How do women entrepreneurs determine the ‘right’ time to start a business? The latest infographic from 501(c)(3) nonprofit organization SCORE uses findings from SCORE’s “The Megaphone of Main Street: Women’s Entrepreneurship” data report to uncover the answer.
The results, based on survey data collected from 20,000 business owners, are broken down by age ranges for female entrepreneurs. 27.8% of millennial women start a business because they see a market opportunity. Starting a small business coincides with starting a family for 25.8% of Gen Xers while 28.2% of baby boomers open a business out of necessity.