Hi read, How are you today? How's everything going? Since it's Small Business Week and Mother's Day is this weekend, I wanted to share some inspiration with you all. I'm talking about the importance of working moms on our economy and financial health as a nation. Women-owned and Mom-owned Small Business Statistics (see more on my recently updated blog): - You might know that small businesses account for 99.9% of all businesses
- Women own about 43% of small businesses in the U.S. (fully and partially owned), which translates to 14+ million businesses, and they generate ~$1.9 trillion per year.
- 1 in 3 women-owned businesses is a mom entrepreneur, which translates to almost 4.7 million businesses. (High five to my fellow mom business owners!)
Working Mom Employee Information (see more on my blog): - Companies with women in 30% of top levels of leadership positions see a positive impact on profit margin (literally, it makes business sense)
- 1 in 3 female employees is a working mom so they absolutely matter as employees
- 1.4 million mothers left the workforce during the pandemic (and many, potentially most, haven't returned)
- Daughters of moms who worked are more likely to have jobs, earn a higher wage, and have supervisory roles versus daughters of stay-at-home moms.
- Men whose mothers worked are more likely to spend more time on family care duties than those whose mothers stayed at home.
With this in mind, how can we support each other? Give mom-owned small businesses some love by buying their products (and books!) and services. Tell a friend (or your employer) about their products or services (personal recommendations hold weight). Follow, like, and share their posts on social media. Comment on what resonates with you that they share on social media, LinkedIn, or their blog. To support fellow mom employees, advocate and open doors for them. Mentor the newer working moms in your organization. Be an ally and recommend a working mom for a position on your team or at your employer if you've moved somewhere new that you love. And don't shy away from asking for the support you need to be successful at home and at work. Embrace the important role you have in your family and community this Mother's Day. Understand you are absolutely integral to our economic engine in the U.S. and worldwide!! And know that you can take action to make a difference in the lives of working mamas around you. Feeling empowered or inspired? What action will you take today? How are you benefitting from the actions of others? Can't wait to hear your thoughts! Suzanne PS I'd I'm considering setting up two Zoom calls for those who subscribe to the Mompowerment newsletter, one for employees and one for entrepreneurs. So, which are you? Team entrepreneur or team employee? Reply back with I'm in and whichever one you are so I can get a general idea of interest. |
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