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  • Women are now dominating small business startups

    Get rid of those old stereotypes.

    There are more women than men starting new businesses in the U.S.According to The Associated Press, women are taking the reins from men when it comes to starting up new small businesses. And it's not just by a little. Women are dominating the startup marketplace.

    From 1997 through 2014, the number of women-owned businesses surged by 68 percent across the country, which is much higher than the average rate of all businesses - 47 percent - created during that span, according to Census Bureau figures analyzed by American Express.

    In 2011-12, women started an average of 602 small businesses per day in the U.S. In today's environment, women have doubled that figure, starting 1,288 companies each day. That shows that women are not only smashing stereotypes that the business world is man-centric, but it also shows that people have enough faith in the economy to launch new businesses.

    "Women are becoming more aware of the opportunities for entrepreneurship," Susan Duffy, an executive director of the Center for Women's Entrepreneurial Leadership at Babson College, told the AP. "It's becoming more of an option for a career move than it ever has been in the past."

    She said that women are trying to follow in the footsteps of successful entrepreneurs such as Oprah and believes the trend is likely to continue.

    "More women are seeing themselves out there in their heroes in the business world," Duffy said. "They're saying, 'This is fabulous, I want to be like her.'"

    Women optimistic about the future
    Female business owners are more likely to be upbeat about the future compared to men, according to a survey from Bank of America. The survey revealed that 70 percent of women business owners expect their revenue to increase in the next year compared to 66 percent of men. Women are also more likely to hire in the next year - 56 to 50 percent - compared to men and seem more ambitious about their plans to expand. Sixty-eight percent of women plan to expand their business compared to 63 percent of men.

    "Thousands of women throughout the world have the ambition and potential to make an increased economic contribution, whether through starting their own businesses, getting a job or simply managing the family's finances," Linda Scott, founder of Power Shift, an annual symposium on women as economic actors in the global marketplace, told Business Because.

    Scott believes that more women around the world would be involved in starting small businesses if they had the means to do so.

    "But so many of them are unable to do so because of a raft of legal and cultural barriers that prevent them even opening a basic bank account," she added.

    Still difficult to land CEO jobs
    While women are taking over business startups, it's still hard for many females to land a high-profile job in a top company.

    Consultancy firm Mckinsey & Company reported that in most countries, research suggests there is a large gender disparity. In the U.S., just 16 percent of corporate board seats are occupied by women, which is a surprising stat because research suggests companies with a high representation of women in executive committees earn 55 percent more before interest and tax, according to Business Because. In China, women held just 8 percent of corporate board spots.

    But McKinsey & Company noted that women in the U.S. account for just 25 percent of America's gross domestic product. McKinsey reported that an equal rate of male and female employees would help the country make 40 million new hires needed to fill the high-skilled workers gap.