Rice Business Report May 2019 Rice Business Report | Page 43

43 Women Managers Leaving Corporations for Entrepreneurship By Susan West Increasingly, women managers are choosing to "opt out" when corporations fail to meet their professional needs. Opting out--the latest catch phrase within corporate circles-- describes the growing trend of leaving corporate positions for alternative career paths. A significant number of women managers are leaving large companies to start their own businesses. In fact, women are quitting corporate jobs in favor of entrepreneurship at twice the rate of men, making a signifi- cant impact on the traditional and online marketplace, according to Cheskin Research, a California-based strategic market research and consulting company. Recent research indicates interesting trends for women entrepreneurs. According to the Center for Wom- en's Business research, the number of women-owned U.S. businesses grew at twice the rate of all firms between 1997 and 2002. And the U.S. Small Business Administration reports that women-owned busi- nesses account for 28 percent of all privately-owned companies. They employ 9.2 million people and con- tribute $2.38 trillion in revenue to the U.S. economy. Continued on page 42…... Article Source: http://EzineArticles.com/133400 Rice Business Report