Business

Why women are investing more in entrepreneurship

A new report by the Australian Business Foundation has found that women entrepreneurs are taking a lead in the industry.

The report is the first to look at the reasons behind women’s increased involvement in the business world and the trends it is changing.

Key findingsThe study found that the number of women-led companies in Australia has increased by more than 10 per cent over the past five years, while the number has dropped by more more than two per cent in the last decade.

It found that between 2009 and 2020, there were more than 2,500 women-owned companies in the sector.

In the last five years the number is now approaching two million, according to the report.

It found that about 90 per cent of these companies are based in the state of Victoria, and around 60 per cent are privately-owned.

The research also found that 40 per cent were privately-managed.

And women are more likely to be the owners of smaller companies.

The report also found a rise in the number and size of female-owned private companies.

Topics:business-economics-and-finance,business-news,government-and%E2%80%99s-government,finance-and/or-monetary-policy,women,business,businesses-and.australiaContact Anna WilliamsMore stories from Victoria