If you’ve been contemplating launching your woman-owned small business startup, now may be the time. According to a report by Bi2Credit, woman-owned small business startups are going faster than ever. Here are a few facts that may motivate you to start your woman-owned small business startup now–
- Annual revenues of women-owned businesses grew from $127,222 in 2014 to $142,804 in 2015.
- Annual earnings of women-owned businesses grew from $67,950 in 2015 to $72,529 in 2015.
- Average credit scores of women business owners were 600 in 2015. Having a minimum credit score puts women business owners in a position to qualify for capital to grow their business.
Startup Capital Will Give You the Push You Need
Lack of access to capital is one of the biggest barriers women face when launching a small business startup. It’s something I discuss in great detail in my free ebook, “A Woman Entrepreneur’s Perspective: Why You Should Consider Raising Capital for Your Woman-Owned Business & How to do it the Simple Way.” I also explain how women can overcome this barrier in the ebook. The ebook will give you great insight on what you need to do to acquire capital for your small business startup. In addition to reading the ebook, it would also be wise to reach out to an expert for help.
LenCred’s Team of Experts Can Help You Get Funding
LenCred has a history of helping small business startup owners obtain the capital needed to get their businesses off of the ground. If you’re struggling to launch your woman-owned small business startup due to lack of access to capital, LenCred may be able to assist you. Contact the LenCred team of experts today for more information.