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Archive for June, 2013

Starting A Women’s Business

Wednesday, June 19th, 2013

Women are leaving the workforce in droves in favor of being at home. Not to be a homemaker, but as job-making entrepreneurs. Women have been starting businesses at a higher rate than men for the last 20 years and tend to create home-based micro (less than 5 employees) and small businesses. For some women, dissatisfaction with the corporate world begins before they have a chance to even enter the workforce. Nowadays, more women are starting their own businesses in order to live the lives they want. Women can start basically any business. If you want to take control of your finances and be your own boss, there are several types of businesses you can start. Choose a business that you know something about and that interests you.

You’ve finally decided to start your own business; it looks like you’re up for the challenge. First, a woman should make a list of all of her strong points and skills that she could offer her business. Some of the most successful businesses run by women developed when they built on their interests or hobbies.

Women are excelling in small businesses. They start businesses faster than the national average, are more likely to succeed and are experiencing dramatic increases in employment, revenues and net income. And while a great number are home-based and sole proprietorships, women-owned businesses have grown significantly in nontraditional industries such as construction, wholesale trade, agriculture and manufacturing. Before you delve into the many possibilities, consider your likes and dislikes to narrow the field. Loving what you do is the key to making any business work and become successful.

The next step is to find some way to finance the best business idea since the invention of the wheel. A female entrepreneur know that there are quite a number of women business grants available, but the trick is to find out which ones will do you the most good. Women’s Business Grants are numerous, but many women are not aware of all of the offerings available to them. Some of the business grants that are available are just for women. There are so many options not only for just to own or maintain a business, but, also to help with schooling to help you with your business. This can help with you bettering yourself to maintain the business.

Getting financing can be difficult, especially in these tough economic times. Traditional banks are still lending money for start-ups. Requirements may be stricter, but you can be successful at getting the money you need to start your business if you present a well-researched business plan complete with financial projections. You must also have a good credit rating.

Whether you decide to start your own business or buy a franchise, create a business plan that includes finance projections, a marketing strategy and an exit strategy. Without a plan you are working blind and unprepared for the challenges that will come with the territory. A business plan will help ensure your success.

Women who surround themselves with other entrepreneurial women are more likely to succeed. When leaving a secure job to become a business owner it is likely that there will be a bit of culture shock. Alleviate the shock of going into business for yourself by starting a part-time business while working a full-time job. This way you can work up to finally quitting your full-time job and be able to afford and sustain your new entrepreneur lifestyle.

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