Bank of America releases the 2017 Women Business Owner Spotlight

We’re pleased to share the 2017 Bank of America Women Business Owner Spotlight, an annual study of more than 1,000 small business owners around the country focusing on the aspirations and concerns of women business owners.

According to this year’s report, the rules of business are changing, and women entrepreneurs are at the forefront of the transformation. A majority believe that over the next 20 years, women will achieve pay equity with men and will match or exceed them in executive leadership or C-suite roles, STEM (science, technology, engineering and math) field representation and small business ownership. In addition to these advances, women small business owners foresee a growing trend of support for women starting families, predicting that more states will adopt paid maternity leave policies within the next two decades.

This year’s study also found that compared to 2016, women entrepreneurs are more optimistic about the local, national and global economies improving over the next 12 months – though they are more cautious about hiring plans, revenue projections and long-term growth outlooks than one year ago.

The Spotlight also explored the struggles of achieving a work-life balance, finding that while many women entrepreneurs experience stress and long hours, a large majority actually feel they have a good balance between their work and home lives. They’re also really enjoying their work, primarily describing their average week as interesting, fulfilling and enjoyable.

Women entrepreneurs continue to show extraordinary resilience, and I am especially inspired by the big cracks in the glass ceiling that this group of business owners expects to see over the next 20 years.

Whether you’ve been in business for decades or just opened your doors this year, Bank of America is committed to helping provide you with a competitive advantage to sustain and responsibly grow your small business—that’s the Bank of America Business Advantage.

Sharon Miller, Managing Director, Head of Small Business, Bank of America

Download the 2017 Women Business Owner Spotlight

8/30/2017


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