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Thursday, November 10, 2005

Working Women become Entrepreneurs

Working mothers who can't get employers to offer flexible working arrangements are striking out on their own. "Women are starting businesses at twice the rate of all businesses," says Sharon G. Hadary, executive director of the Center for Women's Business Research, a Washington (D.C.) nonprofit. The center also found that from 1997 to 2004, employment at female-owned companies grew by 24.2%, more than twice the rate of the 11.6% logged by all businesses, and the pace of revenue increase was also higher -- 39% vs. 33.5%."

Source: Working Moms Tear Down Office Walls, BusinessWeek Online, SPECIAL REPORT: WORKING MOMS by Pallavi Gogoi, edited by Beth Belton

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