If women-owned businesses were its own country
Today women-owned businesses employ 16 percent of the American workforce (23 million jobs), with total revenues of $3 trillion. In fact, if women-owned businesses were its own country, we’d control the world’s fifth largest GDP!
Despite these accomplishments, entrepreneurial women are “stuck”, with most of their businesses generating less than $1 million in annual revenue.
To celebrate the women who have broken through the $1 million revenue barrier, Ernst & Young created the Entrepreneurial Winning Women competition, an annual awards program “designed to accelerate the growth of high-potential businesses founded by women.” Nine women won this year’s contest and The Small Business Blog got a chance to talk to six of them.
