Wendy Diamond on Women's Entrepreneurship Day and Economic Empowerment

The Genesis of Women's Entrepreneurship Day

• 💡 Wendy Diamond founded the Women's Entrepreneurship Day organization in 2013 after volunteering in Honduras.
• 🎯 She witnessed how $100 microloans empowered impoverished women to start businesses, transforming their communities and repaying loans at a 98% rate.
• 📌 The organization focuses on providing a hand up, not a hand out, by bringing together governments, business leaders, and entrepreneurs to economically empower women.

The Impact of Empowering Women

• 💰 Empowering women in business fosters self-confidence and dignity, and helps prevent human rights violations.
• 📈 By 2020, women were projected to receive $30 trillion, a significant economic impact driven by inheritance, increased earnings, and greater opportunities.
• 🚀 When women are empowered, they often focus on impactful projects, leading to significant societal benefits.

Economic Influence and Investment in Women

• 📊 Statistics show that companies with women on boards are 30% more profitable.
• 👩‍💼 Women make 85% of consumer choices, highlighting their significant economic influence.
• 🤝 Investing in women founders and providing them with more opportunities can change economic dynamics and create more entrepreneurs.

Celebrating Women and Entrepreneurship

• ✨ The #choosewomen campaign encourages supporting women in everyday life, from personal services to corporate roles.
• 🍪 Recognizing the contributions of women entrepreneurs, like the inventor of the chocolate chip cookie or the dishwasher, is crucial.
• 🗓️ While International Women's Day and Women's Entrepreneurship Day are important, celebrating women every day is the ultimate goal.
• 📢 Social media and supporting local women-owned businesses are effective ways to promote women in business.