October is National Women in Small Business Month, ready to dive in?

October is National Women in Small Business Month.

October is National Women in Small Business Month.

By Carmen Glover

The month of October is traditionally filled with events to address domestic violence, breast cancer, mental health and anti-bullying awareness. But did you know that female entrepreneurs are also celebrated in the month of October? Do you feel inspired to become a female business owner or are you already taking steps to launch a business?

Happy Women's Small Business Month

National Women in Small Business Month is one of the most significant features of October because it is dedicated to honoring and highlighting the reality that women-owned small businesses are integral to the success of the economy, which in turn drives a myriad of intertwining industries such as healthcare and income, which are necessary to ensure appropriate care for breast cancer, mental health and the effects of domestic violence.

The Small Business Administration (SBA), in publicizing women in business is hosting a series of weekly web chats dealing with women in business. Figures released by the U.S. Census Bureau statistics, developed every five years, indicate that 7.8 million women-owned firms in 2007 and  90 percent of those are small businesses. Those same figures show that between 1997 to 2007 women-owned companies outpaced the rate of growth of male-owned businesses..

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As the global economy changes, many women have decided to branch out on their own and venture into entrepreneurial waters. For some, it might be a simple dipping of the toes to test the waters before taking the big plunge, while for others it is an all-or-nothing leap with no thought of looking backward. Regardless of where you fall on the spectrum, here are some things to keep in mind: Follow your heart and if that leads to the creation of a business, go for it; Launching and sustaining a profitable business takes hard work and is filled with disappointments mixed with successes and finally, only you can tell if entrepreneurship is right for you, regardless of what your mentors and loved ones might think or say.

Having your own business, if it is successful, comes with the perks of being your own boss, setting your own hours, working in a style that suits you, and following your passion. But those perks must be balanced by a realistic ability to earn, support your family, save for retirement and expand your business so that it is a viable and reliable source of income. For many women, the first step to entrepreneurship is working hard at a hobby that does not generate steady income but provides an outlet to nurture a talent which brings joy and fulfillment. It that’s the most feasible approach for you, start there and add new steps along the journey towards entrepreneurship, based on ;your comfort level and long-term goals.–OnPointPress.net–