Smart financial strategies for women entrepreneurs

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By Nina Mitchell

Every Sept. 22, American Business Women’s Day honors the contributions and accomplishments of millions of women in the workforce and women business owners.

The American Business Women’s Association is responsible for establishing this day and has been championing the efforts of women in business since it was founded almost 70 years ago.

Women who own businesses have come a long way since then. An American Express 2016 report found 11.3 million women-owned businesses in the US employing nearly 9 million people and generating more than $1.6 trillion in revenue. From 2007 to 2016, the total number of women-owned firms increased by 45 percent — five times faster than the national average, during a period that included a severe recession.

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