Geri Stengel

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Money's There If Small Businesses Know Where To Look

The number of women starting businesses is soaring — it’s 50% higher than the overall rate of startup businesses. But the percentage of women-owned businesses that break through the $1 million glass ceiling is less than one third the rate for  businesses led by men.

Access to capital is crucial to startup and growing companies and that seems to account for the difference in success. Undercapitalized companies have lower sales, lower profits, and generate fewer jobs.Six million jobs would be created over 5 years if women entrepreneurs started with the same amount of capital as men, according to Babson,  the leading college in entrepreneurial education and research.

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Photo credit: PT Money