{"id":3910,"date":"2016-08-06T08:16:19","date_gmt":"2016-08-06T13:16:19","guid":{"rendered":"http:\/\/bizwomenrock.com\/?p=3910"},"modified":"2016-08-06T08:16:19","modified_gmt":"2016-08-06T13:16:19","slug":"three-four-female-small-business-owners-say-glass-ceiling-still-exists","status":"publish","type":"post","link":"http:\/\/bizwomenrock.com\/beta\/three-four-female-small-business-owners-say-glass-ceiling-still-exists\/","title":{"rendered":"Three in four female small business owners say glass ceiling still exists"},"content":{"rendered":"

By:\u00a0Jana Kasperkevic<\/a><\/p>\n

\n
<\/div>
Bank of America survey also shows 28% of women owners feel they have less access to capital, borne out by 2014 study that they receive only 4.4% of loans<\/figcaption><\/figure>\n

The US may have the first female presidential nominee of a major political party in Hillary Clinton, but the glass ceiling for American women is far from shattered. According to a new survey, three in four female business owners believe women and minorities face almost insurmountable barriers to the top jobs.<\/p>\n

A Bank of America survey<\/a> of 1,000 small business owners found that 77% of female business owners believe women and minorities receive fewer advancement opportunities, and 46% of female business owners felt limited by the glass ceiling. Small business owners were defined as having a revenue between $1m-$5m and fewer than 100 employees.<\/p>\n

\u201cUntil recently, within lifetimes of many people in this room, women really were not allowed to open businesses on their own,\u201d Maisha Walker, president-elect of New York\u2019s chapter of National Association of Women Business Owners (NAWBO), said.<\/p>\n

\u201cThat\u2019s why NAWBO was founded because in 1973 \u2013 three women tried to join the Chamber of Commerce and they were not allowed to,\u201d Walker said. \u201cIt\u2019s so shocking to think that that was so recent. They couldn\u2019t sign for business loans without a man.\u201d<\/p>\n

Over the past 40 years, women had a lot of catching up to do, she added.<\/p>\n

\u201cThere are lot of industries where men are just entrenched and that\u2019s just the way things are,\u201d Walker said. \u201cThat doesn\u2019t mean they aren\u2019t changing and that we can\u2019t make that better. It is what it is and it\u2019s important to recognize the environment that we are operating in.\u201d<\/p>\n

One of the main reasons women start a business is to be their own boss. However, being the boss is not always all it is cracked up to be. While about half the respondents said that being a female small business owner made them feel empowered and successful, about one in three also said it made them feel stressed.<\/p>\n

CONTINUE READING<\/a><\/h2>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By:\u00a0Jana Kasperkevic Bank of America survey also shows 28% of women owners feel they have less access to capital, borne out by 2014 study that they receive only 4.4% of loans The US may have the first female presidential nominee of a major political party in Hillary Clinton, but the glass ceiling for American women […]<\/p>\n","protected":false},"author":2,"featured_media":3911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1128],"tags":[],"class_list":["post-3910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advice-from-the-best"],"yoast_head":"\n3 in 4 female small biz owners say glass ceiling still exists<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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