The pros and cons of a growing trend in women-owned businesses

“Between 2014 and 2019, the number of women-owned businesses climbed 21%, to nearly 13 million; by contrast, the number of U.S. businesses overall increased just 9%” writes Kerry Hannon for To do so, I reached out to these two experts: First, the big picture: Women-owned businesses are exploding, according to the Amex report.For the first time, the annual American Express AXP, +0.40%   report on women-owned businesses in America looked at “sidepreneurs,” part-time entrepreneurs who work fewer than 20 hours a week on their businesses.The 2019 State of Women-Owned Business Report said the growth rate of sidepreneurship for women between 2014 and 2019 has been far greater than for all women-owned businesses: 39% vs. 21%.Women should look to local colleges to see if they have outreach programs for aspiring women entrepreneurs.

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