A woman-owned business has many positive attributes that make them a growing part of the market. According to the Women's Business Enterprise National Council, women-owned companies in the U.S. generate an estimated $1.8 trillion in revenue every year. As this market segment continues to increase, it's important to remember why it pays to support them. Here are three great reasons to consider supporting your local woman-owned business.

1. It Helps to Support Your Community

Most local communities rely on small businesses to keep their economies vibrant and strong. When you support a local business, no matter who the owner is, you're helping to support your community. Without the support of local residents, small businesses could stop flourishing. And, as their business decreases, so does their potential for growth and longevity. When you seek out small businesses and businesses owned by women, you're helping your community maintain a strong commercial economy. The more successful small businesses there are in your area, the better.

2. Your Local Woman-Owned Business Gives Back

If you want to see your community thrive, supporting a woman-owned shop or service provider can help. Successful business owners also tend to give back a lot to their local communities. Mentorship is one of the many areas in which female business owners thrive. Supporting a woman-owned business near you is a great way to help ensure mentors have the resources necessary to bring up the next generation of entrepreneurs in your neighborhood.

3. Diverse Ownership Builds Stronger Business

A diverse and varied business landscape is a successful landscape. Without diversity, a business area can be at risk of failure. If you want your commercial options to be varied, it's important to support businesses of all types. This includes shops, manufacturers, and distributors. As more women expand their ownership to a wider range of industries, the more commonplace it will become for people to interact with a number of different companies with a woman owner. Now's an ideal time to learn more about the businesses in your local area that are owned by women.

Are you looking for a reliable source of wholesale supplies? We're a local business run by women that would love to work with you! Contact us at Collins Wholesale Supplies today to learn more about our products and services. We look forward to working with you!