Desperate to turn things around? Take a fresh look at women-owned businesses. Far from being a niche market, they could be the tipping point for a global economic comeback.
The Center for Women’s Business Research study shows that there are about 8 million women-owned enterprises in the US. Those businesses have an annual impact of nearly US$3 trillion dollars and create or maintain more than 23 million jobs — 16% of all US employment.
Women entrepreneurs have economic clout. Greater participation of women in the labor force correlates with higher GDP growth.
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