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Writer's pictureMichael Burk

The Importance of Supporting Women-Owned Businesses

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March is Women’s History Month, and what is the best way to celebrate the countless contributions and accomplishments of women throughout history than to celebrate and support women-owned businesses!


To support women-owned businesses means you can shop, spread the word, attend networking events, leave positive business reviews, and even partner with women-owned businesses.






There are four reasons why it is essential to engage with women-owned businesses:

 

1.    Let us boost the economy to generate revenue and create jobs. 

 

According to the National Women’s Business Council’s 2023 Annual report, it is projected that “14 million women-owned businesses make up 39.1 percent of all U.S. businesses—a 13.6 percent increase from 2019 to 2023— and they are coming out of the pandemic stronger than the 2008 financial crisis.” (https://www.nwbc.gov/annual-reports/2023/BytheNumbers.html)

 

2.   Promote diversity and innovation.

 

To support women-owned businesses means you desire to lead the economy to be more vibrant and dynamic. Bringing innovative ideas and diverse perspectives to the table blooms a higher level of innovative and creative products and services. 

 

3.   Be present and shop locally.


Women often look to their local communities for support and to address their immediate needs. Being present and local signifies that we are strengthening the local economy and creating a lasting impact.

  

4.    Help lessen the gender gap.


There is still a barrier in the business world as it applies to women-led and owned companies. This situation includes access to funding and resources. Women are branching out of the home to balance their family and work responsibilities to increase their household income. By supporting a women-owned business, we create a more equitable nation. Let us commit to supporting women-owned businesses and celebrating Women’s History Month in March. Doing so promotes diversity and inclusion, supports local communities, lessens the gender gap, and increases the world’s revenue stream.

 

Resources for Women-Owned Businesses

 

Check out these online associations and consult with MCB Consulting Group to enhance your business strategy and workforce practices.


·       Association of Women’s Business Centers: https://www.awbc.org/

·       Center for Women & Enterprises: https://cweonline.org/

·       National Association of Mom Entrepreneurs: https://www.maeentrepreneur.com/

·       National Association of Women Business Owners:  https://nawbo.org/

·       National Women’s Business Council: https://www.nwbc.gov/

·       International Association of Women: https://www.iawomen.com/

·       U.S. Small Business Administration: https://www.sba.gov/

·       U.S. Women’s Chamber of Commerce: https://www.uswcc.org/

·       Women Impacting Public Policy: https://www.wipp.org/default.aspx

 

MCB Consulting Group Supports Women-Owned Business


We assist women-owned businesses in the Asheville and Western North Carolina communities. We offer a full circle of support to our clients, and in some instances, we do entrepreneurs' business and personal taxes.

 

·       AscentialMED Medical Consulting: Bookkeeping, Payroll, and Outsourced CFO

·       Holcomb Investments, LLC: Bookkeeping, Payroll, Business and Personal Taxes

·       Innova Mortgage Services: Bookkeeping, Payroll, and Business Taxes

·       Notch Collective Hair Studio: Bookkeeping, Business and Personal Taxes

·       Lotus Path Health & Wellness Center: Bookkeeping, Payroll, Business and Personal Taxes

·       Ruff Life Dog Training Service: Bookkeeping, Payroll, Business and Personal Taxes

 

MCB Consulting Group works to bridge the gap for female entrepreneurs with assisting with accounting, business strategy, payroll, and tax services.


Contact MCB Consulting to learn more and how we can assist: Click Here

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