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Shopper's Market: Prime time for women entrepreneurs

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    Women own nearly a third of all businesses

  • Duration 1:46
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Women entrepreneurs are the fastest growing group of small business owners in the United States and -- how nearly a third of all businesses.

But they bring in only 4% of all US revenue and 6% of all US jobs.

That's according to the second annual the state of women owned businesses report from American Express open.

With one -- four women starting businesses in the US especially with the economy going south it's something that's easy to -- you can really create your own job.

But there -- mistakes that women commonly make.

-- major is the author of but are you making any money.

She says most women business owners can benefit largely from a system to track time.

Major recommend starting out by logging activities for a minimum of one week.

You can see really how much you've got accomplished what times of day about the -- things accomplished and what things you can cut -- you can be more productive.

Next -- says most women business owners don't focus enough on the bottom line.

Making a profit.

Is that two hour lunch really gonna -- mean it did piece of business maybe that -- -- -- could be.

Could it be coffee instead or could it instead of coffee can -- be a conference call.

Set a goal for what you want to accomplished during that time.

Finally make it says a woman failed to anticipate how much starting a business will cost so even if you're allergic to business plans it's still wouldn't hurt to create quick and dirty one to really forecast how much money you're gonna be bringing in and really how much is it gonna take to start company.

Once your business is up and running major says the -- sales and marketing goals which are measurable realistic and times specific.

In New York Brenda Buttner Fox News.

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