There are shared experiences among women entrepreneurs regarding barriers faced. Some of these shared experiences include the following: lack of start-up capital, resources, access to loans, gender discrimination within male-dominated sectors, lack of availability and access to strong networks, inability to receive government contracts, children, and family obligations.*
Although there are multiple barriers faced, women business owners have continued to move forward with dreams and aspirations of owning businesses. As of 2012, there were 9,878,397 women-owned businesses in the United States. That’s an increase of 2,086,282 businesses, or 26.8%, from 2007.
According to a report generated for the National Women's Business Council, on average, women start with half as much capital as men. However, between 2008-2011, for firms with growth at or exceeding 30%, women owned businesses stood at 58.2%. This is compared to 52.9% of men-owned businesses.***
These statistics indicate that tenacity and stamina are critical factors in building resilience. Women business owners are forging ahead, in spite of fears that may be encountered.