Women in Business This Mother’s Day
As Mother's Day approaches, we think about the fond memories of the incredible women who have played a motherly role in our lives. As we celebrate mothers its important to essential to celebrate women beyond those roles. We have to recognizing the women’s contribution to society. Let’s take a look at the impact women-owned businesses have had on our society.
In the US, there are over 14 million women-owned small businesses, accounting for nearly 40% of all businesses in the country. Forbes
Women-owned businesses generate $2.7 trillion in annual revenue in 2023. Forbes
Black and African American women-owned businesses generated $98.3 billion in revenue and employ 528,000 workers, according to The 2023 Wells Fargo Impact of Women Owned Businesses report
During the pandemic, women-owned businesses added 1.4 million jobs and $579.6 billion in revenue to the economy. Wells Fargo
Female-founded businesses outperform those founded by men by 63%. A Forbes study with venture capital firm First Round Capital concluded that the female-founded businesses in their portfolio outperformed male-founded companies by over 60%. North One
We can celebrate motherhood and the amazing accomplishments of women in business at the same time! Not only do mothers pour into the next generation as moms, aunts, mentors and community figures but also as thoughtful leaders in business. Remember to say ‘Happy Mother’s Day’ to the special woman in your life and Happy Mother's Day to all the remarkable women who have enriched you along the way.