As a procurement or business decision-maker, your job is to serve the best interests of your company and its shareholders—and quality and value come first. Let’s then look at three main reasons why you should consider hiring women-owned businesses:
According to WBENC stats, women are slightly more likely than men to start a business; however, women-owned businesses generate only 8% (9.2 million) of private-sector jobs and only 4.4% of total private-sector revenue. While that is great progress since 1972, when the U.S. Census Bureau first provided data on minority-owned and women-owned businesses, there is almost unlimited potential for growth—and that, in turn, will help your company grow.
As a business decision-maker, it’s in your business’s best interest to include a woman-owned business in your consideration set. Do it for your business—and do it for your daughters. The goal is to get women-owned businesses to grow from 8% and $4.4% to 50%+ of total private sector jobs and revenue, respectively. #BuyWomanOwned; #DoItForYourDaughters.
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