October marks National Women’s Small Business Month, a month dedicated to recognizing women small business owners and the impact they’re making on society. Celebrated by the National Women’s Business Council (NWBC), October is all about highlighting advancements made in women business owners. The NWBC was founded in 1988 and speaks out on issues that women business owners are facing and helps women break through the obstacles that are standing in their way.
This year, NWBC is proud to be a part of a movement that is making America – and women – stronger! They launched a campaign on October 1 called “10 Million Strong” to highlight women entrepreneurs and bring awareness to issues they are facing. If you want to show support to the 10 million women business owners or are hoping to start your own business one day, too, join in with #YesSheCan and #10MillionStrong, and follow along on Facebook.
Stats on Women Small Business Owners
- Women-owned enterprises employ 7.9 million workers and generate $1.4 trillion in revenues
- Women-owned firms have grown at one and a half times the rate of other small businesses over the last 15 years
- 30 percent of all new businesses are owned by women
- 90 percent of women-owned businesses have no employees other than themselves
- States with the highest percentage of self-employed female workers include Oregon, Texas, Utah, Washington, Nevada, New Mexico and Wyoming
- Top industries of women-owned businesses include personal appearance workers, artists and design workers, media and communication equipment workers, and sales and related workers
In light of National Women’s Small Business Month, we’re sharing inspiring stories of women business owners throughout the month – including tips on how you can start your own business, what you need to do to finance your small business, and how to balance your business with your family.