Women Entrepreneurs Statistics 2023: The Rise of Sheconomy (2024)

FAQs

What are the women-owned business stats in 2023? ›

The share of all women-owned employers increased from 9.8 percent in 2019 to 10.2 percent in 2023, while men's share decreased from 19.4 percent to 18.3 percent. While women's share of all U.S. employer firms is only 23.8 percent compared to 59.1 percent for men-owned businesses, progress is progress.

According to a survey conducted by Gusto, in 2021, women represented 49% of startups in the U.S. This figure is up from 28% just two years earlier in 2019. Why? Experts believe the pandemic in 2020 has driven more women to create small startups, resulting in this 21% growth between 2019 and 2021.

According to Bain and Co, there are approximately 15.7 million women-run enterprises in India, constituting 22 percent of the overall entrepreneurial landscape, a figure that has the potential to rise to 30 million with further support and encouragement.

There are 114% more female entrepreneurs than there were 20 years ago (3) The National Women's Business Council found that the number of female entrepreneurs has increased by 114% compared to just 2 decades ago.

From 2019 to 2023, women-owned businesses' growth rate outpaced the rate of men's 94.3% for number of firms, 252.8% for employment, and 82.0% for revenue.

Women are now majority owners in at least 35 percent of U.S. employer firms. In total, women own 13.8 million businesses employing 10 million workers and generating $3.9 trillion in revenue across the U.S. Women own 28.6% of employer firms with a revenue of $1 million or more.

Entrepreneurship. According to the Global Entrepreneurship Monitor, family commitments, as well as the pandemic, pose bigger hurdles for women entrepreneurs than their male counterparts.

With a net worth of $2.8 billion, Oprah Winfrey is one of the most famous woman entrepreneurs in media and entertainment. Winfrey runs the multinational cable network OWN and co-founded Oxygen Media.

Female entrepreneurs tend to be so successful because their employees are happier, and happier employees are less likely to experience burnout. Also, women tend to draw in more diverse talent.

In India, women's economic contribution stands at 17% of the GDP, falling significantly below the global average of 40%. A 2019 Reserve Bank of India (RBI) survey of 1,246 startups revealed a significant gender disparity among their founders.

What are the future of women entrepreneurs? ›

The current business landscape is undergoing a positive shift with an increasing number of women entering the field. Women-owned enterprises, comprising only 20% of all businesses a few years ago, are projected to reach a substantial 33% by 2030.

Access to capital: Studies have shown that women-led start-ups receive significantly less investment and face more obstacles securing venture capital or loans compared to similar initiatives led by men. This lack of access to capital can hinder growth and expansion opportunities.

Women have a long-term view

They are more susceptible to getting caught in short-term goals, while women plan long-term. Women prefer to invest in sustainable growth that generates revenue and that allows them to keep investing in their business, rather than hurrying the expansion of their enterprises.

It has been observed that 8.05 million out of the total 58.5 million establishments were run by women entrepreneurs in India which is around 13.76 % of the total number of establishments.

Black women are the fastest-growing group of entrepreneurs in the U.S.—meet 3 who grew their side hustles into successful businesses. Black women make up less than 10% of the U.S. population, but they've emerged as the fastest-growing group of entrepreneurs, new research from GoDaddy has found.

As of January 2023: Women's overall employment has reached 99.9 percent,⁶ and prime-age women's employment stands at 100.0 percent⁷ of their February 2020 levels.

The bad news? Almost 1 in 4 businesses fail within the first year. Data from the Bureau of Labor Statistics looked at the status of businesses in March 2023. In that time, 23.2% of businesses that opened on or after March 2022 failed within a year.

Data on Women-Run Startups

Here are more stats about startups backed by brilliant women: In 2021, 49% of startups were formed by women. Only 2.5% of startups have solely female founders. Since 2016, startups founded by women have received only 4.4% of venture capital backing.