A mountain of research shows that women frequently succeed in business despite a host of problems men generally don’t have to face.
What would happen if women-owned businesses vanished from the U.S. economy tomorrow?
The Center for Women’s Business Research (CWBR) has the answer: a loss of $2.8 trillion and a major blow for 23 million job-seekers. That’s 16 percent of the U.S. labor force. And it’s not even the report’s most astounding figure. Researchers conducted the study to learn just how much women-owned businesses contribute to boost the national economy. They discovered if society could access all the untapped potential these female-led companies possess, those businesses would have the possibility to generate $10 trillion in revenue (roughly three to four times greater than current numbers).
The CWBR’s annual data sets are just one way to look at how women play a major role in the American workforce. Here are a few others that drive home the point.