U.S. businesses owned by women have an economic impact of $3 trillion today. That translates into the creation of 23 million jobs, which is 16 percent of all jobs, according to the National Women’s Business Council. Clearly, women-owned firms are a major player in the overall economy.
The NextWomen business magazine, as part of its mission to help female entrepreneurs, executives and investors, has created something called Start Up Diaries, a compilation of stories about successful entrepreneurial women.
The tips to be gleaned from these stories are wide-ranging, and I encourage you to check them out yourself. Following is a list of some of my favorites. I hope they’ll help guide you on your entrepreneurial journey.Read More›
Think bigger. That’s one piece of takeaway advice from a recent piece in The Next Women, which interviewed Elizabeth A. Vazquez, president and CEO of WEConnect, a corporate-led nonprofit organization that helps women business owners connect with local and global partners. Her advice leads the latest edition of “Keys to Success.”Read More›
When it comes to securing a loan for a small business, it’s natural to think a bank is the best bet. And that may be true, but a loan may be more difficult to secure than you think.Read More›
Small business owners often find themselves responsible for all aspects of their business, from sales and marketing to HR and, most importantly, keeping finances in order.
Hiring an accountant is a luxury at first. Using mobile apps that help track business expenses is a great, cost-effective option.Read More›
For people struggling to get a small business off the ground and lacking the right credit for traditional loans, there is the possible assistance of a federally assisted microloan.
The Small Business Administration itself doesn’t loan the money, but it helps make microloans available through nonprofit, community-based organizations experienced in lending and helping fledgling businesses. Loans may come with training designed to help you succeed.Read More›
Success stories are everywhere in business. Sometimes you just have to look in unexpected places to find them. For this installment of Keys to Success, we peek into a stationery boutique, a small-town general store and an old-fashioned barbershop.Read More›
There’s an old sitcom episode in which the title character and her husband fear an audit from the Internal Revenue Service. And every time the word “audit” is uttered, an ominous “dun-dun-DUN!” sound is heard.
No one likes to hear that sound.
But the tax laws can be equally ominous for those looking to start a small business. Here are a few tips to get started. Now, we must emphasize that these are baby steps, not a comprehensive guide. Find your friendly neighborhood accountant to get specific details about what you’re getting into.Read More›
Sometimes, reading about actual people who took actual steps to achieve success is more rewarding than yet another list of “Top 5 Secrets” to achieve A, B and C.
Maybe it’s because “listacles” are often reduced to convoluted and over-generalized advice. More likely, though, the reason success stories work is because we can relate to subjects’ backgrounds and ambitions, and we hope their lessons will light our way.
In that spirit, here are the condensed stories of people from socially or economically disadvantaged backgrounds who overcame the odds in establishing their businesses. I hope they’ll inspire you.Read More›
Funding is a particular impediment for small businesses, especially those owned by socially and economically disadvantaged entrepreneurs. In 1953, Congress created the Small Business Administration to mitigate the problem, but fraud and inflated reporting practices have plagued the agency for years.Read More›