Today's small businesses are seeing both improvement and regression from their usual demographics. While an increasing number of women are starting and running their own operations, there are also new levels of small business employees experiencing financial struggles.
New businesses increasingly owned by women
In the past 17 years, the number of women-owned small businesses in the United States has been skyrocketing, growing by 68 percent, according to The Associated Press. That's twice the growth rate for male-owned businesses and almost 1.5 times the rate of growth for all companies overall.
What's more, women are starting nearly 1,300 small businesses each day in 2014, which is more than double the expected rates seen from 2011 to 2012.
While much of the growth has been attributed to an overall resurgence seen since the late-2000s recession, the trend won't end anytime soon. The number of women who own and operate their own locations will see continued improvement in the near future, as entrepreneurship expands and more women become aware of the opportunities afforded to them in the modern-day market.
Expectations are going further not just for ownership but for success. Nearly 70 percent of female business operators expect to see their revenue rise, and 56 percent expect to make new hires in the next year. Those rates are both slightly above men's answers to the same questions.
Benefits have some worried
Though there's positive news in the current small business market, there are also some potential pitfalls, Insurance News Net reported. A recent survey of more than 1,000 employees in the U.S. who worked for companies with fewer than 100 employees experienced concerns over various financial issues.
About 50 percent said they had low savings that could limit their retirement plans, while 39 percent expressed concerns about not being able to take care of emergencies or periods of illness or injury with their current savings. Another 33 percent worried about unemployment or medical costs.
However, it's been said that in response, small businesses are more likely than large employers to make insurance expenditures for their employees. More than 40 percent said they would improve life, disability, illness or accident insurance in their coverage.
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