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Age of Owner Data from US Census’ Survey of Business Owners 2007 2.30% 11.40% 22.20% 30.20% 23.20% 10.60% Women-Owned Firms <25 25-34 35-44 45-54 55-64 65+
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Age of Owner Data from US Census’ Survey of Business Owners 2007.

Dec 22, 2015

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Page 1: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Age of Owner

Data from US Census’ Survey of Business Owners 2007

2.30%

11.40%

22.20%

30.20%

23.20%

10.60%

Women-Owned Firms

<2525-3435-4445-5455-6465+

Page 2: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Education Level of Owner

Data from US Census’ Survey of Business Owners 2007

4%

21%

7%

18%8%

26%

16%

Women-Owned Firms

Less than HS

High School

Technical, Trade, Vocational

Some college, no degree

Associate's degree

Bachelor's degree

Advanced degree

Page 3: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Minority Women-Owned Businesses

Data from US Census’ Survey of Business Owners 2007

White African American

Hispanic Asian American Indian/ Native

Alaskan

Native Hawaiian/ Pacific Is-

lander

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000 6359

912 788 52397 15N

umbe

r of F

irm

s

(in thousands)

Page 4: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Growth of Minority Women-Owned Businesses, 2002 to 2007

Data from US Census’ Survey of Business Owners 2007

White African American

Hispanic Asian American Indian/ Native

Alaskan

Native Hawaiian/ Pacific Is-

lander

0

10

20

30

40

50

60

70

80

14%

66.7%

45.7%

54%

23.3%

41.4%

% G

row

th

Page 5: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Growth of Minority Women-Owned Businesses: Employee Firms, 2002 to 2007

Data from US Census’ Survey of Business Owners 2007

White

Africa

n American

Hispan

icAsia

n

American

Indian

/ Nati

ve Alas

kan

Native

Hawaii

an/ P

acific I

slander

-20-10

010203040506070

-4

18.8 23 28.9

-7.6

64

% G

row

th

Page 6: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Characteristics of Women-Owned Businesses: Geography

Data from US Census’ Survey of Business Owners 2007

30.6%-34.5%

28.8%-30.5%

24.8%-28.7%

22.1%-24.7%

Page 7: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Characteristics of Women-Owned Businesses: Industry

Data from US Census’ Survey of Business Owners 2007

Construction

Educational services

Arts, entertainment, and recreation

Real estate and rental and leasing

Administrative and Support and Waste Management and Remediation Services

Retail trade

Professional, scientific, and other technical services

Health care and social assistance

Other services

0200

400600

8001,000

1,2001,400

(in thousands)

Page 8: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Characteristics of Women-Owned Businesses: Industry

Data from US Census’ Survey of Business Owners 2007

(in thousands)

Management of companies and enterprises

Utilities

Mining, quarrying, and oil and gas extraction

Agriculture, forestry, fishing, and hunting

Information

Manufacturing

Wholesale trade

Transportation and warehousing

Accomodation and food services

Finance and insurance

0 200 400 600 800 1,0001,2001,400

Page 9: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Characteristics of Women-Owned Businesses: Employees

Data from US Census’ Survey of Business Owners 2007

88%

12%No paid employees

Paid em-ployees

1-4

5-9

10-19

20-49

50-99

100-499

500+

0 100 200 300 400 500 600

Of 12% with paid employees:

# of

em

ploy

ees

(in thousands)

Page 10: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Characteristics of Women-Owned Businesses: Receipts

Data from US Census’ Survey of Business Owners 2007

Less than $5,000

$5,000-$9,999

$10,000-$24,999

$25,000-$49,999

$50,000-$99,999

$100,000-$249,999

$250,000-$499,999

$500,000-$999,999

$1,000,000 or more

0 500 1,000 1,500 2,000 2,500

Sale

s/re

ceip

ts o

f firm

(in thousands)

Page 11: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Large Revenue Women-Owned Businesses

Data from US Census’ Survey of Business Owners 2007

• There are 141,502 women-owned firms with receipts of $1 million or more, just 1.82% of all women-owned firms.

• These large revenue firms generate total receipts of $835.7 billion annually.

• A full 97% of these firms are employer firms, employing 4.7 million people across the country with a payroll of $159.1 billion. These employer firms have average receipts of $6.1 million.

• Just 2.9% of these firms do not have any paid employees. They generate average receipts of $1.8 million annually.

Page 12: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Large Revenue Women-Owned Businesses: Industry

Data from US Census’ Survey of Business Owners 2007

Real estate and rental and leasing

Accomodation and food services

Administrative and Support and Waste Management and Remediation Services

Manufacturing

Health care and social assistance

Professional, scientific, and other technical services

Construction

Wholesale trade

Retail trade

0 10,00020,000

30,000

Number of companies

Page 13: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Large Revenue Women-Owned Businesses: Industry

Data from US Census’ Survey of Business Owners 2007

UtilitiesAgriculture, forestry, fishing, and hunting

Mining, quarrying, and oil and gas extractionEducational services

Management of companies and enterprisesArts, entertainment, and recreation

InformationFinance and insurance

Other servicesTransportation and warehousing

0 10,00020,000

30,000

Number of companies

Page 14: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Business As Primary Source of Income

Data from US Census’ Survey of Business Owners 2007

Yes No0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

All firmsWomen-Owned Firms

Page 15: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Initial Acquisition of Business

Data from US Census’ Survey of Business Owners 2007

Founded Purchased Inherited Transfer or Gift

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

All FirmsWomen-Owned

Page 16: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Source of Capital to Start/Acquire

Data from US Census’ Survey of Business Owners 2007

Personal/f

amily sa

vings

Personal/f

amily asse

ts other t

han savin

gs

Personal/f

amily home equity

loan

Credit C

ard

Govern

ment busin

ess loans

Govern

ment-guara

nteed

bank busin

ess loan

Bank Busin

ess Lo

an

Business

loan/inve

stments

from fa

mily/fr

iends

Investm

ent by v

enture ca

pitalis

t(s)

Grants

Other

Don't Know

None needed0.00%

10.00%20.00%30.00%40.00%50.00%60.00%70.00%

All Firms Women-Owned

Page 17: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Source of Capital to Start/Acquire

Data from US Census’ Survey of Business Owners 2007

Personal/f

amily sa

vings

Personal/f

amily asse

ts other t

han savin

gs

Personal/f

amily home equity

loan

Credit C

ard

Govern

ment busin

ess loans

Govern

ment-guara

nteed

bank busin

ess loan

Bank Busin

ess Lo

an

Business

loan/inve

stments

from fa

mily/fr

iends

Investm

ent by v

enture ca

pitalis

t(s)

Grants

Other

Don't Know

None needed0.00%

10.00%20.00%30.00%40.00%50.00%60.00%70.00%

Employer Firms Non-employer Firms

Page 18: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Amount of Capital to Start/Acquire

Data from US Census’ Survey of Business Owners 2007

<$5K $5K-$9,999 $10K-$24,999 $25K-$49,999 $50K-$99,999 $100K-$249,999

$250K-$999,999

$1M+0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

All Firms Women-Owned

Page 19: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Amount of Capital to Start/Acquire

Data from US Census’ Survey of Business Owners 2007

<$5K $5K-$9,999 $10K-$24,999 $25K-$49,999 $50K-$99,999 $100K-$249,999

$250K-$999,999

$1M+0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

45.00%

Employer Firms Non-employer Firms

Page 20: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Source of Capital to Expand in 2007

Data from US Census’ Survey of Business Owners 2007

Personal/f

amily sa

vings

Personal/f

amily asse

ts other t

han savin

gs

Personal/f

amily home equity

loan

Credit C

ard

Govern

ment busin

ess loans

Govern

ment-guara

nteed

bank busin

ess loan

Bank Busin

ess Lo

an

Business

loan/inve

stments

from fa

mily/fr

iends

Investm

ent by v

enture ca

pitalis

t(s)

Business

profits/

assets

Grants

Other

Don't Know

Did not exp

and0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

All Firms Women-Owned

Page 21: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Seasonal or Part-time Business

Data from US Census’ Survey of Business Owners 2007

Operated less than 40 hrs per week

Operated less than 12 months

Seasonal business Operated occasionally0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

45.00%

50.00%

All Firms Women-Owned

*In 2007, did any of the following characteristics describe the activity of this business?”

Page 22: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Seasonal or Part-time Business

Data from US Census’ Survey of Business Owners 2007

Operated less than 40 hrs per week

Operated less than 12 months

Seasonal business Operated occasionally0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

Employer Firms Non-employer Firms

*In 2007, did any of the following characteristics describe the activity of this business?”

Page 23: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Types of Customers*

Data from US Census’ Survey of Business Owners 2007

Federal gov't State or local gov't Other business or organizations Individuals0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

All Firms Women-Owned

*”In 2007, which of the following types of customers accounted for 10% or more of this business’s total sales of goods and/or services?”

Page 24: Age of Owner Data from US Census’ Survey of Business Owners 2007.

Benefits of Employer Firms

Data from US Census’ Survey of Business Owners 2007

Health in

sura

nce

Contributions t

o retire

ment plans

Profit s

haring or s

tock options

Paid holidays,

vaca

tion, or s

ick le

ave

None of the above

0.00%10.00%20.00%30.00%40.00%50.00%60.00%

All Firms Women-Owned

*”In 2007, which of the following employee benefits were paid totally or partly by this business?”