Growth of women in this field has surpassed that of men in recent years. There was a large amount of growth between 1988 and 1996 of women in management level positions in the public administration, services, transportation and public utilities fields, although women in management level positions are less likely to be employed in manufacturing, construction, transportation and public utilities than men. This gap indicates that substantial profits were accrued by women-owned businesses. As sales and receipts for women-owned firms with paid employees increased, so did the payroll costs. These growth trends in sales volume, receipts, and payroll have ensured that women-owned businesses are an economic force to be reckoned with.
Many women start their own business based on a desire for self-determination and personal challenge.
Other incentives for woman business owners are respect, recognition, and self-esteem. These businesses had few assets and low earnings. This means that roughly 128,000, or one-third, of this type of establishment, are owned by women. This generation of top management will have to leave before there's substantial change. Styles It has been suggested that some women unintentionally limit their own advancement.