Cities with the Most Female Business Owners
[ Article originally appeared in https://backgroundchecks.org ]
While women-owned businesses are becoming a more significant part of the economy, the Census Bureau’s data also shows that women’s experiences of entrepreneurship frequently look different than men’s. Notably, the industries that women tend to start businesses in are different from the most common industries for men. In particular, fields like health care and social assistance or accommodation and food service tend to have higher proportions of women-owned businesses. And in part due to these differences in industry, women-owned firms tend to pay less per employee (-30.1%) than the national average.However, these differences also extend to women’s reasons for getting into business in the first place. Women are more likely than men to report that flexible hours or balancing work and family obligations were very important when deciding to start a business. Meanwhile, men are more likely to say that the possibility of earning greater income or wanting to be their own boss motivated their decision to start a business.
It is most common for both female and male business owners to still be with their first business, but more female business owners (55%) are involved with their first business than their male counterparts (47.5%). In contrast, men are more likely to have moved on from a previous business in some form. Men more frequently respond that they still operate a previous business, that their business was sold to another company or individual, or that a previous business is no longer in operation.
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