Finding Power in Female Entrepreneurship: A Look at Women in Small Business [Infographic]

May 19, 2017

It’s safe to say, the workplace has changed drastically over the past half-century—and for the better. Thanks to the progressing minds of yesterday, we’re where we are today. 

Coming off the Mother’s Day weekend last week, we wanted to continue celebrating women everywhere. In particular, we wanted to look at one powerful, emerging group: female entrepreneurs. And the reason should go without saying because let’s face it: We’ve come a really long way and the future is only looking bright from here.

Over the last two decades, the number of female-owned businesses rose by 74%.

Milestones That Sparked the Shift

Over the last two decades, the number of female-owned businesses rose by 74%. But before we look forward, we thought we’d take a look at how far we’ve come.

Female Entrepreneurship in 2017 and Beyond

Today, women represent 40% of new entrepreneurs in the United States. And, by next year, it’s expected that female-owned businesses will create more than 50% of new small business jobs and a third of the country’s total new jobs. At FreshBooks, we recently conducted a survey of 1,700 self-employed professionals and small business owners and found the following about women in the field.

From our data, female entrepreneurs are more likely than male entrepreneurs to:

With That in Mind, There Are Still Some Gaps to Fill

When we take a moment to reflect, it’s admirable to see how far our female entrepreneurs have come. We’ve been able to move the workplace forward through remarkable effort, but can’t ignore that there’s still some work to be done. Based on the information collected from the FreshBooks survey:

about the author

FreshBooks is the #1 accounting software in the cloud designed to make billing painless for small businesses and their teams. Today, over 10 million small businesses use FreshBooks to effortlessly send professional looking invoices, organize expenses and track their billable time.

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