Latest Women Business Owner Insights from Bank of America
Bank of America recently released the 2024 Women and Minority Business Owner Spotlight, featuring the latest viewpoints, aspirations and concerns from women, Hispanic-Latino, Black/African American and Asian American and Pacific Islander (AAPI) business owners.
Women business owner insights include:
Women business owners are cautiously optimistic about the upcoming year. Most anticipate revenue increases and over half plan to expand their business.
Women business owners are moderately confident that the economy will improve over the next year.
Women business owners are strategizing for the year ahead, implementing expansion strategies at higher rates than their male counterparts.
Work-life balance continues to be a priority for women business owners, with many balancing their personal and professional responsibilities.
Interested in learning more about the state of women and minority business owners? Read the full report here.
Whether you’ve been in business for decades or are just starting out, Bank of America is committed to helping provide you with the resources necessary to manage, sustain and grow your business.
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1moThis echoes what I've been hearing in networking groups this Q4. And I've had multiple conversations about many of these business owners finally hiring their first Virtual Assistant in the new year because experts have been saying for years that engaging the right VA leaves the business owner with the time and clarity to focus on scale and growth!
🌟Founder & CEO of TMB Tax & Financial Services Benefit Corporation (Certified B Corp) Powered by Bankably™ 🌟Host of The Black & Bankable CEO Podcast
1moThanks for sharing this!