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| ABOUT | ||
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| SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market. | ||
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Anita Campbell, Editor |
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| Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more) | ||
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Small Business Trends Radio Tuesdays, 1:00 PM Eastern U.S. time on Voice America network Click to listen November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details. |
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Sunday, December 07, 2003 | |
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Women-Owned Family Businesses on the Rise | |
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Results of the American Family Business Survey published this year contained some telling data on women-owned family businesses.
First of all, they're on the rise. There are 37% more of them than five years earlier. No surprise there. As a society we are becoming more gender balanced in the economic and business arenas. Whether a jump of 37% could have been anticipated may be open to debate, but that debate would center on the size, not the direction of change. The survey also discovered that women-owned family businesses do more with less. Women-owned businesses had lower revenues on average ($25.4 million) than those owned by men ($30.4 million). However, they generated those revenues far more efficiently. The median number of employees for male-owned family businesses was 50 while that for female-owned businesses was 26. Calculating from those numbers women-owned family businesses turn out to be 1.7 times more productive than those owned by men. Women-owned businesses also seem to get more out of their boards. Sixty-six percent rated their board's contribution as good or outstanding while male-owned family businesses gave those ratings to only 57%. If the CEO's retirement is anticipated, woman-owned businesses are also more likely to have chosen a successor (49%) than businesses owned by men (40%). Women as both owners and CEOs of family businesses is trending higher, and the results they are getting are impressive. Read more on Women in Family-Owned Businesses. Check out the full American Family Business Survey. |
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