We’ve gathered some useful tools for female small company entrepreneurs, such as COVID-19, finance, and mentoring options.
What you’ll discover:
What are some resources dedicated to assisting women-owned small businesses?
Is there any financing available for female entrepreneurs?
Extra Beneficial Resources
Almost $1.9 trillion in sales and 9.4 million employees support the more than 13 million women-owned companies in the United States. This information comes from the National Women’s Business Council’s annual report for 2019. These figures are outstanding; women’s entrepreneurship remains an essential element of our economy.
Due of the tremendous development in women-owned companies, and in honor of National Women’s Small Business Month, we have collected a list of useful sites and outlined some of the services that women may obtain utilizing these resources.
Table of Contents
What are some resources dedicated to assisting women-owned small businesses?
Since there have traditionally been so few women-owned firms, women have historically struggled to get assistance as small company owners. That has evolved over time, and there are now a variety of national organizations and government initiatives that assist women small business entrepreneurs. These programs and organizations provide mentorship and funding options, as well as advocate for legislation that benefits women-owned small businesses.
Small Business Administration (SBA) – The Business Handbook for Women-Owned Companies is one of the most important tools to evaluate whether you currently have a company or are thinking about beginning one. This booklet contains a wealth of information for company owners on government contracts, financing options, and connections to SCORE (Service Corps of Retired Executives), where business owners may get free advice from retired businesspeople who have encountered many of the same issues.
Women’s Business Centers Association — There are 100 Women’s Business Centers (WBC) around the United States that are dedicated to your success. These business centers provide women with information on company growth, funding options, and other topics. A membership charge is required to have full access to all of the material on their website; however, you may search for a WBC by state for free utilizing the website.
The National Association of Women Business Owners (NAWBO) has been campaigning for women company entrepreneurs since 1975. This organization has been a powerful champion for women from its inception, using chances to build strategic partnerships, campaigning publically via politicians on behalf of women company owners, and giving essential information to women business owners to help them to prosper.
Is there any financing available for female entrepreneurs?
Securing capital is a hurdle that all female entrepreneurs encounter. This is a continuing issue for many, whether it is growing current lines of credit, acquiring funding to establish their firm, or finding the cash required to build their organization. This is particularly difficult during a pandemic, when money may be required to continue in company through a severe economic slump. Here are a few sources for financial assistance during these difficult times:
Women’s Venture Fund – This non-profit organization is dedicated to providing assistance to women-owned enterprises in urban settings. Women’s Venture Fund provides consulting services, seminars, and modest loans.
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Opportunity Fund —The Opportunity Fund is a non-profit organization that provides financial assistance to underrepresented small companies. Microloans are made available to low- and moderate-income immigrants, persons of color, and women.
Extra Beneficial Resources
COVID-19 has wreaked havoc on many firms, with women-owned businesses bearing the brunt of the damage since many of them provide services. These are some resources to assist women recover. Among the presently accessible programs are:
During COVID-19, Open We Stand is a website that provides a meeting place for small business support and information. Small business owners congregate here to offer strategies for reopening and remaining open and safe throughout the epidemic.