Energy Conference: Decarbonization - A Business Perspective REGISTER

March is Women’s History Month, and Barbara Weltman at the Big Ideas for Small Business blog looks at women’s impact on the small business economy.

She notes 40% of all U.S. businesses are owned by women and collectively these companies generate $1.8 trillion a year. Women also are starting businesses at a high rate, with 1,821 new businesses every day.

Weltman also points out that women-owned businesses perform better than average. Tech companies owned by women deliver a 35% higher return on investment, and women-owned businesses that obtained venture capital outperformed those founded by men by 62%.

There’s also evidence that women entrepreneurs are more self-reliant. Only a quarter of women owners took business loans, compared with one-third of men. Statistics show women ask for less money when borrowing than men, Weltman writes.

Read more.