If you are a woman planning to start your own business or trying to develop a business that is currently operating, then there would be a lot of factors that you should concentrate on. The most important of those factors would be the various funding resources that might be available to you in order to commence your business and grow. Fortunately, the federal government itself has introduced several funding resources that target specifically on the needs of women business owners. This article will explain the various resources you can access in order to obtain the funding you need.
The U.S. Small Business Administration (SBA) and the Office of Women’s Business Ownership work together with several organizations to make sure that the best funding resources are made available to women entrepreneurs. Without regard to whether you are trying to commence a new business, looking for the best small business personal loans for people with bad credit, trying to improve your existing business, or seeking contracting opportunities from the government, this guide will serve you best.
The Office of Women’s Business Ownership (OWBO) is a part of the SBA, and exists to set up and manage a vast network of Women Business Centers (WBCs) all over the United States and also in its territories. The technical and management assistance offered by these business centers train and counsel thriving women entrepreneurs, especially those who are socially or economically underprivileged, comprehensively, on a wide variety of topics in several different languages to aid them in starting and developing a business on their own.
The primary partner for such initiatives is the National Women’s Business Council (NWBC), which acts as an advisory body for women business owners. The main duty of this council is only to provide recommendations on policies, and not to provide counseling or technical training to women entrepreneurs. However, having realized the importance of training and counseling, the NWBC organizes various resources on its website, some of which include:
- Women’s Business Centers
- Training and Counseling
- Small Business Development Centers
- The Small Business Training Network
- Government Resources
- SCORE – Counselors to America’s Small Businesses
- Local Training Resources
The National Women’s Business Council takes necessary steps to continuously update these resources and maintain the information up-to-date on their website.
Some other resources that you can benefit from include the following:
- Make Mine a Million: An organization that offers grant awards and conducts annual events for women owned businesses, who wish to improve their annual revenue to more than a million dollars.
- Association of Women’s Business Centers: Provides a wide range of services and support to women entrepreneurs and business owners, inclusive of ways to secure venture capital.
- National Association for Female Executives: Provides useful information on successful women business owners, including newsletters, success stories, discounted equipment and services, and a lot more.
It is always better to seek the help of government operated organizations, rather than private ones, since there are a lot of scams on funding resources available on the internet.