88% of women-owned businesses generate less than $100,000 in revenue.
According to the small business revenue statistics, firms led by women that make over $1 million in revenue jumped by 46% over the last decade. This would be quite an impressive number, but these businesses make only 1.7% of all women-led companies. These businesses generated $135 billion in revenues, which makes for 8% of total revenues for all women-owned firms.
Source: WBENC
There are 2,142,800 Latina-owned businesses.
Latinas own 17% of all women-led businesses. This number has grown by 10% annually between 2007 and 2018 while the annual growth rate for the past year is 7%. These firms generated $51,400 in revenues.
Source: American Express
Women of color own 47% of all women-owned businesses.
Based on small business owner statistics, firms owned by women of color grew by 163% in the last decade. According to the American Express report, the main reason for this surge was the prolonged recession-recovery period which enticed women of color to turn to entrepreneurship to earn enough money to live on. As of 2018, women of color make for 47% of women-owned businesses, generate over $386 billion in revenues, and employ 2,230,600 people.
Source: American Express
Nearly half of the female business owners are between 45 and 65 years old.
It seems that the aging female bosses work longer. Almost half of all female business owners (48%) are between the 45-65 age range. Female business owners aged 25-44 make for 31% of this group.
Source: American Express