The Balancing Act

Business Resources For Women

Article: United States Small Business Administration
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Don't Improvise Your Way Into Business

More than 10 million businesses nationwide are owned by women, according to the Center for Women's Business Research. But still many women find it intimidating. That's why the U.S. Small Business Administration has the Office of Women's Business Ownership, to provide resources for women who want to create or grow their business.



Business Resources For Women

The U.S. Small Business Administration (SBA) provides small businesses the tools they need to grow and create jobs using the "Three C's" of Capital, Contracting and Counseling.

C: CAPITAL. Capital is all about making sure you secure proper funding. This can be done through conventional loans, SBA backed-loans, or by investor financing.

C: COUNSELING. Seek help and network. SBA Direct www.sba.gov/direct gives information and services based on your unique business needs. It is a personalized tool to help connect business owners to information and resources.

C: CONTRACTS. The federal government spends $100 billion a year in contracts to small businesses. States and local governments also spend billions combined.

SBA fosters the successful participation of women entrepreneurs in the economy by providing women with business training, counseling and mentoring; access to credit, capital and federal contracting opportunities.

SBA's Women's Business Centers (WBC's) are a national network of 110 education and training centers to assist women start and grow small businesses. WBC's operate with the mission to level the playing field for women entrepreneurs, who still face unique obstacles in the world of business.

SBA's "Startup America" initiative is working on ways to help women start more businesses. Startup America is a national initiative to promote high-growth entrepreneurship across the country. The initiative is working to help encourage private sector investment in job-creating startups and small firms, accelerate research, and address barriers to success for entrepreneurs and small businesses.

SBA's new Women-Owned Small Business (WOSB) Federal Contract Program will help more women-owned firms get federal contracts. The WOSB Federal Contract Program will provide greater access to federal contracting opportunities for WOSBs and economically-disadvantaged women-owned small businesses (EDWOSBs). Starting now, women can log on to the WOSB website and upload their information into a secure online portal. At the same time, SBA is training contracting officers on how to set aside opportunities for these women-owned firms. Federal contracts can provide women-owned small businesses with the oxygen they need to take their business to the next level.

To learn more, please visit http://www.sba.gov.

Newsletter article: Business Resources For Women

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