Female business owners are having a major impact on the smallbusiness landscape nationwide. Based on The 2016 State of Women-Owned Businesses Report from American Express, in 2016, 11.3 million women-owned businesses were estimated to exist in the US, a 45% increase since 2007.

 

Getting certified as a woman-owned small business can serve as a path leading to new, more profitable opportunities in your industry. This is a tool called toopen upnew opportunities for women and increase visibility. Be aware that there are 2 types of certifications: Women Owned Small Business and Woman Business Enterprise.

 

How to Grow a Woman-Owned Business

From 2007 to 2016, the number of businesses owned by women entrepreneurs increased by 45%, as compared to a 9% growth among all businesses. It’s a common knowledge that women entrepreneurs come across various challenges while trying to get access to working capital. Recent data shows that from the total companies that received funding in 2016, only 4% were owned by female entrepreneurs.

 

However, this doesn’t mean obtaining funding for your woman-owned business is an uphill battle that can’t be overcome. By turning to a reputable alternative online lender, you, as a woman business owner, can get easy approval for business funding tailored to your own specific business needs.

 

Respectable business funding providers offer exceptional financing opportunities, including ACH eCheck services. For the true professional in the field, your bad credit or no credit history, or even your bankruptcy can’t be a problem at all.

 

Here are 5 tips you can use to grow your business easily:

 

  1. Be SMART – Setting SMART goals is critical to your success. SMART means Specific, Measurable, Achievable, Relevant, and Timely. Using a SMART strategy can help you close more deals and increase revenue.

 

  1. Turn to the Right People – Sharing your solutions with the right people, meaning those who are interested in the solutions you’re offering, can help you create awareness of your products/services.

 

 

  1. Turn to the Right People –Find out who the right people are at the companies you’d like to do business with and contact them directly.

 

  1. Establish and Grow Relationships–Building and nurturing relationships can open up new doors for your business. Get down to establishing those relationships as soon as possible.

 

  1. Never Give Up – Your SMART marketing plan, the ability to reach out to the right people at the right companies, and strong relationships can give birth to new, profitable opportunities for your small business. Focus only on building a bright future for your company.

 

Even though it can be challenging to grow your woman-owned business, by taking smart steps, you can overcome the hindrances with ease and take your business to the next level without major difficulties.

 

Business Funding expert, Nathan Hale, founded First American Merchant with his eyes set on helping the backbone of our country, small business owners. His passions include writing/producing music, and travel. First American Merchant is America’s Best ACH eCheck services company, serving both traditional and high-risk Businesses.

 

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