For women thinking of entering the business world in 2020, there are many good things on the horizon. Consider that in 2018 there were 30.2 million small businesses in the U.S. which made up 99.99% of all businesses. Female entrepreneurs contribute significantly to the U.S. economy though it seems they do it quietly. For example, a recent report of a survey commissioned by American Express says 42% of all businesses in the U.S. are owned by women. They generate $1.9 trillion in revenue, employ 9.4 million workers and, in 2018-2019, they started 1,817 new businesses a day. Women also own large scale establishments and they have contributed to new innovations, science and mathematics. Because women contribute so much to the economy, it is fitting that they get as much support as possible.
This guide is for aspiring female entrepreneurs and new women in business with information that helps them to become successful business women.
Where can a woman find information about starting a business?
Having a great idea is not enough to start a business. That is why there are many useful tools and resources available for the modern female entrepreneur. Information is available on business formation services, women in business grants, women-owned-business certification, financial investors, community support, personal growth, and online resources. Whether a woman is starting a sole proprietorship, partnership, LLC, or corporation, help is available.
Women entrepreneurs play many roles as wives, mothers, daughters, breadwinners, best friends, support systems, decision makers, leaders, goal achievers, strategists, community leaders and family event organizers and many others while running their households. That is why they need a lot of support, tools, resources and guides when they start businesses.
How can a female entrepreneur finance a new business?
A woman may have a great business idea but it will not amount to anything unless she acquires funding for it. Potential financial options are available which include grants and government loans which enable women to set up their businesses. With a good idea, proper funding, commitment to success and persistence, it is possible to become a successful business woman.
Are there any resources for women in business in every state?
Starting a business is a huge challenge especially because most people do not have business training. That is why they need resources and tools that support them and address the unknowns. There are many local resources in every state dedicated to helping women to start and succeed in business. Whatever state a woman is based in, entrepreneurial resources have been researched, vetted and compiled as a recommended list for female entrepreneurs.
How does a female entrepreneur connect with other women in business?
Being a female entrepreneur is not easy particularly because many women have to juggle business and family responsibilities. Despite the challenges, there are many successful business women in the U.S. and all over the world from whom startups can learn. Women in business events such as global conferences, support groups and local meetups provide a chance for women starting in business to connect with others. There they share their ideas, discover valuable resources and listen to industry experts.
Local events and state level events are available in every state. International events are available either in the U.S. or in other countries.
How can a woman in business improve productivity?
Female entrepreneurs have to manage many areas including business finances, money, family, personal relationships, and health. Articles are available that help women in business to focus on business, increase productivity and accomplish business and personal objectives.
With so many roles to play is it possible for a woman to take care of herself?
A woman definitely wears many hats especially if she has a family and runs a business. It is quite easy to forget to take care of her mental, emotional and physical health. Tips, tricks and business resources are available that will enable women to get some rest and recharge their batteries.
Can modern technology help women in business?
Women in business can take advantage of technology to gather information, learn new business skills, automate certain business tasks and grow their businesses. Information is available in the form of online magazines, YouTube videos, podcasts, online classes and more. Articles are also available with all the information women need to start and run their businesses and actually succeed.
There is room for innovation
Women have been innovating for a long time but, because this is a man’s world, most female innovators have never been celebrated. Even in modern times, women have contributed a lot to the sciences, mathematics and immensely to NASA’s success in space. More innovation is needed and women are encouraged to take courage and do it because now they will now be recognized.
Female entrepreneurs can learn from those who have gone before them
Women who are starting or growing their business can learn a lot from successful business women’s inspiring stories available in the form of interviews online.
Share
Contributors
