Female Business Owners and Financing
The number of female entrepreneurs is on the rise around the world. Women-owned businesses are a much-loved part of the American landscape, with a burst in female entrepreneurship and empowerment. However, money continues to be the biggest stumbling block for female-led start-ups. Yet, there are some ways women can attract financing to launch the business of their dreams. Here are a few ideas from your business consultant in Ventura County, CA. Show your value. Half the challenge is seeing things through the lens of the potential funders. Ask yourself about your background and what you have done that shows your credibility to succeed in this business. Be confident in your decisions and ensure that you know how to approach investors in a way that highlights your value. Consider crowdsourcing. Crowdfunding is an effective way to get a business of the ground. There are a few crowdfunding platforms designed specifically for women business owners, such as iFundWomen and Women You Should Fund. Take time to consider each platform to decide which is right for your needs. Spread the word. Got a burning idea or see an untapped market? Tell someone and bounce ideas around. Women face more scrutiny than men when presenting a business idea, so be sure to take advice from your close network that improves your idea. We support women in business with the resources and funding they need to get started. For more guidance on growing your own business, contact the Economic Development Collaborative. Conveniently located in Camarillo, California, we’re here to help.