2023 Women Entrepreneurs: Driving the Sheconomy’s Growth

Starting a business today as a woman is no longer the obstacle it once was. From small shops to bold startups, women are trailblazing into entrepreneurship and making things happen on their own terms. But the playing field isn’t quite equal yet. Behind the breakthroughs, female founders still see more doors closed than opened regarding funding and fair chances. The percentage of women who started a business in the last year was 47%, compared to 44% for men.

Nevertheless, sisters are doing it for themselves. Woman-run startups create ripple effects, change mindsets, and empower the next generation to dream big. The GEM report found that almost 80% of American women consider entrepreneurship a “good career choice.” It’s evident there’s room for that ripple effect to become a wave.

The number of women-owned businesses in the U.S. stands at 12.3 million. As the numbers will show, women are willing and able to excel given the opportunity. So, while the barriers are real, each woman who jumps over one joins the collective force toward making entrepreneurship more inclusive. Our groundbreakers today clear the way for future founders to build exactly what they imagine.

Major Women Entrepreneurs Statistics

• There are currently 12.3 million women-owned businesses today, compared to 402,000 in 1972.
• 43% of the total number of entrepreneurs worldwide is made of women.
• Women between 40 and 59 comprise the highest percentage of female business owners.
• Ten women-owned businesses became unicorns in the first six months of 2019.
• The issue of gender predisposition has affected over 35% of female entrepreneurs.
• In 2021, women in the United States owned and operated about 31% of startups.
• Over 50% of female entrepreneurs solely rely on their firms to cater to their needs.
• Just a quarter of female entrepreneurs request business financing at the inception of their business.
• 88% of businesses owned by women produce below $100,000 revenue yearly.
• Barely 13% of firms in the construction, administration support, industrial, and waste management sectors are owned and operated by women.

Top Statistics on Women Entrepreneurs

1. There are 12.3 Million Women-Owned Businesses Today, Compared to 402,000 in 1972. 

There is a great difference between the number of businesses owned by women today and 50 years ago. As the years go by, the number of female startups increases globally. In 1972, only 402,000 women-owned companies existed, but this has grown to 12.3 million businesses in the United States today. However, the figure is still rising and isn’t expected to dwindle soon.

2. 43% of the Total Number of Entrepreneurs Worldwide is Made of Women.

Women entrepreneurs make up 43% of total business owners globally in 2021. Though women are making great efforts in the business cycle, they are still far from taking dominance in the business world.

3. Women Between 40 to 59 Years of Age Make Up the Highest Percentage of Female Business Owners.  » …
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