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Want to be your Own Boss? a Women Business Owner?

Business Life-Cycle

This time last year, the Australian Women Chamber of Commerce and Industry (AWCCI) conducted the first national survey of female business owners, featuring results from some 3000 women. I thought it opportune to revisit their findings as I suspect not too much has changed in 12 months…

  • Women own almost 40% of small businesses in Australia
  • there are more than 700,000 female-owned businesses
  • Women’s superannuation funds and income are lower
  • 24% of female business owners work 41-50 hours per week, 20% work up to 70 hours
  • 76% work Saturdays, 64% work Sundays
  • 17% have a turnover of $100,000-$250,000 per year
  • 71% are running their first business
  • 70% are providing a service
  • 52% do not pay themselves a market wage
  • 62% used social media in their business, mainly Facebook
  • 57% work with their spouse
  • 79% do not sell online
  • 47% work from home
  • 42% start with less than $5000

and my guess is that a large percentage of them are not building an asset to sell, nor are they considering an exit strategy.

Think I might address each one of these over the coming weeks as it seems we have a lot of work to do…

Related posts:

  1. Women The ‘Super Losers’…
  2. 3% of women-owned businesses make $1million or more a year; so why are you in your Mother of a Business?
  3. Female Owned Businesses Responsible for Job Creation in the U.S…

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