According to the sixth annual report from Womenable and American Express OPEN on the state of women-owned businesses in the U.S., more and more female founders are starting businesses. What’s even more exciting is that between 2007 and 2016, while the total number of business across the US increased by 9%, the number of women-owned firms increased by 45%—a rate five times the national average. Women-owned businesses now account for 30% of privately held companies in the US, and these studies show us that these businesses will create more than 5 million new jobs nationwide by 2018.
This presents an interesting challenge for women, many of whom will be running a business at the same time as parenting their family. “Mompreneurs,” as they’ve more recently been termed, are now in the spotlight.
There’s very little data available on female founders who are also mothers, so 99designs did a study to help understand the profile of these women. They surveyed of over 500 mom entrepreneurs and identified their motivations, techniques for managing their time, and sacrifices they are making for entrepreneurship represented in this infographic on mom entrepreneurs.
The Mompreneur: How They’re Balancing Business and Family Life [INFOGRAPHIC]