Latin Shortie o8
Sometimes I wonder how as a women entrepreneur I’d be affected with all the inequality issues toward women now days. I researched what the benefits of being a women entrepreneur would be and took great concern when realizing the large wage gap between working males and female. The wage gap has narrowed by only a half a penny a year for the past 40 years. The gap between median earnings of full-time, year-round workers widened last year, with women’s earnings currently 76% of men’s, down from 77% in 2004. At this rate, it will take another 40 years for women to reach wage parity with men, and over the course of a working lifetime, the average women loses approximately $523,000 due to the wage gap. (Working Women, 2005) Here are some other interesting facts.
Top 10 things to know as a women entrepreneur
1. One in every eleven adult women is likely to become entrepreneurs.
2. 30 percent of women owned firms represent all of the US.
3. Women of color own 20 percent of firms owned by women entrepreneurs.
4. Motherhood penalties would depend on how ones new lifestyle affects their work ethics.
5. Women entrepreneurs can start a business in the career of their choice.
6. The highest women owned businesses growth rate are in the field of construction, transportation, communication, and agricultural services.
7. Women owned business generate $1.5 trillion in sales and employ 9.2 million people.
8. The workforce of women owned businesses show more gender equity.
9. The majority of women business owners are under the age of 50.
10. Women owned firms are more likely to offer flex time, reimburse tuition, and share profit with their employees.
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