Published on February 18, 2009 by davidguide
photo credit: Batgeek Fotos
Government provides different kinds of benefits and allowance to common people and women enjoy some special benefits in addition. Various foundations or societies of private or public organizations besides the governments set aside provisions of millions of dollars for the social welfare and women. They see to the factor that the progress of women doesn’t get any hindrance due to lack of funds.
Types of grants
Grants of different types are being offered these days so that the money can be utilized so that proper returns are received by women from the funds. There is hardly any field where women lag behind but funds may not always support their spirit. So the government and other welfare organizations can be approached to get financial assistance. (more…)
Published on February 18, 2009 by davidguide
photo credit: Wonderlane
Business loans can be defined as money lent for a specified amount of time at a specific interest rate to a specific person or people that operate a business or plan to operate a business. This definition is very broad, but so are the various types of loans available to business people. Deciding on which type of business loan that you and your company will benefit from the most is very important. Often times, a start-up business or someone that has never owned a business will find themselves more or less applying for a “personal” loan. This can be a very risky endeavor, mixing business loans with personal loans, however, often times it is the only available means for first time business owners.
One of the first things personal business owners need to do is establish business credit. Business credit can help you get a business only loan without using your personal credit. Establishing business credit can be done by: (more…)
Published on February 18, 2009 by davidguide
The freedoms that we enjoy in the United States make it truly the “land Of Opportunity”. An entrepreneur can succeed in the United States, as long as they are willing to take a risk. The larger the risk the person is willing to take, the larger the reward. However, some people can go their entire lives without having a chance to take that risk. The government and private organizations give out millions of dollars in grants every year to entrepreneurs to help give them the ability to take a risk in order to make this country a better place to live. However many of these organizations appear to be hesitant to give a grant for women owned businesses. This might be true in many instances, but there are actually government grants and private foundations in the United States setup for the sole purpose of funding women owned businesses.
The government does not actually set aside very much money to fund grants for women owned businesses, but the government does have quite a few grants for minority owned businesses. Some people might not realize right away that these grants can easily be taken advantage of to help fund a women owned business. (more…)
Published on February 11, 2009 by davidguide
photo credit: madaboutasia
The top reason a lot of businesses fail is poor management. This is closely followed by poor financing and lack of experience. Many people, not just women, go into business with more passion than business sense. Whatever path you choose, passion is important, but passion alone won’t pay your bills or replace your day job. You have to have a plan.
One thing we need to think about is whether our chosen business is one which has a high income potential. According to the Center for Women’s Business Research, there are more than 10.4 million businesses owned by women, but only 3% of all women-owned businesses earn revenues of over a million dollars compared to 6% of men-owned businesses.
On the other hand, according to All About Women Consumers, when women are provided with relevant information, they do more research and due diligence than men. They also tend to become millionaires younger than men and own the majority stakes in over half of privately owned businesses. (more…)
Published on February 11, 2009 by davidguide
photo credit: f_mafra
I’ve been in private practice for almost 10 years, now. I am living my dream; I do what I love to do, the hours I work are the hours I choose to work, and I can often take time off to play with my family or enjoy a friend, if I wish.
But, as most self-employed people, I’m a hard boss, and as a female small business owner, I have much more to do than just ‘work’. As I type this, I am also making lasagna so my husband has something he enjoys eating while I’m out of town for the next few days, working. I also need to fold the laundry that is in the dryer so I can take care of some last minute clothes I want to pack for my trip. Tomorrow I will get up a little earlier than necessary so I can get a quick workout in, then be sure I have my suitcase packed and in the car before I see my first client in the morning, because when I’m out of school, I will leave directly for the airport for my trip. During the trip, if I have all my studying for classes done, I can then start working on my articles and newsletter that will be due soon. I should have all my charting done for my clients before I leave tomorrow, too.
If you are in business for yourself, this probably sounds pretty familiar. If you are just starting out, yes, it sounds scary, and there definitely are days that you will wonder what the heck you are doing, but I am still here to tell you it’s all worth it. (more…)
Published on February 11, 2009 by davidguide
photo credit: ahinsajain
In the world of business, women are considered to be a minority regardless of their race. Many government contracts and business arrangements require that a minimum percentage of business transactions be handled using minority owned businesses. For this reason, getting a business certified as woman-owned can be advantageous and open up new markets for goods and services. But, who offers certification and how does one get her business certified as woman-owned?
The Nation Women’s Business Owners’ Corporation (NWBOC) is the first organization to offer a certification program for woman-owned businesses. The NWBOC is a non-profit organization created in 1995 to provide assistance to woman business owners in competing for government and corporate contracts. Their Women’s Business Enterprise (WBE) certification program is one step in this process. (more…)
Published on February 11, 2009 by davidguide
photo credit: ms Belvedere
1. Introduction
During the last two decades, Indian women have entered the field of entrepreneurship in greatly increasing numbers. With the emergence and growth of their businesses, they have contributed to the global economy and to their surrounding communities. The routes women have followed to take leadership roles in business are varied. Yet, most women business owners have overcome or worked to avoid obstacles and challenges in creating their businesses. The presence of women in the workplace driving small and entrepreneurial organizations creates a tremendous impact on employment and business environments.
Indian women business owners are changing the face of businesses of today, both literally and figuratively. The dynamic growth and expansion of women-owned businesses is one of the defining trends of the past decade, and all indications are that it will continue unabated. (more…)
Published on February 11, 2009 by davidguide
photo credit: Daniel E
Running a small business can sometimes feel like fighting a battle and you are not sure you are winning. Every day thousands of small business owners pour their heart and soul into making their business a success. It is exciting to see that women entrepreneurs have excelled.
• Women-owned firms employ nearly 13 million people and generate $1.9 trillion in sales.
• Between 1997 and 2006, majority women-owned firms (51 percent or more women-owned) grew at twice the rate of all firms (42 percent vs. 24 percent).
• The vast majority (83 percent) of women business owners are personally involved in selecting and purchasing technology for their businesses.
• Women owners of firms with revenues of $1 million or higher embrace financial measurements as management tools and produce more financial reports more often than smaller firms. (more…)
