In this regard, evidence provided by NFWBO
(2005) indicated that American female-run ventures reported lower profit levels since they chose pared-down operations.
Many Hispanic women entrepreneurs own long established businesses in a wide range of industries, according to a recent survey conducted by the NFWBO
and sponsored by Wells Fargo & Company.
"What we see happening is the increasing maturity of women-owned businesses," says Sharon Hadary, executive director of the D.C-based NFWBO
. "The businesses are becoming larger; they have higher levels of revenue and, therefore, they have an increasing need for various forms of financial services.
Despite such differences in wage- and self-employment potential, businesses superficially seem to have similar characteristics regardless of the owner's gender (NFWBO
"The increasing number of women-owned businesses and their growing economic impact are changing the business landscape," says Lois Haber, NFWBO
chair and president and CEO of Delaware Financial Services Inc.
Computers, faxes, modems, on-line information services, and the ability to conduct business by telephone, enable entrepreneurs to link up with clients from home and, in many cases, to open their businesses with an initial investment of less than $10,000 (NFWBO
, 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.
Research conducted by NFWBO
and Dun & Bradstreet in 1995 shows that women-owned businesses are just as financially sound and creditworthy as the typical firm in the U.S.
researched and announced previously unquantified data on the force of women-owned businesses.
Previous research also found that women entrepreneurs seek out others' opinions, inputs and help more than men entrepreneurs when making business decisions (NFWBO
In addition, most homemakers are likely to be female and the National Foundation of Women Business Owners (NFWBO
) reports that there are 3.5 million home-based, women-owned businesses in the United States that provide full or part-time employment for an estimated 14 million people.
In the survey, Women Business Owners of Color: Challenges and Accomplishments, conducted by the National Foundation for Women Business Owners (NFWBO
) in Silver Spring, Maryland, a total of 679 women business owners were interviewed, 111 of them African American.