American Business Women's Day


American Business Women's Day- September 22nd, 2023

They say, "If a man can do it, a woman can do it too, and sometimes even better." American Business Women's Day is strong evidence that women are equally as capable as men. The day shows how far we have come since the post-WWII era in recognizing the efforts of women in business associations, such as the American Business Women's Association, who work tirelessly in fighting for women's inclusion in the workplace. However, there is still a significant gap in breeding equality in business. As we support women at work, we need to help them find scholarships for vocational or technical courses that will enable them to add value to their space even more.

HISTORY OF AMERICAN BUSINESS WOMEN'S DAY

Women play a critical role in society in areas such as business. It s such a blessing that businessman Hilary Bufton Jr. from Kansas City sat with Shirkley Cupp, Irma Beisel, and Frances Stuckey and founded the American Business Women's Association when a full-time career was not acceptable for women.

 

The association was incorporated shortly after WWII when women had lost their jobs and were reminded that their primary responsibility was to their homes and family. Bufton Jr. felt that women were seeking and deserved equal opportunities in business, especially after gaining tremendous business knowledge during the war through necessity. He also believed that there was a need for a new organization for women.

 

The association has a mission to bring together businesswomen of different occupations and create opportunities for them to help themselves and others grow both professionally and personally, with a passion for breaking boundaries for women, advocating for equal rights, and paying across all facets of work. The Congressional resolution in 1983 and 1986 recognized American Business Women's Day. President Ronald Reagan issued a proclamation that honors the increasing role played by women in the business world today and the accomplishments of businesswomen nationally and globally.

FIVE  FACTS ABOUT BUSINESSWOMEN THAT WILL BLOW YOUR MIND

  • Founders are the Richest
  • It is twice less likely for women to access capital financing for their businesses than it is for men, and most women entrepreneurs topping the list of "Forbes America's 50 Richest Self-Made Women" are those that founded their own companies.

  • High Profitability
  • The U.S. has over 9 million women-owned companies that have generated more than $1.7 trillion in profits.

  • Economic Importance
  • According to the Women Business Enterprise National Council, female entrepreneurs own up to 40% of all businesses in the United States.

  • Happiness
  • Women who are entrepreneurs are three times happier than those who are not entrepreneurs or established business owners.

  • Excellent Leadership
  • Women are reported to rank higher than their male counterparts  on several significant elements of leadership, according to a study by the "Harvard Business Revenue."

    WHY AMERICAN BUSINESS WOMEN'S DAY IS IMPORTANT

    More Than Able,

    The American Business Women's Day proves that women are more capable of what they decide to do, including in the business world.

    Valuable Workers

    Women have continued to break barriers and claim their place as leaders in the workplace by proving to be responsible for most of America's overall revenue and a chunk of profitable businesses. This day demonstrates that.

    Appreciates Passionate Women

    Putting effort at work and being appreciated are different things; everyone loves to be enjoyed. Thus, American Business Women's Day allows appreciation of our resilient businesswomen.

    STATISTICS OF BUSINESSES OWNED BY WOMEN

    • There are 12.3 million businesses owned by women in the U.S., representing 40% of all businesses in the U.S.
    • Businesses owned by women generate up to $1.8 trillion annually.
    • Every year, women start up to 1,821 net businesses every day.
    • Women of color started 64% of all businesses started by women last year.
    • Businesses owned by Latino women grew by more than 87%
    • Today, there are 114% more women-owned businesses than 20 years ago.
    • Business is the primary source of income for 62% of women in business
    • There is a 35% more return on investment for private tech companies led by women.
    • In First Round Capital's portfolio, women-founded companies performed 63% better than those founded by men.
    • Only 25% of women business owners seek business financing.
    • Between 1997 and 2007, women-owned businesses created over half a million jobs
    • Women receive only 7% of venture funds for their startup businesses
    • Women enjoy 69.5% success in crowdfunding as compared to men's, which stands at 61.4% 
    • Women-owned and women-led businesses received up to 57.4% of the SBA Microloan program's loan.
    • Compared to men, female entrepreneurs ask for roughly $35,000 their counterparts.
    • Overall, men receive an average loan size of $43,916 compared to women's $38,942, indicating a milk difference.

    Are you a Woman-owned small business operating in the U.S.? 

    It's time to get the recognition you deserve. For years most business awards have been focused on celebrating big corporations, but the Best of America Small Business Awards is the only business award for small businesses. Small businesses make up 99% of U.S. companies; this shows how big small companies are for our economy.  

    BASA is the real deal, as it is prestigiously independent and was created with an unwavering love for small businesses. The award aims to showcase the best small businesses' notable efforts in growing and building economies, communities, and a better working world while encouraging more small businesses to get excited about new opportunities.

    With over 100+ categories to choose from, the award is not influenced by big corporations and has no nepotism, vetting process, or big guys, always winning nature. BASA's independent council of judges only cares about one thing- your work!

     

    The BASA statuette is a hand-made work of art uniquely created in Italy by the internationally acclaimed artist Ithaca. Learn more at www.basawards.com.