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Most New Small-Business Jobs to Have a Woman as Top Boss
March 7, 2010 | Leave a Comment
Posted by: Kathleen Daniel
According to Avivah Wittenberg-Cox, co-author of Why Women Mean Business: Understanding the Emergence of Our Next Economic Revolution, and CEO of 20-first, a company that helps organizations develop more inclusive leadership styles, gender-balance in their management teams and better respond to women as employees and consumers – one in three new US jobs in next 8 years is expected to be at a woman-run company Here are the stats from a recent newsletter: Guardian Life Small Business Research Institute predicts that about one-third of US jobs created over the next eight years are expected to be at women-owned small businesses, a projection even the Institute calls “striking”, since jobs at women-run businesses now make up only 16% of the total. More than half of all jobs created by small businesses are expected to be at companies owned by women – most likely because women-run companies have handled the financial crisis better.
Why Women Mean Business was named a business book of the year by Conference Board Review, the quarterly magazine of The Conference Board, the world’s preeminent business membership and research organization. Their predictions come from analyzing the 15 million jobs the U.S. Bureau of Labor expects will be created by 2018. Among reasons cited for the surge in growth in “women-bossed” new jobs include greater flexibility from higher rates of self-funding among women’s businesses than men’s, the faster growth rate for women-owned businesses, and the fact that the fields and occupations dominated by women are expected to grow in coming years.
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