Business
According to the Center for Women's Business Research, around forty percent of all businesses in America are owned or co-owned by women. Between 2002 and 2007 almost twice as many businesses were created by women as by men. But male owned businesses took out far more loans. This tendency of women entrepreneurs to take out fewer loans and grow more slowly is well known. "Women tend to be ... more conservative and careful in their financial-management practices," says Susan Coleman, professor of economics at Hartford University in Connecticut. That may be the right strategy for this era, says Dr. Cornwall. "Those businesses that right now are taking on less debt are going to be those that are much stronger coming out of the recession......" Read more about this business trend.
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