Women’s entrepreneurship is on the rise, according to preliminary data from U.S. Census Bureau, which shows that women are increasingly becoming small business owners. U.S. business ownership rose 27.5 percent for women, and overall, America added one million net, new businesses from 2007 to 2012, a period in which U.S. employment fell by 3.8 million.
This is exciting news for celebrating National Women’s Small Business Month, created by the U.S. Small Business Administration (www.sba.gov), as it is important to not only recognize the contributions of women-owned businesses, but to help more women get started. Women still face many challenges when it comes to business ownership, and the Small Business Administration has the resources and assistance to help women-owned small businesses over the hurdles to start-up.
The U.S. Small Business Association broke some significant records last year: small loans under the SBA’s Community Advantage loan program went from $56 ½ million to $200 million – that’s an 80% jump. More importantly, capital was available to those who need it the most.
• Women’s lending was up 19%, and
• Minority lending was up 26.5%.
What can you do to help support women-owned small businesses? Buy from them, thank them, encourage them, brag on them, and tell your friends about them to show appreciation for their work in contributing to the U.S. small business economy by providing needed products and services.
If you are a woman, would like to start a business, and have questions or need help in getting started, please contact our office today. As a woman-owned firm, we specialize in helping women just like you to set up and run a profitable small business.
As a CPA, Accredited Small Business Consultant and Advanced Certified QuickBooks ProAdvisor, we specialize in working with small business owners and provide tax, accounting, financial analysis and management, and small business consulting services. We can help you to start, manage, and grow your small business. Our telephone number is (727) 391-7373, or you can visit us at http://www.LStortzCPA.com.