The proportion of women pursuing their own businesses has been steadily on the rise since the turn of the Millennium. And while the world of entrepreneurship has gradually become more open and accessible, women business owners still face unique challenges.
Fortunately, resources exist that can help you stack the odds in favor of your small business.
The Top Five Small Business Tools for Women Business Owners
Every stage of running a business carries its own challenges. From securing funding to managing day-to-day responsibilities, there’s always something that needs doing.
That’s why we’ve assembled a selection of resources to help you at every stage of your business’ life.
1. The Women’s Venture Fund
The very first stumbling block that every entrepreneur encounters is securing funding for their business idea. There are many ways to do this, from securing a standard small business loan, to seeking investors among your friends and family, to online platforms like Kickstarter.
But one option in particular that you should be aware of is the Women’s Venture Fund. This organization helps women entrepreneurs build and grow their businesses by providing training, counseling, and credit opportunities.
2. The State Small Business Credit Initiative (SBCCI)
Created through the Small Business Jobs Act of 2010, the SBCCI is a federal program designed to help support small businesses and manufacturers.
It’s not technically a resource itself, but more an act under which many different programs are financed. Some of the programs administered under the SBCCI included below marketing financing or small business grants to help spur economic development.
Check the complete list of SBCCI programs to see what incentives are available in your state.
Asana is a free, web-based project management system, and has become an essential tool for many entrepreneurs.
Users can create tasks for themselves and delegate tasks to other team members. It’s like having your own web portal to help you and your team manage multiple tasks at once.
Asana is free for the first 15 team members, after which point you’ll need to upgrade to premium at a cost of $50 a month.
4. Pay Stub Generators
Speaking of resource management, once you have a team you’ll have to deal with payroll.
In the early stages of your business, you’ll probably be reluctant to recruit a fulltime accountant. So to help make the tasks easier for yourself, you can use an online pay stub generator to streamline each payday.
It’s one of those small, quality-of-life things that helps you handle mundane matters while you focus on growing your business.
5. The American Business Women’s Association
At all stages of business development, you will want to be actively networking. That’s where an organization like the American Business Women’s Association can help.
They bring women from multiple professions and industries together to help each other grow, network, and provide new opportunities.
Tooling Up to Support Your Business
Running a successful business is a rewarding goal like no other. And with more resources for women business owners becoming available, it’s a more accessible goal now than ever before.
As with anything worth doing, there are challenges all along the way, and it can often feel like a 24/7 job. But with these resources, you can streamline the process and get the highest return on the time and energy you invest.
Need more tips on how to build and grow your business? We’re always adding more resources for your small business or startup, so check back often!