Risky Business


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.

SPONSORED REPORT

2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.