Women who go into business for themselves often face unique challenges, including obtaining the much-needed capital to cover startup costs. Many turn to personal savings and relationships for financial support. That’s according to a recent Babson College and Baruch College annual survey named the Global Entrepreneurship Monitor that surveyed 5,944 individuals between the ages of 18 to 74 about trends concerning women entrepreneurs. The study found that startups operated by women took on average $10,000 in capital. While some women reported that they needed half that amount to get started because they intended on borrowing from friends and family.
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Were you aware that by the year 2018, women-owned businesses will produce one in three new jobs? Currently, 30% of the American market is dominated by female entrepreneurs, and this number is growing daily. Women Impacting Public Policy (WIPP) estimates that as of 2015, there were, “9.4 million women-owned businesses in the United States, generating over $1.5 trillion in revenues.” That’s a huge impact on bettering the lives of many working women around the nation, and providing more career options for the youngest generations entering the workforce.
Women have come a long way in terms of starting and running powerful organizations of their own design. Today, there are many women CEOs and other female leaders who are shaping the industries they work in. According to the most recent figures from the National Association of Women Business Owners, one-fifth of all privately owned forms with revenues of $1 million or more are owned by women entrepreneurs. This represents around $1.5 trillion in total sales and 7.9 million jobs. Over the decades, women have gone from being financially dependent on husbands to being independently wealthy. This has transformed society for future generations.
Are you a woman seeking a small business loan? Perhaps you have been somewhat intimidated by the process, worrying that you may face problems getting the money you need to start and grow your business. Going to your friends and family to borrow the money is out of the question and your personal savings aren’t enough. Fortunately, it’s easier than ever before for women to obtain small business loans. Financial institutions now see women as very capable business owners and are more than happy to provide additional capital to make running a successful business a reality.
Barbara Corcoran is proud to be the only female shark on Shark Tank, one of the most popular TV shows for the past seven years. It’s just another accolade she can add to her already massive list, which includes the Realty Foundation Golden Apple Award and being named one of “New York’s 100 Most Influential Women in Business.” As the New York chairperson of the Young President’s Organization, she advises 500 of the most successful entrepreneurs in the world.
How did New York Real Estate get its first Queen?
It’s hard to imagine Suze Orman as anything but a financial wizard. Fast-talking, straight-shooting, she’s been imparting financial expertise since 2002. USA Today called her a “one-woman financial advice powerhouse” and Forbes named her one of “The World’s 100 Most Powerful Women” in 2010. Her talk show, The Suze Orman Show, is heard by avid listeners around the world and continually garners award after award. She’s one of the most instantly recognizable financial experts in the US today.
But that isn’t where she started.
The Huffington Post emerged in 2005 out of seemingly nowhere. It has a vision for 24/7 news that pushed even further than most other large news outlets. In a market where advertising isn’t doing what it used to for the news industry, companies are rethinking their budget because of the effects of the forward thinking entity that is Huffington Post.
Arianna Huffington has tons of practices which she says is her secrets to success. As the 52nd most powerful woman in the world, we should listen.
From raising children to running for president, women have proven over and over again that they have what it takes to have it all. There are some 9.1 million firms owned by women in the United States alone, generating $1.4 trillion dollars in annual revenues, according to the National Association of Women Business Owners. But, one of the final barriers that exists for women is obtaining the capital needed to finance a business dream. Fortunately, it’s getting easier for women to get small business loans.
When Sara Blakely failed the Law School Admission Test, she took a job at Disney World for three months. She also would occasionally perform stand up comedy. Now, she is one of the most successful entrepreneurs on the planet. Here is her incredible story, and what we can learn from it.
You don’t have to be in business long to realize the importance of cash flow. Growing businesses also need money to invest in expansion or new assets. Small business loans can help women entrepreneurs reach their goals.