Last Wednesday, I sat in on a webinar called “A Rising Tide – Financing Strategies for Women Owned Firms” led by Dr. Susan Coleman, Professor of Finance at University of Hartford. The event was hosted by two organizations that are working hard to even the financial playing field for women business owners: Women Impacting Public Policy (WIPP) and Women Accessing Capital. As a woman in the small business financing industry, I was drawn to this topic. While I knew of a couple government sponsored programs, I didn’t know much about private financing options specifically targeted for women business owners. I did a little research before the session and when I learned that only 11% of companies that received venture backing in 2009 had a female CEO or founder, I was eager to find out why.
In today’s competitive marketplace, small businesses have to do what it takes it to survive. Online payments are becoming the way in which customers want to pay, which means businesses have to make this available. In fact, not only does this meet customers’ requests but it also helps small businesses get paid faster. When customers of Intuit’s payment platform offered an electronic channel for their invoiced customers to pay, they typically received payment within in 10 days of sending the invoice. Other methods, on average, take 27 days. At times, small businesses can shy away from online payments as the fees associated with these payments can stack up. But all small businesses need is a little bit of research to know the great options out there that enable them to economically accept online payments. Here’s a list of our favorites:
We will be streaming live coverage and reactions from the January 23 webinar "Women Accessing Capital 129: A Rising Tide: Financing Strategies for Women-Owned Firms" hosted by Women Accessing Capital and Women Impacting Public Policy (WIPP). The 3pm ET discussion will be led by Dr. Susan Coleman, Professor of Finance at University of Hartford. She will explore the state of women's entrepreneurship in the U.S. today as well as the strategies that women entrepreneurs use to finance their firms.
Looking to get your finances in shape for the New Year? We support this resolution and are ready to provide you with a “handy” list of tools that can increase your financial power all in the palm of your…hand. Make sure to download 1 of these 5 small business apps soon.
You’re at the point where you can officially label your small business as a “success” but you can’t seem to take it to the next level. Just because your marketing strategy is top notch doesn’t mean the customers will continue to pour in. Gaining, and keeping customers through quality customer support is key when it comes to growth.