Successes of Women in the Workplace and Entrepreneurship

May 20, 2024

Successes of Women in the Workplace and Entrepreneurship

While there is a growing recognition of the challenges women face in the workplace, particularly during menopause, statistics specifically addressing productivity and profit for women entrepreneurs navigating menopause are less prevalent. However, here are some general statistics related to women in the workplace and entrepreneurship that may provide context:

**Women in the Workplace**
According to the U.S. Bureau of Labor Statistics, as of December 2021, women made up 47.2% of the total labor force in the United States.
Women continue to make strides in leadership roles, with the percentage of female CEOs of Fortune 500 companies reaching a record high of 10.4% in 2023, as reported by Fortune Magazine.
Research from McKinsey & Company suggests that diverse leadership teams, which include women, are associated with higher financial performance. Companies in the top quartile for gender diversity on executive teams were 25% more likely to have above-average profitability.

**Women Entrepreneurs**
According to the National Association of Women Business Owners (NAWBO), as of 2021, there were an estimated 12.3 million women-owned businesses in the United States, generating $1.8 trillion in revenue.
Women-owned businesses are growing at a faster rate than the overall national average. Between 2014 and 2019, the number of women-owned businesses increased by 21%, while all businesses increased by only 9%, according to American Express’s State of Women-Owned Businesses Report.
Research by SCORE, a nonprofit organization dedicated to supporting small businesses, suggests that women-owned businesses are more likely to be profitable. In a survey of over 17,000 entrepreneurs, women-owned businesses reported higher revenues and profits compared to male-owned businesses.

While these statistics provide insights into the contributions and successes of women in the workplace and entrepreneurship, specific data on the productivity and profitability of women entrepreneurs navigating menopause may require more targeted research and analysis. Nonetheless, these broader statistics highlight the significant impact women have in driving productivity and profit across various sectors of the economy