Shattering Statistics
In 2020 the Inaugural SheEO Summit premiered. In 2021 we cultivated SheEOs with better business practices and in 2022 we provided SheEOs with tools and best practices to sustain self care. In 2023 the SheEO Summit turns for and SB Wil Designs is proud to continue the tradition of providing budding Women Entrepreneurs with support and resources to grow.
We are back for another National Women's Small Business Month event to continue applauding the talented, dedicated, and driven women whose entrepreneurial spirit helps drive our nation's economy forward. In 2019, women started 1,821 new net businesses every day, 64% by women of color. In 2020, 38.25% of businesses worldwide are women owned and operated. Today, there are over 13 million women-owned businesses and counting. And we want to keep it that way.
According to statistics published in 2021 by the Small Business Administration (SBA), about 32% of business startups fail before two years. A little over half (51.1%) succumb to business failure within five years. By year 10, only 33.6% survive. The 15-year survival rate is 25.7%. The reality that many businesses today are being started by people with little to no business experience is contributing to these numbers. Some of the top reasons businesses fail include poor management, money mistakes, poor marketing practices and lack of planning. SB Wil Designs, LLC is trying to combat that.
This year, as SB Wil Designs LLC turns seven and the SheEO Summit turns four, we are preparing an interactive webinar conference on October 28th from 10AM to 2PM ET as SheEO Summit 4.0: Shattering Statistics. We will be featuring four fire packed sessions from these fabulous SheEO Presenters: