Women presidents are leading growing businesses in 2008. Results from the surveyed membership indicate 70% of women presidents and CEOs of multi-million dollar companies predict their companies will maintain or grow revenues this year, according to the annual economic survey by the Women Presidents' Organization (WPO), the premier peer advisory organization for women entrepreneurs.
The most important issues affecting WPO member businesses are the cost of oil and the retention of customers. Despite the economic downturn, 85% of these CEOs and presidents projected the same number or an increase in the number of employees for 2008 over 2007 and stated that they would offer the same or increased salaries in 2008.
"These statistics are evidence of the strength of companies owned by women entrepreneurs despite economic downturns and adversity," said Marsha Firestone Ph.D., president and founder of the WPO. "Our survey indicates that there was an overall increase as well as a predicted increase in revenue, growth, and employment. If our members are any indication of the 2008 revenue results for privately held businesses, then Americans have every right to expect good news in the coming months."