More Women Are Enjoying Being Their Own Bosses – New York Times

April 13, 2006 by  

There are 3 points I’d like to emphasize about this story (NYT$):

- SoLo (a business of one person) is a sensible and efficient model

- SoLo’s build their business upon existing foundations: skills, experience, talent, desires

- You will finance your SoLo business yourself, and its worth it

More Women Are Enjoying Being Their Own Bosses – New York Times:

More Women Are Enjoying Being Their Own Bosses


Douglas Healey for The New York Times

The center estimates that about 5.4 million firms fall into
the category of women-owned businesses with no employees, and they
generate an estimated $167 billion in sales annually. Most run their
businesses from home, and many are refugees from the corporate world.

"Work is changing," said Gwen Richtermeyer, director for research
at the Center for Women’s Business Research. "Women are becoming more
independent and sorting out ‘How do I do what I need to do to make
living?’ "

By not having employees, small-business owners are able to avoid
headaches and extra costs associated with maintaining a payroll and
health insurance. Still, keeping a small business alive can be
challenging. Finding financing is rarely easy; many entrepreneurs rely
on credit cards, family, friends and savings.

According to statistics provided by the Small Business
Administration’s office of advocacy, the one-year survival rate for
start-up businesses is 81 percent, the two-year rate 66 percent and the
four-year rate 44 percent.

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