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Women Entrepreneurship in the 21st Century
President George W. Bush
U.S. Secretary Elaine Chao
U.S. Secretary Paul O'Neill
U.S. Secretary Ann Veneman
Administrator Hector Barreto
March 18-19, 2002
Washington, DC 

eFORUM Results 
Day 1 | Day 2
How long have you owned your business?

%

I am considering or in the process of starting a business 15
Less than 1 year 6
1 to 5 years 27
6 to 7 years 8
8 to 10 years 9
More than 10 years 34
Excluding yourself how many employees do you have?
Zero 47
1 to 4 26
5 to 9 8
10 to 19 4
20 to 49 7
50 or more 8
What kind of connection to the internet do you have for your business?
T1 or better 16
DSL or cable modem 40
Satellite or other wireless 1
ISDN 3
Dial-up modem 36
None 2
Don't know 3
What type of employer-sponsored pension plan do you offer your employees?
401(k) 25
403(b) 3
SEP-IRA 13
Standard IRA 4
Defined Benefit (DB) 4
Cash balance 2
Keogh 2
Other 6
None 40
Are you planning to hire anyone in the coming months?
Yes 60
No 28
Unsure 13
In your experience, how difficult has it been to raise private investment?
Very difficult 64
Moderately difficult 20
Only slightly difficult 6
Not at all difficult 11
What is the best way to ensure that women-owned businesses are awarded the congressionally mandated 5% goal of federal contracts?
Strong leadership 23
More regulation 6
More accountability 50
More government set-asides 21
Looking forward, how confident are you that your business finances will improve over the next six months?
Extremely confident 25
Very confident 36
Just a little confident 29
Not at all confident 10
Which of the following best describes your primary means of obtaining the capital necessary to run your business?
Personal savings or assets 53
Second/third mortgage 5
Borrowed money from a family member 6
Borrowed money from a friend, colleague or acquaintance 3
Personal credit card 10
Loan from a local bank 24
Is your current business...
Your sole source of income 74
A secondary source of income 26
How important is it for you to provide a family-friendly work environment?
Extremely important 61
Very important 26
Slightly important 9
Not at all important 4
In your opinion, does the government contracting system discourage small entrepreneurs?
Yes 79
No 6
Unsure 14
In the next 12 months, do you project that the amount of business that you do with the federal government will…
Increase greatly 9
Increase somewhat 16
Stay about the same 14
Decrease somewhat 2
I need more info on federal contracts 59
What is the top difficulty in regards to providing a pension plan for your employees?
Pensions are expensive 34
Complex laws are confusing 17
Company is new and or profits aren't consistent 41
High turnover - too many new and part-time employees 9
What is the biggest obstacle you face in providing health benefits to your employees?
Federal and state coverage mandates 2
Administrative and regulatory burdens 1
Cost 76
Lack of purchasing power/negotiating ability 21
Thinking about the current state of your business, would you rate your business finances as…
Excellent 7
Good 31
Fair 37
Poor 25

 

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