NAWBO National Survey Reveals Women Business Owners Plan to Hire More Staff, But Not Incur More Debt

WASHINGTON, May 24, 2017 /PRNewswire-USNewswire/ -- The National Association of Women Business Owners (NAWBO) is announcing results from their Annual Membership Survey. The National Association of Development Companies (NADCO) served as a partner on the survey.

The Annual Membership Survey reveals that many women business owners who responded plan to hire more staff in the year ahead (32.67%). At the same time, the vast majority (79.65%) have no plans to pursue financing options in 2017. 

The survey also revealed that more than a third (35.33%) of women business owners who responded work between 40-49 hours a week, more than half (53.43%) have carried business costs on a personal credit card and nearly one-third (32.29%) have never given themselves a raise.

"Women business owners are one of the fastest growing segments of our economy, a trend that is likely to continue, especially if we provide the tools and resources for more women to start and grow their businesses," said Teresa Meares, NAWBO National Board Chair.  "As our survey reveals, women business owners put so much of themselves and their resources into their business.  They could accomplish even more with additional loan and financing programs. That is why we continue to advocate for the modernization and expansion of programs within the Small Business Administration to do just that.  We are proud to work with SBA toward achieving that shared goal."

The majority of respondents to the survey cited taxes and regulations (52.52%) as the top advocacy issues impacting their business. Workforce issues, including healthcare and pension reform, ranked as the second impactful set of issues at 25.87%.

"Women business owners are a rapidly growing force in the American entrepreneurship story – we are so privileged that NAWBO invited NADCO to collaborate with them on this survey so that we can better understand and serve women entrepreneurs seeking access to capital for fixed assets in the future," said NADCO President and CEO Barbara A. Vohryzek.

Click Here to view 2017 NAWBO Member Survey Infographic.   

About NAWBO
Founded in 1975, the National Association of Women Business Owners (NAWBO) is the unified voice of America's more than 9.1 million women-owned businesses representing the fastest growing segment of the economy. NAWBO is the only dues-based organization representing the interests of all women entrepreneurs across all industries. NAWBO develops programs that help navigate women entrepreneurs through the various stages of their business growth.

SOURCE National Association of Women Business Owners

Related Links

http://www.nawbo.org