What is behind the growth in women’s entrepreneurship?
The rise of women’s entrepreneurship since the 1980s has been extraordinary. In the late 1970s, women-owned businesses accounted for only 4.5 percent of all businesses. In 2008, more than 40 percent of all businesses were women-owned, according to the Small Business Administration. In the past decade, nearly two out of every three businesses were started by women, and this trend continues.
Beginning with the right to vote (August 1920) through civil rights legislation (1960s), social change has contributed to women’s business ownership. As social and political barriers decreased, access to education, capital, political influence and more role models was created.
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