Women Starting Up Home Businesses
May 18, 1998
- Between 1987 and 1996, the number of firms owned by women increased 78 percent -- outpacing overall business growth by two to one.
- There were an estimated 350,000 such home-based businesses 15 years ago, increasing to about 3.5 million by 1995.
- Roughly three out of four home-based women business owners are college educated, generally in their 30s or 40s, usually married with children and have prior work experience.
- The average age of home-based businesses owned by women is 6.1 years, according to the National Foundation for Women Business Owners.
About one-third of these home businesses are one-person businesses. But experts say the rest probably employ a total of about 10 million people, in addition to the owners.
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