Women in the United States continue levelling the field of business ownership between men and women. As the number of women-owned businesses climbs, many believe that the number of women owned businesses will reach that of men-owned within the next five years. In addition, the surveyed women believe their own business’ growth will continue. In Key4Women’s 2019 Financial Confidence Survey, 71% of 250 women small business owners have high hopes of meeting their goals within the next 12 months.
A common difficulty for women entrepreneurs wishing to start a business is often access to capital. Even this is showing signs of improving, with the report stating that 25% of those surveyed had no trouble accessing funding. This number is a 4% increase from 2018’s 21%, but still has a long way to go. 44% of women still said that they personally funded their start-up.
“Glass ceilings can be broken. We see that every day with the initiatives pursued by Key4Women. What can matter more today than it ever has is the right kind of guidance, having a strong network like Key4Women to rely upon for support to help grow their own businesses in the most effective way,” said Key4Women’s Director Barb Smith. “If we can continue the trends of access, along with the optimism we’re hearing in survey results like this, we are truly going to see women in business reach new levels, and we’ll all be better for it.”
