Franchise Update Magazine Issue I, 2017 - Page 11

GROWTH IN FEMALE-OWNED BUSINESSES

According to the U . S . Census Bureau , the number of businesses owned by women is growing at a faster pace than those owned by men . Between 1997 and 2014 , the number of female-owned firms grew at 1½ times the national average . This is in stark contrast to the less than 1 % increase in the percentage of women in the overall workforce , according to the U . S . Department of Labor .
As of 2014 , there were nearly 9.1 million female-owned enterprises , employing nearly 7.9 million workers , generating over $ 1.4 trillion in revenues .
Businesses owned by women represented 45.2 % of all U . S . businesses in the Health Care , Social Services , Repair , Maintenance , and Personal Services sectors . These sectors have some of the hottest growth over the last 5 years . Since 2010 , our research shows that the Children ’ s Services sector has grown by 8 % per year and Home Care has grown by 10 % per year . As women continue to play an increased role in business ownership and company leadership , look for this growth to transfer to the franchise industry .

FRANCHISEGRADE .

COM RESEARCH

STATISTICS

39 %

27 %

of the prospective
franchisee candidates in the client base
at FranchiseGrade . com are women
of executive contacts in the
client base at FranchiseGrade . com are women

7 % increase in the number of female executives

ABOUT FRANCHISEGRADE .

COM

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Best™ investment for their unique needs . Franchisors seeking high quality candidates please reach out to us at insights @ franchisegrade . com .

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