By Victor Ochieng
More and more women are starting their own businesses. These initiatives are resulting in more jobs thus adding significant social value. Black women currently control 14% of these businesses, which is a great show of progress compared to the figures registered decades ago.
This month is regarded as National Women’s Small Business Month, and so we find it undeniably fitting to honor the women who defy all odds to start their own businesses.
This year’s “State of Women-Owned Businesses” report by American Express OPEN states that, on average, women are starting 1072 business every single day. Women-owned businesses have grown five times the national average since the recession, posting 45% growth.
ACCION International – This is an international non-profit that connects people to financial tools, enabling them to improve their lives. The organization also avails other services such as strategic leadership, research and development, as well as management.
ChallengeHER – This is a partnership that brings together different organizations, including Women Impacting Public Policy, American Express OPEN and the SBA. The initiative provides women entrepreneurs with opportunities to create links with government agencies and professionals. It also provides them with information and resources necessary to growth their business initiatives through federal funding.
50 Fastest Growing Women-Owned/Led Companies Guide to Growth – This is a guidebook that was recently released by the Women President’s Organization and American Express. It provides readers with tips and tricks by successful women entrepreneurs, illuminating some tried and working ideas.
Miller Lite Tap the Future – This is a competition in which people pitch their business ideas and the winning business plan and pitch gets a prize of $200,000. The platform also grants participants access to successful business people as well as seminars conducted within the six-month period of the competition.
Grow Her Business – This is an online resource platform recently launched by The National Women’s Business Council. It allows users to search a database of different resources, including accelerator programs, incubators, business opportunities and mentorship on how to secure federal grants.
Pipeline Angels – This is a national initiative that trains women to develop into angel entrepreneurs. It does this through education, mentoring programs and practice. In addition, the program allows women from all over the country to present their business ideas in its Pitch Summits, with the winner having a chance to secure capital for their business ideas.
Women’s Business Centers – This is a network of over 100 educational centers that work to help women in starting and building their small businesses. The WBC provides entrepreneurs with in depth training and counseling that cover a variety of topics.