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women-entrepreneurs leading change

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 W omen Entrepreneurs: Leading the Charge The number of employed women has been steadily climbing, and the number of self- employed women has been rising even faster. Over the past 15 years, the number of female employees rose by 30%, more than double the pace seen among male employees. But this impressive growth is dwarfed by the dazzling 50% growth seen among women who were self-employed 1 during the same period. What’s more, at an average annual growth rate of 3.3% since 1989, the number of women- run businesses is rising 60% faster than those run by men (Chart 1). Still, at the current count of just above 800,000, self-employed women constitute only one-third of the total number of self-employed Canadians, and men are still more likely to be running their own businesses across all age groups (Chart 2). Having said this, if the current pace of growth is maintained, the number of women-run enterprises will top the one million mark by the end of the decade. Chart 1 Women Drive Self-Employment Growth Employment Growth (1989-2004) 0 5 10 15 20 25 30 35 40 Paid Employees Self-Employed %  Self-Employment 90 100 110 120 130 140 150 160 89 92 95 98 01 04 Male Female Index 1989=100  

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