Here are some interesting statistics for you… 

Canadian Women in Business Summary: (Source: Stats Canada)

 • 4 out of 5 businesses are started by women.

 •On average, women business owners are younger and have fewer years of management or ownership experience compared with male business owners.

 •Women entrepreneurs are much more likely to choose to start and run small businesses in the retail and service sectors.

 •Women entrepreneurs do not make as much money on average as male entrepreneurs.  

 •Women in business perceive more barriers to doing business than their male counterparts.

 •The majority of majority women-owned firms (85 percent) are microbusinesses employing fewer than 5 people.

And there’s more;

Where women differ from their male counterparts is how they view growth. Women business owners view growth to be less important, less likely and of lower value than men. They view the personal demands related to growth as negative and adding stress to their lives. An overwhelming 84% of women feel their business has reached a size they are comfortable with and don’t want to grow. This compared to 37% for men. They feel they lack the managerial experience, spousal support and peer support networks needed to grow.

According to the 2004 CIBC Small Business Outlook Poll, “on average, revenues generated by women-run businesses are significantly lower than those seen in businesses operated by men. A third of all enterprises run by women generated less than $50,000 in annual revenue, double the number among firms run by men, the survey said. At the same time, more than 20 per cent of firms owned by men generated annual revenue of more than $500,000, almost double the number among women.”

“In addition, women, unlike men, said they would be better off financially if they were working as employees rather than as business owners. When asked whether they were making more money than they would if they worked for someone else, female entrepreneurs were much less likely to agree (38 percent) than their male peers (55 per cent), the survey found.”

Okay – this last one really got me!

Although women have a come a long way – there’s still work to do!

Did you start your own business to have all the freedom, flexibility, fulfillment, family-time, and fun that life has to offer? But – lately you’ve realized that you’ve traded them all in for frustrated, frazzled, and freakin’ tired?!

You may even find yourself compromising the things you value the most because you’re not working with enough of the right customers, you’re having problems keeping yourself accountable, sales are down, or you just don’t have much free time to breathe.  

You’re possibly short-changing your family, friends, and employees, as well as yourself. There is no fun in that!

I want to help you! I have room in my schedule right now for 5 people to receive a one hour complimentary strategy session that will uncover your challenges and set you up for success. You can build a stronger business – one step at a time! I’ll show you how!

E-mail me at shari@molchanfinancial.com


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