A recent study in 2011 by American Express OPEN showed that the fastest-growing segment of businesses is companies owned by women. Since 1997 the number of companies owned by women in New York state alone has increased 58% to more than 622,000. Nationwide New York is ranked third in the total number of businesses owned by women, Texas is second.

The 8.1 million businesses owned by women nationwide have revenues of $1.3 trillion, generating 7.7 million jobs. Women-owned businesses account for 4 percent of revenues and 6 percent of employment of all businesses nationwide, growing 50% between 1997 and 2011. Businesses owned by women nationwide are growing at a faster rate than overall businesses.

Women who want to start their own business should get rid of any doubts about their ability to compete with men!

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