One development of economies expanding world over is that it has created a larger enough space for women entrepreneurs’ participation in various businesses. Now they contribute significantly towards strengthening of economies. This in turn has compelled financial institutions to take women seriously when they ask for a loan and women are taken as big potential for generating loan business. Woman business loans are gaining popularity amongst business women now for easy accessibility of the loan and lower interest rate. Women entrepreneurs are making use of woman business loans in numerous purposes like starting a new business project, paying back to creditors, buying a business and so on.
Both small and larger scale business women entrepreneurs are equally eligible for taking woman business loans. Many financial institutions including small banks have mushroomed up in the business of giving the loan. Popularity and demand of woman business loan can be judged from the fact that, in America, they have formed Small Business Administration especially to advise and encourage banks in offering the loan to women. Also, there are number of women’s business organizations helping the cause of business women.
So, it is now easier for women to avail loans. But before applying for woman business loans, women should first take one necessary step towards the loan. Those who want to start a business; they should first own a credit card under the name of the business. The credit card will bring women into the process of credit rating which is very crucial in availing woman business loans.
Women can take woman business loans in secured and unsecured forms like any other loans, To take secured woman business loans, women have to place any of their property like home, car as collateral with the loan providers. Collateral will help women in many ways. It is on the basis of collateral that they can get even a larger loan. One advantage of secured business loan for women is that it has lower interest rate attached to it.
In case women do not want to take the loan against their property, still woman business loan is accessible to them. All they required to do is provide some evidence of their regular income source and financial standing. Though the unsecured loan usually is offered at higher interest rate, the rate still can be brought down once women compare different interest rates of lenders.
Business women also should be aware of the importance of credit rating. Under the FICCO scale credit score ranges from 300 to 850, and 720 and above is labeled as risk free while below 580 is bad credit for loan. Business women should make efforts to maintain good credit record to avail the loan at better terms..
For the best woman business loan deal, applying online, women will get many loan offers to chose from.
Woman business loans are immensely helpful in establishing business. The loan goes a long way in strengthening women’s position in the business world if taken with care.
Take Hassle Free Finance Through Woman Business Loans
Young Business Men & Woman
The most dynamic business people are those who are starting their own business for the first time. They have innovative and daring ideas and believe that the world is a safe place for young entrepreneurs!
They have dreams of the world waiting with baited breath for their latest million dollar idea. They believe that their journey will be short, sweet and simple. They laugh at older people that are still struggling to get by.
They are full of optimism and hope to realize their ambitions in record time not realising that their lack of serious business knowledge and their high sex drive is waiting for them like a trap that a hunter has set!
As they get older, most become cautious and their respect for people that are already successful grows… as they start to realize the sheer effort and true grit that is involved in making a new business fly.
Most serious (or should it be serial?) entrepreneurs generally start making a serious income in their late thirties and early forties. Prior to this they have been at "school" trying to figure out what works and getting shrewder, sharper and wiser by the minute.
Finally, if they have not become cynical, they learn to be humble and knuckle down to some hard work. If they have persevered and not let their business goals die in this shark infested world of business, they are now ready to make inroads into their desires and goals.
The best advice I can give to anybody starting up for the first time is to find one or more successful business mentors that you can trust completely. Make sure that if you ask for their advice then you follow it!
A normal man learns from his experiences, a bright man learns from other people's experiences and a clever man will seek the relevant advice from properly qualified people and take a short cut!
The Businessman (Women Please Change To Business Woman)
The businessman performs a vital role in the community. This sounds like an obvious statement but they are often taken for granted by the people that work for them and the entire support structure, but without them there would be no need for any of the above.
Take for example a person who sets up a restaurant in a local community. Initially, it is necessary to gather capital together – people want to dine in a nice atmosphere thus it is necessary to spend heavily on this. What does this involve?
It may be necessary to convert a previously unused building so immediately the full range of trades is required through joinery, plastering, perhaps plumbing, tile fitters, painters, decorators' etc. Additionally, a huge range of materials will need to be purchased from tiling, carpets, wallpaper, kitchen materials and cooking facilities etc.
So immediately the benefits to the local community are evident and suppliers of these trades and services benefit.
Going further back, when the idea was being formed, the chances are that an architect would be used to help form the final design and possibly a quantity surveyor to analyze the anticipated costs of the project, perhaps interior designers to help with the proposed theme. Additionally, an accountant’s services will probably be employed to prepare a business plan and cash flow projections.
Continuing down the line, once the restaurant is open it will require staff, again a benefit to the local community, and will require constant maintenance, taking us right back to square one.
Now, as we all know, each business has different requirements, but this gives a general idea of the necessity of entrepreneurs in the local community.
The businessman is proactive, takes financial and reputation risks, and, like other trades or professions, provides a valuable and necessary service.
In many communities, businessmen who do well are often scorned and questions abound throughout the community as to the morality of the individuals required, without taking stock of the above however this is perhaps a natural human emotional response.
It may be levied at the businessman that his goal is to maximize profit, but then of course he is or he wouldn’t have ploughed capital and taken the risks in the first place; indeed, is that not the goal of any profession or trade also? It would be absurd to imagine someone getting out of bed in the morning if the goal were not to maximize profit?
Of course there are unscrupulous businessmen and unfair employers, but are there are there not also unscrupulous tradesmen, professionals, or indeed politicians and heads of multi national corporations?
The average community, if there is such a thing, would greatly struggle without the businessmen; indeed, the argument could be put forth that the community as we all know it, would perhaps cease to exist – someone can only get employment if someone else takes the risk to set up a firm.
Every trade or profession is dependent on the businessman to a degree, they may even be businessmen themselves by definition and the community ticks round as we know it due to the businessmen taking risks, employing local advice and inputting capital to whatever venture is involved.
Business Woman
It's getting easier for a woman to get ahead in the world of business, but it's still tough in some quarters. A business woman is apt to feel sometimes that she has to be, not only as good as, but also better than her male counterparts. Most men seem comfortable with the idea of a business woman now. Not all men like having a female boss, however.
There will always be Neanderthals who think that giving women the vote was a blow for civilization. Some men like the idea of men only office environments, like some exclusive men's club. This is more of a generation thing, and younger men are generally more accepting of a business woman.
The juggling of home and career is a precarious affair for both men and women. It's still usually down to women to run the home and organize child care. A business woman is expected to do the same hours and take on the same responsibilities as the men. This can make combining work and children very demanding.
The worse thing a working woman can do is to try to take on the mantle of a man. A business woman can operate in the board room without losing any femininity; in fact femininity can be a bonus in some situations. The world of business is a hard, competitive place but it's not always playing hard ball that gets results.
There are many women in high flying positions now, in business and other professions. Some industries are still hard to get into, such as engineering and the technological sectors. People seem to still associate women with caring jobs such as nursing and social work. A business woman may also encounter the glass ceiling. This concept is only too real and women have found they can rise so far in an organization but no further. Jobs for the boys still operates in some quarters. Change is happening but it's always slow.
Young women need role models, women to aspire to as they start out on their chosen career. A business woman like Anita Roddick, who started the Body Shop chain, is bound to be an inspiration. Other successful women in the world of politics, show business and sport can inspire too.
Women will continue to be an important part of business and their role can only grow over the years. It's a very different world from the 1950s when women were expected to give up work when they married. It's been a long march from the typing pool.
3 Tips For Every Woman Starting A Home Based Business - Challenges To Expect, Keys To Succeed
More and more women today work from home, and even more want to. Some are single moms or widows who need to earn a living. Others just want a little extra income or a sense of independence. Particularly for women, starting a home business presents a unique set of challenges. Lesley Spencer, founder and president of Home Based Working Moms (http://HBWM.com), suggests three steps to help ensure success:
1. Consider Your Options
The first obstacle in starting a business is figuring out which one’s right for you. Before making any decisions, find out what’s available to you. Almost anything you can do—whether it’s graphic design, sales and marketing, or administration—you can do from the comfort of your home. Before determining a direction, look at all factors involved:
• Your skills and interests. You’re much more likely to persevere and succeed if you enjoy what you’re doing.
• Your personality. If you’re extremely shy, hosting home parties might not be right for you — even if you really like the product you’re selling. Many women fail because they jump into the first thing they see, and it doesn’t work with their disposition.
• Your needs. How many and what hours can you work? How much money do you have to make? How much flexibility do you need in your schedule?
Once you’ve researched your opportunities and analyzed your skill set, you can make an informed, intelligent decision about which career move is right for you.
2. Make a Conscious Effort to Develop Your Customer Base
Many women are good at what they do, but don’t know how to market themselves to reach customers. Spencer advises, “Make a conscious decision to do something to market your business daily, or at least weekly, whether it’s a mail-out, an email campaign, or offering a special.”
Word-of-mouth referrals mean more business, so focus on doing a good job for the clients you have. Always do follow-up — you want to stay in contact and remind people you’re there. Having a web site, an online presence, is another tool you can use to attract new customers.
3. Don’t Be a Lone Ranger — Find a Support Network
You don’t have to feel alone or try to handle everything yourself — there are many online communities that can provide you with support and advice. Http://HBWM.com, and many online groups, offer what’s called a ListServe that lets you post questions that all members of that site can see and respond to. Says Spencer, “You can save hours of research just by asking someone with experience.” Whatever business you’re in, there’s a forum for it. Seek out people that have already succeeded — find a mentor.
Business And Life Success Secrets Of A Remarkable Woman
I have wanted to write this article for some time. It is about what some have called a remarkable woman. As a matter of fact, she was recently featured in a book by the same name, “Remarkable Woman” by Insight Publishing.
The businesswoman’s name is Dr. Devona Williams. She is the Founder and President/ Chief Executive Officer of a 16-year-old Performance Consulting Company Goeins-Williams Associates, Inc. Dr. Williams is an accomplished inspirational speaker, trainer and consultant with nearly 30 years experience in the fields of public policy, planning and public relations with the corporate, government and non-profit sectors.
Highlights of her public career include her appointment as a Presidential Management Intern in the Reagan Administration and Legislative Fellow in the Delaware House of Representatives. With an eye to business as a young child, she found her way clear to start her own very successful full time consulting and training business in 1993, Goeins-Williams Associates, Inc.
Besides being a successful businesswoman, she is a wife, mother and recently became a grandmother. Incredibly accomplished, she has a story of overcoming tremendous obstacles and challenges in both her personal and business life. Her story of overcoming those challenges can provide business and life skills for us all.
I met her over 30 years ago when she was just a smart, pretty young teenager attending a prestigious high school in Philadelphia. I was attending Central High School of Philadelphia and she, Philadelphia High Schools for Girls.
More than 30 years after that fateful meeting, after not having seen or talk with her for almost 30 years, I read Dr. William’s remarkable story of how she was raised, the incredible challenges she has faced in her equally remarkable life, learned of her business success, and was inspired by her ability to persevere, overcome and experience genuine success.
The Remarkable Women book talks about her professional accomplishments, but also the obstacles and personal challenges she has endured, including sexual assault as a young college freshman, breaking the glass ceiling at a Fortune 500 company, starting her Consulting business in a State that historically was challenged when it came to women owned businesses, a devastating injury, and an unfaithful husband and a resulting divorce.
While reading her story, I could not help thinking that the obstacles and challenges Dr. Devona faced could have ended most careers and certainly a business.
In Chapter 22 of the book where Dr. Williams’ story is featured, she tells for the first time publicly, in detail, of these obstacles and challenges that she overcame, spawning for her a unique strength, philosophy and approach to life that forged the foundation for her successful 30-year career. Her unique philosophy, strength and faith have allowed her to preserver, grow and prosper even during these challenging circumstances.
The book discusses the key beliefs and principles that allowed her to continue and experience success while going through these challenges. To put it mildly, Dr. Williams’ story is both startling and inspirational.
In the book she shares some of her core beliefs that she has applied in her life and her business. Here are a few:
· Success is planned. It is not an accident.
· You must have multiple plans. Success people plan and have multiple plans.
· You can do the right thing, prepare yourself and then sometimes things just don’t go as plan. That’s ok. All things work together for good if you believe.
· You must have an overall vision for your own personal success. What will it look like when you get there?
· You must have multiple approaches to your goals and dreams, most of them written down or at least in a framework. The yellow brick road was not the only way to Oz!
· When unexpected things happen, contemplate the impact, readjust if necessary then quickly continue to move forward.
Dr. Williams continues in her book, “ Obstacles that come along should be viewed as temporary challenges or setbacks. Find a way to get around them. Learn from them. Use painful or a key learning’s to continue to fulfill your purpose. Your vision of success. Whatever that looks like for you.”
She describes the circumstances of a violent assault at the innocent age of 18. Dr. Devona says,“ The cab driver violently attacked me, and during our struggle he yelled racial and sexual obscenities, letting me know that he intended to rape me. He punched me in my eye and nearly knocked me unconscious. At this point, I called out to God to intervene. He helped me to escape. I felt like it was the end of my life. ”
She describes how that for her, was an end of a period of innocence, and at that early age in 1973, there was not a lot of opportunity for her to get the help she needed after such an incident. She was ashamed to tell her parents. Embarrassed as if she was responsible for the attack. Never got therapy. Never told anyone until recently. But through sheer will power and the need to complete her education, pay for it, and just plain survive the humiliation of the event…she just kept going.
As a business owner particularly as a start up home-based business, you are going to have many challenges. Some will seem like they just simply cannot be overcome. You will frequently take two steps forward and one step back prior to your business becoming what you and I would call “successful.” There will be times when your expense far out weigh your revenues. You will want to quit, give up, go and get a real job!
During those periods, take some advice from Dr. Williams. She says,” Obstacles that come along the way should be viewed as challenges that are temporary, that can be overcome.”
Dr. Devona believes everyone can be remarkable in both his or her business and personal life as well. It is possible to have it all…if you just refuse to give in.
She says, “ If you continue and never quit, then you too can be a Remarkable Success in your company, home, business and most importantly, in your life.”
Get the book and read her complete story. Have a handkerchief in your hand and then become that remarkable person that is you.
Warm regards,
Kenny Anderson