Chicago, IL (PRWEB) August 30, 2007
Chicago-area women presidents of multimillion-dollar businesses predict growth in 2007. A recent survey of the Women Presidents' Organization Chicago revealed that 86% of members predict growth in 2007. While overall growth predictions averaged up to 70% for some companies, the majority of growth was predicted to be in the 1-20% range.
More findings from the survey include:
- 85% of the WPO-Chicago grew gross revenue 25 to 45% in year 2006 compared to 2005
- Net income grew 69% or more in 2006 compared to 2005
- More than half of the respondents noted that the top three challenges in growing a business to be managing the growth, human resource management and customer relationship management.
Women are driving an increasing number of successful businesses and Chicago has one of the largest chapters of the Women Presidents' Organization, a nonprofit organization of more than 1,000 women presidents running multimillion-dollar businesses spanning across North America. Between 1997 and 2006, women-owned firms grew at a rate almost twice the U.S. average. They posted 2006 revenues of $1.10 trillion and employed 7.2 million people, according to the Center for Women's Business Research.
"We have America's best women presidents' right here in our own backyard" says Laurel Delaney, WPO Chicago chapter facilitator. "These women have defied convention to lead their businesses in a bold, fearless way. And they have a passion [through WPO] to unite others into building successful businesses too."
The full survey is available upon request.
About the Women Presidents' Organization
The Women Presidents' Organization (WPO) locally and internationally connects top women entrepreneurs at the million and multimillion-dollar level ($2 million in gross annual sales or $1 million for service-based business) for greater personal and professional success. In monthly meetings across the US and Canada, chapters composed of 20 accomplished women presidents from diverse industries and backgrounds invest time and energy in themselves and their businesses to drive their corporations to the next level. For more information, call 212-688-4114 or visit http://www.womenpresidentsorg.com.
About the Women Presidents' Organization Chicago Chapter
Founded in 1997, the Women Presidents' Organization Chicago Chapter comprises of more than 50 women presidents representing $400 million in annual revenues, 2,664 employees and 861 years in business. For more information call 773-381-1700 or visit http://womenpresidentsorganizationchicago.blogspot.com.
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