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: 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…)
