Optimism Growing Among Women-Owned Small Businesses
Full Key4Women 2019 Financial Confidence Survey Report: https://www.key.com/businesses-institutions/business-expertise/articles/2019-financial-confidence-survey.jsp
"It's very clear that optimism is the feeling among women small business owners," said
Unlocking Access to Funding
One of the greatest difficulties for women starting their own businesses is access to funding for capital. 44% of women business owners have used their own personal funding to raise their start-up capital. The Confidence Survey Report shows that access is getting easier. In 2018, only 21% of women say they found no difficulty to access funding. That number has grown to 25% in 2019.
Leveling the Business Field?
While there are currently fewer women-owned small businesses compared to men, many women believe that could be changing. Among the women small business owners surveyed, 73% believe within the next five years, the number of businesses owned by men and women will either be similar, or women will own more businesses. Only 27% believe men will continue to own more businesses than women.
"Glass ceilings can be broken. We see that every day with the initiatives pursued by Key4Women. What can matter more today than it ever has is the right kind of guidance, having a strong network like Key4Women to rely upon for support to help grow their own businesses in the most effective way," said
For more information about the Key4Women®, please visit https://www.key.com/key4women
Since 2005, Key4Women® has supported women leaders and entrepreneurs through advocacy, connections and empowerment to help their careers and businesses thrive. The Key4Women® program is uniquely focused on introducing women business leaders to a network of likeminded professionals—both men and women; providing customized financial wellness and business development resources; and offering a platform to discuss overarching trends women experience in the workplace.
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