When we opened Essential Oxygen as a woman-owned business, we didn’t realize that we were part of a bigger trend that’s changing the landscape of business across the country. That’s because the total number of women-owned business is exploding across the United States. No longer prevented by antiquated laws from owning a company or establishing credit, women are taking business by storm, employing more people and generating more income than ever before. In fact, women-owned businesses employ about 9 million people and generate over $1.7 trillion in revenue. And the rate at which women-owned businesses are growing is much faster than the rate of other businesses.
There are certain business types that find more women owning them than others. Services and health care, for two, are that find more women at the helm. And there are some companies that are experiencing phenomenal growth, including OrangeTheory Fitness. Want to learn more? This graphic reviews the topic.