Sunday, January 31, 2010

Strengthening The Global Economy: The Female Factor

Women owned small businesses have a higher percentage of long term success.

Contrary to what many think,women entrepreneurs are highly motivated philanthropists . Studies show that they are more likely than men entrepreneurs to participate in leadership roles when they volunteer for charitable organizations.

In the report, "Leaders in Business and Community," is based on a national survey among 226 women and 235 men business owners."Nine out of ten business owners (92% of women and 88% of men) contribute money to charities, compared to 70% of all U.S. households surveyed by the independent Sector1 in 1999," noted NFWBO Chair Nina McLemore.

"Nearly one-third of the business owners surveyed by NFWBO (31% of women, 30% of men) make significant personal charitable contributions of $5,000 or more per year, including 15% and 13%, respectively, who contribute $10,000 or more." McLemore is President of Regent Capital, a private investment firm, and a member of C200.

Women build business and give back to their community in a more substantial way than their male counterparts.

Entrepreneurs are also active volunteers with charitable organizations. Seven out of ten of the business owners surveyed (68% of women, 72% of men) by NFWBO volunteer at least once in a typical month, compared to 62% of all women and 50% of all men in the U.S.
Read the Article at HuffingtonPost

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