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The Excelerator

What is a WBE?

In today’s business world, the significance of Women’s Business Enterprises (WBEs) cannot be overstated. These enterprises, recognized for being at least 51% owned, operated, and controlled by women, represent a powerful movement toward diversity and inclusion in the corporate realm. The Women’s Business Enterprise National Council (WBENC) is at the forefront of this movement, providing certification and support to women-led businesses.

Excel Communications Worldwide: A Case Study in Female Leadership

The Impact of Women-Owned Businesses

The statistics surrounding women-owned businesses are both impressive and revealing. As of 2018, there were approximately 12.3 million women-owned businesses in the United States, comprising 40% of all businesses.

These enterprises have witnessed a remarkable growth rate of 58% since 2007, surpassing the overall business growth rate. Women-owned businesses are responsible for employing 9.2 million people, about 8% of the private sector workforce, and generate $1.8 trillion in revenue, which equates to 4.3% of total private sector revenue.

The Role of WBENC in Supporting Women Entrepreneurs

WBENC plays a crucial role in supporting and advocating for women-owned businesses. Through certification, networking opportunities, educational programs, and initiatives like the Women Owned Initiative, WBENC helps women entrepreneurs gain visibility, access business opportunities, and overcome barriers to growth. Their work not only empowers individual businesswomen but also contributes to a more diverse and inclusive economic landscape.

A Future of Inclusive Growth

As we witness the growth and impact of WBEs like Excel Communications Worldwide, it’s clear that the journey towards a more diverse and inclusive business world is well underway. However, there’s still much to be done to ensure that women-owned businesses not only increase in number but also in economic impact. With organizations like WBENC leading the charge and inspiring companies like Excel, the future looks promising for women entrepreneurs and the global business community at large.

The story of WBEs is not just about business success; it’s about reshaping the business landscape to be more inclusive, equitable, and representative of the society we live in. As we continue to support and celebrate women-owned businesses, we are paving the way for a more diverse and dynamic future in business.