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Survey Finds Women Business Owners Optimistic
November 25, 2008

Nearly three in five (58%) women business owners anticipate that their organizations’ revenues will grow in 2009, and nearly one-half (44%) do not expect difficulty in obtaining access to credit, according to the 2008 Business Risk Survey conducted by the Chubb Group of Insurance Companies and the Women Presidents’ Organization (WPO).

One-half of the respondents (54%) noted that their company is likely to broaden its product offering in 2009.

Thirteen percent said they would add international offices.

Survey respondents indicated that in 2009 their companies are likely to outsource functions or operations (24%), reduce their workforce (19%), and reduce or eliminate some employee benefits (13%).

The 2008 Business Risk Survey was conducted in October 2008 on the Internet. The survey queried 160 women chief executive officers and presidents who are members of the Women Presidents’ Organization.

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