Who Run The World? Girls!
Christina G. Sato
As the economy continues to grow, women are stretching their wings and testing the market as business owners. This month we are looking at some fierce females making an impact on their communities. Take a look at the data, and don’t forget to shop small and shop local this holiday season.
Here are just several of the many benefits you can reap by shopping locally:
· A Stronger Economy. Local businesses hire local workers. ...
· A Closer Community. Shopping at local businesses gives neighbors a chance to connect with each other. ...
· A Cleaner Environment. ...
· Better Health. ...
· A Great Place to Live.
Does shopping locally help economy?
Locally owned businesses provide many economic benefits to a community. ... Shopping at local businesses creates more local jobs than shopping at major chain or online companies. Local businesses not only pay their employees, they also spend money at other local businesses.
Why we need to support local businesses?
Excellent, Personalized Customer Service
They rely on regular as well as sporadic customers to not only help them earn a profit but also to spread the word to others about their company. Because these small businesses need the support of local consumers, you can expect to get friendly, personal customer service.
Why are small businesses important to a community?
Small businesses are important because they provide opportunities for entrepreneurs and create meaningful jobs with greater job satisfaction than positions with larger, traditional companies. They foster local economies, keeping money close to home and supporting neighborhoods and communities.
Women-Owned Small Business Statistics
12.3 million is the number of women-owned businesses in the US.
Women are harnessing their entrepreneurial spirit more than ever. As a result, the number of women-owned businesses has increased 31 times from 1972 to 2018. In 1972, only 4.6% of all firms (402,000) were owned by women. Today, this number is 12.3 million, which is 40% of all firms. These businesses employ 8% of the private sector labor force, contributing 4.3% of total revenues.
Source: WBENC
In 2017/2018, there was 1,821 new women-owned business per day.
Statistics on small businesses underline the progress of women-owned business creation which took a fast turn during the past two years. According to reports, the average number of new businesses owned by women between the years 2002 and 2007 was 714. During the recession and recovery period between 2007 and 2012, this number was 1,143. In the post-recession period, the number of newly founded women-led businesses came to 952.
Source: American Express