Women Entrepreneurs: The Money Is Out There!

Women Entrepreneurs
Written by Camilla Evaline

If you want something said, ask a man; if you want something done, ask a woman."

Margaret Thatcher                 

Women are nurturer's by nature. This inborn capacity to develop, cultivate and foster is transferable to the business world, especially in the local communities across America by way of entrepreneurship. Women owned businesses can, and many times do, impact the social structures by helping to conquer some of the economic challenges our nation faces in this day and age like education, hunger and housing.

There are revenue opportunities for women in industries such as:

  • retail
  • e-commerce
  • health care
  • wellness
  • medicine
  • community
  • social networking
  • education
  • job-recruitment
  • advertising
  • marketing
  • audio
  • visual
  • media
  • energy
  • environment
  • sustainability
  • gaming
  • virtual worlds, and finance.

There may be a notable disparity between women-owned businesses and men-owned businesses in trades such as information technology, manufacturing, construction, and transportation, but that's not to say the opportunities aren't presently available.

There's not just a select few women wanting to be in business for them selves either. Even though statistics show lower numbers of women than men actually spearheading startups, there are countless numbers of women out there who desire to capitalize on a business idea. The mere thought of starting their own business and not having to work for someone else is appealing to many women, and being able to build wealth is just as important as the other aspects.

But, let's face it; there are obstacles some women have to overcome and the main disadvantage these women face is finding and securing the right type of funding. A lot of that is due to women not having mentors to guide them on the right path to becoming a high growth company, or not knowing about and accessing programs geared toward women and minority-based businesses.

Studies show women entrepreneurs tend to seek funding from personal sources: family, friends, saving accounts and home equity loans as opposed to external sources like bank loans, angel investors, or government grants.

It's difficult for women to access capital, especially obtaining loans that are under $150,000, but above $10,000. Most women entrepreneurs are seeking funding upwards of $50,000.

What a lot of people do not understand is that it costs the banks to process loans and it costs them about the same for a low amount loan as for a high amount loan. From the bank's perspective, the downfall is that the risk appears to be higher and the profit lower, so they don't typically bother lending under the $150,000 mark.
Even women who did apply for a bank loan at one point in time and was turned down by a bank are less likely to go back to the bank at a later date and re-apply, letting potential funding to stagnate.

Women have to harness their power - it's absolutely true. It's just learning not to take the first no. And if you can't go straight ahead, you go around the corner."


It is extremely important for women entrepreneurs to learn about nontraditional lending opportunities that may be available to them, such as business credit cards that can be converted into cash. Startups receive up to $75,000 in funding while seasoned businesses receive up to $150,000.

Business credit cards are based on a personal guarantee. So, there are several criteria that must be met to be approved:

  • 720 credit score
  • 30% debt-to-credit ratio
  • ​NO bankruptcies
  • ​NO foreclosures
  • ​NO missing payments in the past 24 months of making application
  • one or more credit cards with a $5,000 maximum limit and a 10 year personal credit history.

And if a borrower is short on any of the criteria mentioned, she can receive mentorship from business credit card consultants on how to meet those must-haves. One of the great benefits of using business credit as compared to personal credit is that it doesn't report to personal credit reporting agencies.

If you are a woman who is a nurturer by nature and have an entrepreneurial spirit ready to develop, cultivate and foster a business that will contribute to the economy and better society then make the decision and do something about it today.

Article Source: http://EzineArticles.com/expert/Janine_Herrera/2328775

About the author

Camilla Evaline

Why settle for average when you can have the best?

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