Today, Women Business Enterprises Canada Council (WBE Canada) announced the launch of ‘Tools For Growth’ – The Resource Library for Women Owners Ready To Scale Up Their Business – a promising new initiative designed to support the growth and success of Canadian women-owned businesses.
In Canada, 15.6% of all Small and Medium-Sized Enterprises (SMEs) are owned by women (2017)¹. Though some of these businesses have made considerable progress over time in numerous areas such as access to financial resources, export activity, innovation and adoption of digital technology, only 18.5% of women-owned businesses actually grew their sales and revenue to become a medium to high-growth SME². What causes these businesses to not be able to grow to that next level? Some commonly found issues were lack of resources, limited knowledge on RFPs, lack of community-support and mentors, not being ready for doing business with large corporations and not having access to networking opportunities with procurement leaders.
To read more, visit WBE Canada