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Small businesses founded by women earn an average of 34% less revenue in their first year, according to a recent report by the JP Morgan Chase Institute. Four years later, they have a median revenue of $68,000, compared to the $104,000 earned by male-owned firms. And only 18% of small businesses that receive external financing are owned by women. Despite these challenges, the study found that male and female-owned businesses have nearly identical survival rates.
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