- October 12, 2021
- Posted by: admin
- Category: Businesses
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In October, National Women’s Small Business Month highlights the benefits and industry women bring to communities when they own a small business. With over 11 million (and growing!) women owning small businesses in the United States, there’s plenty of opportunities to get involved.
Benefits of Women-Owned Small Businesses
Throughout the month, organizations, businesses, and aspiring entrepreneurs share resources and
advice that support women-owned businesses. Like any small business, the benefits to a community are enormous. Locally owned small businesses bring revenue to communities. Small companies are more likely to support local organizations, schools, and projects. They also provide a tremendous number of jobs, keeping local economies going and growing.
When you include women in the small business factor, you increase business diversity. Did you know that 50 percent of women small business owners are women of color? Supporting women in small businesses also inspires young women in powerful ways. When they see other women succeeding, they’re motivated to succeed, too! In 2012, 44 percent of women small business owners also had children under the age of 18 in their household. That means, by supporting women-owned businesses, you’re also supporting families.
Businesses owned by women come in all varieties, too. They pursue business in STEM fields, creative and consumer domains, and service-oriented professions. There’s really no limit to the opportunities available.