Women’s Entrepreneurship Day: History, Facts & Insights

This is an in-depth look at all the must-know facts about Women’s Entrepreneurship Day (2024) 🗓️ that no one tells you about. Women’s Entrepreneurship Day is observed on November 19th.

Among the information you’ll find below: the history of Women’s Entrepreneurship Day, activities to do on and how to observe this holiday, as well as important facts you ought to know about Women’s Entrepreneurship Day.

📅 What day is Women’s Entrepreneurship Day 2024?

In 2024, Women’s Entrepreneurship Day is on Sunday, November 19th. It is the 3rd Sunday in November; in 2024, it is Tuesday. There are until the next observance. You also can view all intriguing details and facts about November 19, 2023, that you might not be aware of.

Each year on November 19th, we celebrate Women’s Entrepreneurship Day. It is important to acknowledge that women play a significant role in the global economy, responsible for approximately 85% of purchases and contributing to nearly $20 trillion in worldwide expenditure. Nevertheless, women continue to face challenges in the labor market, being underrepresented and earning significantly less than men, resulting in them only earning around 10% of global GDP. However, we have seen a positive trend in recent years, with more and more women stepping up as entrepreneurs and successfully running their own businesses. Women’s Entrepreneurship Day recognizes these achievements and aims to create a more supportive environment for women to enter the entrepreneurial world.

📜 Women’s Entrepreneurship Day History

WEDO is an organization that empowers women and girls to actively participate in the economy. They achieve this by creating a network of female leaders, inventors, and entrepreneurs who collaborate to launch new businesses, drive economic growth, and make positive changes in communities. This network also provides a platform for women to connect with like-minded individuals who share their values, enabling them to make a significant impact in the world. Recognizing the importance of women entrepreneurs, several prominent figures such as the governor of New York, the mayor of New York City, the mayor of Philadelphia, and the mayor of Los Angeles have declared November 19 as an official day for women entrepreneurs. The United Nations also observes this day annually. Additionally, the United States House of Representatives, led by Congresswoman Grace Meng, has designated the WEDO campaign as “A Day in Honor of Women Entrepreneurs.” However, more global support is needed to ensure that women have equal opportunities and fair chances, as their success can greatly benefit their nations, boost the economy, and inspire others. Fortunately, there are now numerous scholarships available exclusively for women, providing them with even more options to pursue their entrepreneurial ambitions.

✅ Women’s Entrepreneurship Day Facts

🔖 Reason for women entrepreneurship
Many women often express that the desire for flexibility in managing family responsibilities is a major factor that drives them to become entrepreneurs.

🔖 Undercapitalized
Women often begin their own businesses with inadequate funding due to various reasons.

🔖 The study of conflict resolution
Some successful companies founded by women are SlideShare, Cisco, Flickr, and The Body Shop.

👍 Why Is Women’s Entrepreneurship Day Important

The workforce of a country helps it grow, and women entrepreneurs play a part in that. When women entrepreneurs establish a firm, it inevitably inspires other women to do the same. More business implies more employment as well as closing the gender gap.

When more women enter the labor force and create companies, it helps to relieve poverty. Even a tiny firm with a few workers may help someone make a living and live a secure life.

Women’s Entrepreneurship Day directly supports women by letting them know their efforts are recognized and rewarded. Sometimes all that is required to encourage individuals is a simple acknowledgement. This day shows that women can contribute equally to the success of a country and breaks down stereotypes about men and women.

🙂 How To Observe Women’s Entrepreneurship Day

⚡ Read a book on entrepreneurship
Consider reading a book on entrepreneurship to gain insights into the challenges of building a prosperous business. Additionally, it sheds light on the additional obstacles women encounter in their entrepreneurial journey. Doing so will enhance your appreciation for the resilience and achievements of female entrepreneurs.

⚡ Promote a female entrepreneur’s business
Do you know any women entrepreneurs in your circle? They utilize social media to promote their business. Help them in their growth, especially if they have a small company. Share stories of their achievements to inspire others.

⚡ Support a small business owned by a woman
Consider supporting small businesses owned by women when you make your next purchase. By doing so, you are not only contributing to the success of a female entrepreneur but also helping empower women in business. After all, who better to support and uplift other women than women themselves?

📅 When is Women’s Entrepreneurship Day?

Discover all 🔗 November holidays, including 🔗 Cause and other 🔗 Awareness holidays.

We will continue to update this page with new information and must-know facts about Women’s Entrepreneurship Day. So be sure to check back soon.