Trends

 

10 01 2015

National Women's Small Business Month in October

10 01 2015

October Is National Women’s Small Business Month

Now is a good time for women to obtain a small business loan for their companies, since October is National Women’s Small Business Month across the country. Originally started by the National Women’s Business Council, WSBM is a time for people all over the nation to highlight and honor the contributions women have made to the business world.

“This October we celebrate the women that have persevered and become successful business owners and we will continue to push for increased access to capital and to markets so women entrepreneurs can keep growing and scaling their businesses,” Carla Harris, the Presidential appointed chair of the NWBC, said.

According to American Express Open Forum, with 9.4 million companies in the country, women-owned enterprises account for 30 percent of all businesses – up from 9.1 million a year ago. Collectively, these businesses employ more than 7.9 million people and are responsible for more than $1.5 trillion in revenue. Since 1997, profits by female-owned firms have grown by 79 percent.

Despite the major strides by women entrepreneurs, business owners and the hard-working females across the country, the National Women’s Business Council reported there are still barriers to obtaining resources needed to start and grow a company. Because of the these barriers, National Funding has designed small business loans tailored for women business owners.

While the current numbers regarding women-owned firms and businesses are impressive and will continue to grow, there’s still a lot of work that needs to be done in this realm. According to the Institute for Women’s Policy Research, women still only earn 78.3 cents for every dollar a male earns. In addition, the median annual earnings for a woman working full time and year round in 2013 is $39,157, as it was in 2002 at $39,108.

Featured


  • Future proof your business

    How to Future-Proof Your Business

    After the holiday rush, it's still important for businesses to continue innovating. To maintain longevity and keep an edge over their competitors, managers need to constantly think of ways to future-proof their companies. Although it can be difficult to know what exactly is coming next, a brand can take a few steps to ensure that a company's]… […]

  • Incentivize sales team

    How To Incentivize Your Sales Reps For Consistent Growth

    Sales staff are a unique group of individuals in the business world, in large part because they're so accustomed to individual and group incentives for high levels of achievement. While many people value the bonuses they may receive from their employers, salespeople are part of a smaller, distinct group that generally expect to receive performance-based… […]

  • 3 Different Types of Small Business Lenders

    3 Types of Funding Options for Small Business Expansion

    When you began your business, it was small; most are for the first few years. But now that you've gained customers and market share, you're feeling it's time to expand. This is a normal part of business life, yet a challenge for many small business owners. Expanding your business takes careful planning. Perhaps you need a new… […]

  • Working capital loans for small businesses

    Working Capital Loans for Small Businesses

    National Funding knows that small businesses are the fabric of America. That’s why we’ve made your business, our business by providing thousands of working capital loans to small and midsize companies in every state in the country. Every business owner knows that working capital is the lifeblood of a business. It’s money for inventory, bill… […]