National Business Women’s Week.

19 10 2009

MadelineAlbrightQuote

This week marks National Business Women’s Week (October 19 – 23), and this is truly something to celebrate. I recently wrote about the influence of women business owners in my Small Business TV post, and this week grants yet another opportunity to give credit where credit is due. According to the Business and Professional Women’s Foundation,

“National Business Women’s Week provides an opportunity to call attention to women entrepreneurs, facilitate discussions on the needs of working women, share information about successful workplace policies, and raise awareness of the resources available for working women in their communities.”

Shockingly,  it was still legal to require a woman to have a male co-signer before receiving a business loan twenty years ago. That changed with the passage of the Women’s Business Ownership Act in 1988. This Act not only made the requirement of a male signature illegal, it also created the National Women’s Business Council, the Office of Women’s Business Ownership and the network of Women’s Business Centers around the country. (Find your local SBA Women’s Business Center here.)

To further promote why we honor women business owners this week, take note of these facts:

Given this information, it’s easy to recognize the influence of women-owned businesses in our economy. And it’s well known that recessions breed entrepreneurship, which supports economic recovery. So as the number of jobs held by women v. men tips in favor of women, the definition of work and family may finally become balanced. Hooray for women starting, sustaining, and working in women-owned businesses.

Photo courtesy of Jdong’s Flickr.

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