research shows that after-sale service and support are more important to women entrepreneurs than to men entrepreneurs.
For black women, the NFWBO statistics are just as promising, Representing about 37% of all minority women-owned firms, the number of businesses run by sisters increased by more than 135% between 1987 and 1996 to about 405,200.
Over half of sister entrepreneurs have started businesses related to their former careers, according to the 1998 NFWBO study From Women Business Owners of Color: Challenges and Accomplishments.
Of the 1,435 women surveyed in the NFWBO
study (1997), only 32 percent had children at home.
, a nonprofit research affiliate of the National Association for Women Business Owners, says the growth of women-owned firms in the United States outpaces overall business growth by about 2-1.
The sheer strength of the numbers reaffirms that women business owners are powerful catalysts for promoting the health of our economy," says Susan Peterson, NFWBO
chair and president of a namesake production company in Washington.
CONTACT: Jim Keller of IBM, 914-642-3778, Nan Tolbert for NFWBO
Once again, the Top 50 list demonstrates that women business owners are major players in the mainstream of this nation's economy, contributing to its health and competitiveness," said Laura Henderson, Chair NFWBO
and President and CEO of Prospect Associates.
Between 1987 and 1996, the number of women-owned firms in Dallas has increased by 74 percent, employment has grown by 356 percent and sales have skyrocketed by 391 percent, according to the NFWBO
Between 1987 and 1996, the number of women-owned firms in Austin has increased by 79 percent, employment has grown by 171 percent and sales have skyrocketed by 227 percent, according to the NFWBO
Between 1987 and 1996, the number of women-owned firms in Houston has increased by 81 percent, employment has grown by 428 percent and sales have skyrocketed by 485 percent, according to the NFWBO
report also documents that the greatest growth in the number of minority women-owned firms in recent years has been in nontraditional sectors.