Celebrating Women’s Small Business Month: Fueling the Dreams of Female Entrepreneurs

October is Women's Small Business Month, a time to recognize the achievements of women entrepreneurs and the essential role they play in the economy. Women-owned businesses are on the rise, reshaping industries like technology, finance, construction, and retail. This month not only celebrates their successes but also encourages more women to embrace entrepreneurship, knowing they have access to the resources needed to thrive.

The Rise of Women Entrepreneurs

Women entrepreneurs are a growing force in the U.S. economy, with over 12.3 million women-owned businesses contributing a massive $1.8 trillion annually. In fact, women are starting businesses at a higher rate than men, demonstrating an entrepreneurial spirit that’s driving innovation across sectors. However, despite these impressive gains, women continue to face specific barriers in their path to success.

Challenges like limited access to funding, mentorship, and professional networks can make it more difficult for women to bring their business ideas to life. Recognizing these hurdles, the Women’s Business Center (WBC) at JEDI is committed to leveling the playing field. As part of the national network of Women’s Business Centers funded by the U.S. Small Business Administration (SBA), the WBC at JEDI offers programs that address the unique needs of women entrepreneurs.

"Build Your Credit and Achieve Your Business Dreams" is a great class to help you get started so that you can get the funding you need to thrive.

The Challenges Women Face in Business

Despite the progress made by women-owned businesses, challenges still persist—particularly in access to capital. Women business owners receive just 4% of venture capital funding, making it harder to expand, develop new products, or enter competitive markets. Additionally, women often lack access to mentors, which can be a key factor in a business's success. A mentor can provide valuable guidance and support, helping business owners navigate difficult decisions and avoid common pitfalls.

On top of these challenges, many women juggle caregiving responsibilities alongside their entrepreneurial pursuits, adding another layer of complexity to their business journey. This can make time management and personal support crucial to their success.

Breaking into Male-Dominated Industries

A growing number of women are breaking into traditionally male-dominated fields like technology, construction, and finance. Historically, these sectors have been harder for women to enter due to systemic gender biases, but recent trends show that women are not only entering these spaces but excelling.

Entrepreneurs like Whitney Wolfe Herd of Bumble and Jennifer Hyman of Rent the Runway have disrupted the status quo in tech and retail, proving that women have the capability and creativity to thrive in any industry. For women looking to follow in their footsteps, the WBC at JEDI offers targeted support to help them succeed in fields where they have traditionally been underrepresented.

"Monthly Marketing Lab" is perfect to network, collaborate, and get targeted help from our in-house experts to give you the steps to take to reach your goals.

The WBC at JEDI Is Here to Support You

Women’s Small Business Month is more than just a celebration of the success stories of women entrepreneurs—it’s a reminder that there’s room for more women at the table. The barriers women face in business are real, but with the right support and resources, they can be overcome. At the WBC at JEDI, we are here to help aspiring entrepreneurs every step of the way. With personalized business counseling, access to mentorship, and a supportive community, we empower women to turn their ideas into thriving businesses.

If you’re ready to start your entrepreneurial journey, now is the time. The WBC at JEDI is here to guide you through the process, helping you navigate challenges and build the business of your dreams.