Hello friends, thanks for meeting up with us here in the Business Discussion space. Today I want to share an article from the QuickBooks Blog that talks women-owned business being on the rise. Let's take a look!
Starting Businesses
More women are starting businesses. According to a recent entrepreneurship survey commissioned by QuickBooks, over 6 in 10 women entrepreneurs surveyed say they started their business within the last four years — compared to 5 in 10 men.
Women business owners are more stressed than men — hiring may help
For some women, the solution is hiring help. More than 6 in 10 women business owners say they plan to hire at least one employee or contractor in 2024. Over half (54%) say they’ll be hiring to get some time back and alleviate stress — only 40% of men say they’ll be hiring for the same reason.
Gender wealth gaps persist for women business owners
Financing continues to be a struggle for women-owned businesses. According to the Department of Labor, on average, women are paid 83.7%, of what men are paid. Similarly, data from the latest survey commissioned by QuickBooks reveals women report lower revenue than men. Less than half of women-owned businesses (46%) report earning $50,000 or more in 2023, compared to 70% of men.
Some interesting points covered for sure! Check out the full article linked above for even more info as well as survey results. Take care everyone!
