While many investors and business owners do insist that an idea is the important element of any business entity, they also do concur that it is quite challenging to start, operate and sustain any business venture without capital. The situation gets even more complicated given the gender-based issues still affecting communities not just within America but also worldwide. However, following the continuous creation of awareness around such critical concerns the situation is gradually gaining the attention of both governmental and non-governmental institutions alike. The goal is to enable women-owned businesses get funded to maintain and expand their operations and this has facilitated a tremendous and commendable increase in the number of …show more content…
With well-known finance consultants, specialists, and publications alike concurring that only a paltry amount of venture capital goes to funding female-led enterprises and even a lesser number of capital firms being women oriented, business loans offer another alternative to financing women-owned businesses. Most finance institutions have come up with strict business regulations thus making access to business loans for women challenging. Nevertheless, the good news is that there have been upcoming institutions that appreciate the efforts and the impact women have progressively in the business work. GoKapital (www.gokapital.com) for example, have made it extremely easy for small businesses and more so for women to access business loans by doing away with the rigorous application process as well as some of the daunting requirements. Their loan product that is specifically designed, putting into consideration women-owned business needs is just one of the best alternatives for women entrepreneurs. They have a hustle free application process that can even be done in the comfort of your office or couch and more delightful is the fact they require no collateral. With collateral being ascribed as the major reason why most enterprises have failed in securing loans, women business owners can take advantage on GoKapital given that they only require a year being in business, 3 monthly statements and only around $ 100,000
-During discussion, the teacher will gauge how the students are following along with the “Shark Tank” Presentation.
par. 3). Start-up capital plays a vital role in putting up a business. How are the owners will operate the business without the finances? How are they going to pay all the expenses like salaries, taxes and materials they need for the business without the money? There are several ways on how to finance the business. Canada Business Network (n.d.) enumerates these ways like government grants, private sector financing, financing from non-government organization, equity financing and personal assets (par. 1). In Canada, there is a government owned financial institution that supports the finances of small businesses which is called The Business Development Bank of Canada (Williamson, 2008, p. 33). Most small business owners do not realize that there are several pathways to finance their businesses that’s why they end up frustrated and unsuccessful. It would be beneficial for the small business owner to know that there are resources available for
As a leading female entrepreneur in Chicago and owner of an Women-owned Business Enterprise (WBE), Borre actively promotes technology and entrepreneurship in her community and she encourages other women to enter the tech field as well. Her expertise
The percentage of stay at homes moms increased by 23 percent from 2008 to 2011, and by 2011 approximately 20 percent of the stay at home moms were part of the low income community. In the current economy, several of these stay at home moms seek to run at home business in order to supplement their household income, but even if they have a complete desire to succeed, they lack the needed education in order to run a successful business (Cohn & Caumont, 2014). According to (Greenstreet) there are several reasons why businesses fail and most of the reasons are due to the fact the business owners don’t have the essential business knowledge that is needed in order to run a business. Most of the knowledge that I needed is made up of simple business management principals which college students learn during their business management and MBA programs. However, most stay at home moms in low income areas don’t have a college education and cannot afford to send their kids to college much less go to college themselves (Dosomething.org).
Women in developing countries are heavily empowered by micro-loans. These women normally aren’t able to provide income for their family because of a lack of education due to low funds. On top of that, husbands are considered the money makers of the family, while women are expected to stay home and tend to their house and children. But micro-loans change all of this, as it gives women the power to start their own businesses. In full, micro-loans are very influential, and can help with women that struggle, and assist them in making more money.
Many families in developing nations do not have sustainability in their lives. In her article, “Microfinance Empowering Female Entrepreneurs”, Elizabeth Matsangou writes, “starting and growing a business is virtually impossible without access to financial services.” Basically, Matsangou is saying that in order to start a business, you need help with the use of micro-loans. Further proving the point that micro-loans that empower women and women need these loans. Many women in developing countries start micro-enterprises to help raise money for their family. With this in mind, it is obvious to see what kind of positive impact micro-loans can have on women. Starting businesses are nearly impossible without the use of micro-loans, proving that they can help empower
Either the company is able to make those changes or it will not make it very far
10. Visit the website for a large bank or credit card company, and learn about a type of credit card being offered by the company. Describe at least four features of the card and where you got this information. (3-6 sentences. 2.0 points)
The purpose of this qualitative exploratory case study is to explore how women-owned businesses use the financial strategies to increase business in Florida. Establishing a relationship with these business owners is important as it relates to the profit and growth of the various concepts in the financial acquisition that involve participants (Bardwell, 2015). The general business problem is that women-owned businesses have a limited amount of financial strategies to sustain profitability.
I had the fortunate and lucky experience of discussing with a young entrepreneur out of Boulder for my midterm paper. Kyle Panis is a twenty-year-old media content creator and photographer. Originally I was going to meet with a young micro brew master for local brewery, but was unsuccessful in meeting with him due to scheduling conflicts. I was happy to learn about Kyle Panis, because he is very young but very experienced with his startups. Kyle originally grew in Denver, Colorado but now lives alone with his dog in South Boulder. At the young age of twenty, Kyle has began his photography business all by himself. He transformed from a famous Instagram account with well over one hundred thousand followers, to
Taking this entrepreneur course has been the best thing I could do for myself. Not only did it grow my mindset, but it taught me how to focus and concentrate on meeting my goals. At the beginning of this semester I could not let go the negative self-image I had of myself. Since I have been able to reflect on who I am I am slowly able to let go of that past image. I now know that I am more than able to reach my goals with the proper mindset and skills. I have come a long way since the beginning of this course. At the beginning of this course we were asked what is most important in life, and when I chose myself I knew after that reflections that I was off to a great start. Putting myself first these last few months has been the best thing I
Venture Capital is a specific term that refers to funding obtained from a venture capitalist. These are professional serial investors and may be individuals or part of a firm. Often venture capitalists have a niche based on business type and or size and or stage of growth. They are likely to see a lot of proposals in front of them (sometimes hundreds a month), be interested in a few, and invest in even fewer. Around 1-3% of all deals put to a venture capitalist get funded. So, with the numbers that low, you need to be clearly impressive.
This is what makes America so great that anyone can start up a business and becomes successful, however there are plenty of business that fail. One of the main issues that we face is being able to fund a start up company. “Small businesses contribute to local economies by bringing growth and innovation to the community in which the business is established”(Brown). Being able to allow business to have more access to money with out collateral is a must. “Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account”(Fottrell).
Have you ever had a miraculous idea? The kind of idea where your head keeps on spinning with intriguing questions, so many that your head might spin right off. Where to start and whose going to pay for it? Is the idea even possible to make? These are a couple of the question racing through your mind. The adrenaline is rushing through your blood steam. You want to tell everyone in the world, but in the real world there are people out their looking to steal those great ideas. Which in turn leads to secretiveness of the idea. In a sense it would be like spilling the beans on the Manhattan project.
A small business with no revenue, no track record and no sales screams high-risk. Luckily, there are other pockets to pick to help your small business get the financing it needs to grow and thrive .In these essay want to explain about other potential sources of financing for Jacqui LLC . And I explain about the advantages and disadvantages of using equity capital and debt capital to finance a small business's growth. And I give for Jacqui Rosshandler to investment offer from Arthur Shorin.