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Risky Business

Please note: This item is from our archives and was published in 2007. It is provided for historical reference. The content may be out of date and links may no longer function.

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Women business owners are not only educated, but they’re risk-takers.


The 2007 Survey of Women Business Owners, sponsored by accounting firm RSM McGladrey, the Chicago chapter of the National Association of Women Business Owners, the University of Chicago and the Committee of 200, found 40% of the 650 respondents had postgraduate education, compared to 25% of all U.S. female professionals and 9% of all women in the work force.

Respondents also were asked, “How much risk would you take or have you taken to start or expand your business?”

The top two responses were to use up to 95% of personal savings and use a personal home as collateral.

Source: 2007 Survey of Women Business Owners,
www.rsmmcgladrey.com/Knowledge-Center/Downloads/WBOSurvey2007-1.