Businesses Report and the findings were compelling.
American Express hopes that the 2019 State of Women-Owned Businesses report will motivate the key players in the entrepreneurial ecosystem to reflect on what is working and what is not and to make adjustments to their plans to accelerate the growth of women entrepreneurs.
The high growth in the number of women-owned businesses with $1 million or more in revenue — the second highest of the segments — is proving that women are ambitious and have the chops to succeed.
This report had a nice piece on “Sideprenuers.”
Part-time entrepreneurship is often called “sidepreneurship.” The rate of growth in the number of sidepreneurs is far greater than for all ventures. This reflects the proliferation of ways in which adults can earn money on the side and increasing ease in finding these opportunities.
Between 2014 and 2019, growth in the number of women sidepreneurs was nearly double overall growth in women entrepreneurs: 39% compared to 21% respectively. Growth in sidepreneurship is higher for women (39%) than for all adult sidepreneurs (32%).
The greatest growth in women-owned businesses happened at the two extremes of the spectrum: low-revenue companies and million-dollar-plus businesses.
Overall, some amazing insights in this report…