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187 Million Women Are Currently Starting Or Running Businesses
Women’s rights, especially in the workplace, are a hotly debated topic, and even presidential hopefuls are using the issue as a platform. But the numbers are what really tell the tale and a new study from the University of North Carolina’s online MBA program has helped to shed some light into the progress or lack thereof of women in the workplace and in the business world in general.
According to the study only about 5% of start-ups are owned by women; what’s more, only 3-5% of those businesses get venture capital funding. The study found this lack of VC interest (if you can call it that) to be quite extraordinary when female backed companies report 12% higher revenues.
This may change in the future because according to the study over 187 million worldwide are either starting or running businesses. The last analysis of actual ownership showed that women owned 7.8 million businesses in 2007—this represented a 20% increase from 2002.
The study found that aside from people like Arianna Huffington who started the HuffingtonPost.com, few women are given the opportunity to establish and run large scale businesses in any field. Worldwide only 40% of large scale corporations have women in key positions at the executive level.
Women in the world can look to Pepsi’s CEO, Indra Nooyi for inspiration. She was named as the number one most influential woman in business by Fortune.
Does business need more women at the helm? Share your thoughts below.