Look for groups that match the kind of business you want to run and apply for any available grants.
Keep in mind that many grant committees only meet once or twice a year and it may take that long to get approved and get your grant. If your personal or business credit is good, there is money available to start a business. The Small Business Administration, SBA, has a special program for women entrepreneurs and provides loan guarantees at a very competitive rate.
WCEC – Empowering, Educating, Embracing Women in Business
If your credit is not yet established or poor, loans may not be available. It is best to open small trade line accounts for your new business to help establish credit before seeking a loan. Many successful women in business are more than happy to help other women interested in starting their own companies. An angel investor is someone who usually remains behind the scenes and contributes the necessary funds for a start-up until the company is more established and eligible for traditional financing.
However, angel investors may not be easy to find. Networking and getting the word out about your new business in your community is typically the best way to interest a potential angel investor. As you get your business off the ground, surround yourself with people who will help you succeed, whether it's through support or lending a hand to get the business started, said Cammy Miller, co-founder and creative director of Show Me Your Mumu.
Money for Women Entrepreneurs to Start a Business
There are so many important skills, and you can't be good at everything. It's OK to ask for help and collaborate with other people. Building a business from the ground up is challenging no matter how you look at it. But, ultimately, you should love what you do. Starting and running a business is by no means easy, and there are going to be a lot of hardships and emotional setbacks," Trude said.
Business Ideas for Women
More than passion, you need "the will to try," said Christy Wright , certified business coach and author of " Business Boutique. Feeling afraid is just part of the package, said Wright, who counsels female entrepreneurs to work with their fears.
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You'll learn and adjust and keep moving forward. Before you know it, you'll be making money doing what you love. The number of women-owned businesses is on the rise. Bonnie Micheli and Tracy Roemer, co-founders of fitness studios Shred "It's easy to become eager when working to accomplish or complete a goal. Haley Palmer, franchise owner of real-estate firm WIN Home Inspection "Women have the tendency to sell themselves short, assuming that speaking positively about their achievements is bragging.
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Zakieia Rouah, serial franchisee of Anytime Fitness in Morocco "People can make you feel very small when starting to work on your dream of establishing yourself in business, especially in a male dominated business environment. VIDEO Two Questions with Adam Bryant.
Kathy Neave, owner of decoration business Neave Decor "The more present you are in the industry, the more people you will connect with. Helen Robertson, owner of travel operator Expedia CruiseShipCentres "You never need to feel like you have to be the smartest person in the room. Inger Ellen Nicolaisen, founder of international hair salon Nikita Hair "Owning your own business can pose many challenges and perceived problems, but with every problem comes an opportunity for a solution.
Kati Buckland, franchise owner of cleaning business Chem-Dry "I'm a big believer in keeping your goals present — write them down as a reminder. Don't miss: How failure helped 6 millennials launch a multimillion-dollar international start-up Like this story?
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