Published on October 10, 2009 by davidguide
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The business world is often considered a dog eat dog world. In today’s weak economy, it can be difficult to secure financing for any business endeavor. Women often have a more difficult time securing the needed funds than men for the same type of business. Programs are in place, however, that are designed to provide assistance for women seeking to start a business or expand an existing business they own.
The government Small Business Administration (SBA) has programs that allow it to act as a guarantee agency to assist women business owners in securing loans from financial institutions. The SBA does not make the loans directly, but having its backing can make getting a loan much for a woman in business. The SBA can be contacted at sba.gov to ask questions or apply for one of their programs. (more…)
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Published on October 1, 2009 by davidguide
photo credit: »Philo
More women are leaving the corporate world to become entrepreneurs. For the past two decades, majority women-owned firms have continued to grow at around two times the rate of all firms. According to the Center for Women’s Business Research, the number of majority women-owned businesses increased 42% between 1997 and 2006.
One of the concerns faced by a woman business owner is finding the money to start or grow her business. While some women-owned businesses are funded through a small nest egg, others may turn to additional means of finance.
Here are 5 tips on funding a woman business start-up. (more…)
Published on March 16, 2009 by davidguide
photo credit: BluEyedA73
Are you a woman? Or are you a man that wants to start up a small business for a woman that is your friend or a member of your family? Yes, you need financing… then you should consider business loans for women.
Very high quality information as regards this can be found through Small Business Association. Going to the SBA is worth your time.
The first thing you might want to do here is to get yourself familiar with the SBA, know their operations and guidelines, and study through their informational bulletins etc.
Make use of their online resource, visit their websites and blogs, and read the frequently asked questions section carefully as you may come across a satisfied client who was once burdened with your present business financing situation. The more quality time you spend with the SBA, the better the chances of getting great end results for your quest. (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: 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…)
