Women's Entrepreneurship Day 2022: The History and the Need to Celebrate Women in Business

By: WE Staff | Saturday, 19 November 2022

We no longer live in a time when gender stereotypes connected with occupations and industries that were viewed as the realm of males limited women to particular professions. Women have gradually gotten into every job, whether it be that of a pilot, chemical engineer, real estate agent, or cricket player.

Unfortunately, barriers like rigid family values, misgivings about their athletic abilities, and—most importantly—cultural backwardness still exist for women. But that hasn't stopped women from shattering barriers and moving forward. Because of startup culture, women are now taking over industries and holding more powerful positions inside their own firms.

By launching new businesses from the comfort of their homes, women are challenging the status quo in fields that have historically been dominated by males.

The pandemic offered them the chance to apply their skills to launch a business, which is all owing to the push. The World Economic Forum's 2022 Global Gender Gap study cites LinkedIn data that shows India had the fastest growth rate for women entrepreneurs during the pandemic.

This Women's Entrepreneurship Day, observed on November 19, honours all the women who pushed themselves and persevered in creating their own businesses. This day aims to honour all the effort people put in to manage both their home and their work, regardless of how big or little the business is.

Women's Entrepreneurship Day's History

More than 144 nations recognise Women's Entrepreneurship Day, which was established in 2014. The United Nations in New York City hosted the inaugural event, and other more events took place all over the world.

Wendy Diamond, an entrepreneur herself, launched the day because she wanted to assist people all around the world. She worked as a volunteer for an organisation that supports low-income women in Honduras with microcredit and wanted to further similar causes.

The Women's Entrepreneurship Day (WED) Pioneer Awards are a separate event that honours women who have demonstrated leadership qualities in various business enterprises. WED also offers opportunities to the world through its ambassador and fellowship programmes.

The Importance of Women Entrepreneurship Day

This day is crucial because it serves as a means of support for female entrepreneurs and inspires women from all walks of life to take the plunge and launch a business they've always desired. A single word of encouragement would inspire the ladies to grasp the reins and drive their company forward with the same fervour and strength.

Celebrating days like these provides us the chance to take concrete actions in a time when we are talking more and more about equal opportunities.