According to the US. Chamber of Commerce, since 2007, the world has seen a 60% increase in women-owned businesses, a promising indication of women’s growth in confidence in their entrepreneurial and leadership abilities. But even with this glowing progress, female entrepreneurs still find themselves in the minority, faced with various challenges. Statistics reveal that 88% of women-owned businesses generate only $100,000 annually, while women business leaders remain underrepresented across several industries. In addition, many female-owned companies need help raising funds, but where a male entrepreneur could acquire an average loan of $44,000, a female would only qualify for $39,000.
These obstacles have led to initiatives that focus on empowering female entrepreneurs and building networks for women in business to flourish. Women’s Entrepreneurship Day (WED) is one such initiative.
When is Women’s Entrepreneurship Day?
While hard at work in the backdrop of Honduras with the Adelante Foundation, Animal Fair Media Inc. founder, social entrepreneur, and humanitarian Wendy Diamond had an idea: to build a network that would see women participate in the global economy. In a push toward eradicating poverty by inspiring young girls, the Women’s Entrepreneurship Day Organization (WEDO) was born, the founding organization behind WED. WEDO was started by Diamond to “empower, celebrate, and support women in business worldwide.”
In mobilizing a robust network of female leaders, mentors and entrepreneurs globally, the movement aims to drive ambition in girls, initiate fellow women leaders, and encourage women in business to reach their full potential. Celebrated on November 19th, WED is a global event to recognize and support businesswomen. The day also aims to raise awareness around the struggles faced by female entrepreneurs daily. WED is observed in 144 countries and is set on changing the lives of 4 billion women worldwide.
The 2022 WEDO summit will take place virtually and in person. This event is for any woman and girl worldwide, be it the working mom, sole proprietor, or 17-year-old with a business plan. Every attendee can expect to learn more about business strategies, the impact of technology, and the evolution of crypto and WEB 3.0, including the role of women in it all.
“Our #WEDO2022 agenda will focus on the impact of disruptive technologies, the escalating evolution of Crypto/WEB 3.0, and the pivotal role women play!”
The presenter lineup boasts entrepreneurs, philanthropists, influencers, and models. You can expect to hear from innovators like Lauren Young, editor of World Work & Sustainability at Reuters, vice president of Ava Labs Lydia Chiu, iconic model and businesswoman Beverly Johnson, and the founder and CEO of WEDO, Wendy Diamond.
ABCO Group Celebrates Women Entrepreneurs
Women’s Entrepreneurship Day continues to celebrate women business leaders worldwide. You can observe the day by reading a book by a female author, supporting a women-owned business, or even promoting a female entrepreneur. At ABCO Group, we provide business expertise, resources, and financing to women-led partner companies and startups navigating all stages of business growth, change, and development.
Contact ABCO Group today for more information about our partnership opportunities.