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There has never been a better time to be a woman business owner.&nbsp;For Women’s History Month, Franchise500’s Jeff Cheatham offered <a href="https://www.franchise500.com/article/421615?__hstc=163787360.43e6dd2e4629cfcb3b7656bf13285cef.1647553189504.1647553189504.1647553189504.1&amp%3B__hssc=163787360.3.1647553189505&amp%3B__hsfp=481022334&utm_source=1851franchise.com&utm_medium=article&utm_campaign=number-of-women-in-franchising-has-grown-each-year-since-2016-2718248" target="_blank" rel="nofollow">a look at the impressive strides females have made in the franchising industry</a>, which indicates a promising future for women in the industry.&nbsp;First, Cheatham looked at how much the rate of women-owned businesses has grown in the last half-century. The U.S. Census Bureau started keeping records of female entrepreneurs in 1972, when just 400,000 companies were women-owned. Today’s statistics show over 13 million businesses owned by women, a staggering 3,150% increase. <a href="https://www.guidantfinancial.com/small-business-trends/women-in-business/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=number-of-women-in-franchising-has-grown-each-year-since-2016-2718248#:~:text=Thirty%2Done%20percent%20of%20all,born%20between%201965%20and%201980)." target="_blank" rel="nofollow">Women now account for about one-third of small business owners and franchisees</a>, Guidant Financial reports.When it comes to <a href="https://www.franchiseinsights.com/franchise-prospects/historic-changes-in-franchise-prospect-demographics-womens-interest-in-franchises-suppressed-during-the-pandemic-is-now-rebounding-disproportionately/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=number-of-women-in-franchising-has-grown-each-year-since-2016-2718248" target="_blank" rel="nofollow">interest in franchise ownership, women are currently outnumbering men</a> in exploring possible investments, Franchise Insights reports. And that trend shows no sign of slowing; the number of women becoming franchisees has risen steadily for the last five years.About 33% of all female business owners and franchisees have been running their operations for more than a decade, the Guidant Financial data shows.Related stories:<ul><li><a href="https://1851franchise.com/5-female-led-franchise-brands-2715550#stories">5 Female-Led Franchise Brands</a></li></ul>

Number of Women in Franchising Has Grown Each Year Since 2016

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Data compiled by Franchise500 shows more and more women focusing on business ownership and breaking into the franchise world.

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Number of Women in Franchising Has Grown Each Year Since 2016

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