The Small Business Administration (SBA) has been monitoring women in franchising since the 1970s and found that the number of women starting their own businesses has been on the rise for decades now. One study found that 10% of all companies established between 1975 and 2000 were women-owned franchises.* The International Franchise Association (IFA) estimated the percentage of women operating franchises at 25%, which doesn’t include another 17 percent of the population where men and women operate franchises as partners.
Women today have more opportunities than ever to become franchise owners. Organizations such as the SBA and The Association of Women Business Centers have established workshops, seminars, mentoring programs and funding opportunities for women interested in operating a franchise.
Women also have a great variety of franchising options to choose from today. Gone are the days when women were simply relegated to working in more traditionally feminine businesses, such as beauty or health-related franchises. Today’s franchising world offers opportunities across all sectors and types of franchising, and, according to Franchising.com, there are female success stories in all of them.