Did you know that there are an estimated 8.1 million women-owned businesses that contribute $1.3 trillion to our national economy and employ 7.7 million Americans?
Women Presidents’ Organization (WPO), a national non profit organization with 1,400 members and 90 chapters located in the United States, Canada, the United Kingdom, Peru and South Africa and American Express OPEN, the division of American Express dedicated exclusively to helping small business growth, recently released the fourth ranking of the 50 Fastest-Growing Women-Owned/Led companies in North America. The Top 50 generated a combined $4.1 billion in 2010 revenues (mean of $82.7 million) and collectively employed 24,650 in 2010 (projected average for 2011 is 557 employees).
All eligible companies were ranked according to a sales growth formula that combines percentage and absolute growth. From this list, the 50 Fastest are selected. To be qualified for the ranking, businesses are required to be privately held, woman-owned/led companies in the U.S. or Canada and have reached revenue of at least $500,000 by the first week of 2006 and $2 million in 2010.
The Top 5 are:
1 Shelly Sun – BrightStar Care (IL) – Staffing Sservices
2 Eren Ozmen – Sierra Nevada Corporation (NV) – Electronic Systems Provider
3 Himanshu Bhatia – Rose International, Inc. (MO) – IT Solutions Company
4 Carolyn Doerle – Doerle Food Services, LLC (LA) – Wholesale Foodservice Distribution
5 Theresa Daytner–Daytner Construction Group Inc. (MD) – Construction Management