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Focus on Women in Business

Some facts to support WHY there is (and should be) such a big focus on women in business…

  • Women account for approximately 52% of the population and 66% are considered to be of working age (i.e. 15-64) (Source 1)
  • Almost 1/3 of registered businesses are owned by women (source 2&3)
  • Almost 2/3 of women business owners have revenues UNDER $200k p.a. more disturbingly 27% are under $50k p.a. – 34% between $50k – $200k p.a. (source 3)
  • Women in their own business typically earn 40% LESS than employed women women business owners average weekly income is $522 compared to the weekly average of $843 for their employed counterparts (Source – 1)
  • There has been a 46% increase in the number of women business operators over the last two decades with 44% being aged 40-54 (an age where many unsuccessfully seek re-employment in the general workforce) (Source -2)
  • 47% of women business operators had dependent children living in their household (Source -2)
  • 78% of businesses owned by women started from scratch, 12% purchased, 10% from other sources e.g. inheritance (source 2)

So now we know some of the issues, the real question becomes ‘HOW do we change these appalling stats and create better results for these women?’

One of the keys to change is education which is why TSBI (in conjunction with Business in Heels – the National Women’s Business network) are proud to offer a comprehensive Business Development Program especially FOR Women either starting or running their own small business.

Find out more about this exciting program – details available here

Resource Sources:

  • Australian Demographic Statistics 3101.0 – June 2015
  • A profile of Australian Women in Business prepared by the ABS for the Office of Women, 2015
  • Counts of Australian Businesses – ABS 8165.0 June 2010 to June 2014

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