Cracking the Glass Ceiling
A quick glance at women’s entrepreneurship statistics can be disheartening. A survey conducted by the U.S. Census Bureau found that women own less than 30 percent of businesses which generate only four percent of total revenues and six percent of employment. However, equally-owned firms (where women own 50 percent) and women owned firms together account for 46 percent of all businesses in the U.S, painting a less dim picture. Women only occupy 12.6 percent of board seats (to learn about how you can help increase this figure, register for our upcoming webcast on board memberships) and are much less likely to be the chair than their male counterparts.
However, it’s important to remember that the tides are changing. Women currently earn 60 percent of bachelor’s and master’s degrees and the number of women enrolled in MBA programs is five times what it was in the 1970s. These women hold the right tools and knowledge to form and run their own successful businesses.
The success of WPO members reminds us that with hard work, determination, and business savvy, women are able crack through the once seemingly impermeable glass ceiling. The WPO is proud to have both women-owned and equally-owned firms within its membership as both promote and illustrate the importance of women in the world of business. Women-led and women-owned firms are the greatest equalizer for women in business.