The Lady Boss: Women In Entrepreneurship and Procurement
Women entrepreneurs are making their mark in entrepreneurship. According to facts from the National Women’s Business Council, women-owned firms are growing and are continuing to help in employing people. Women are also becoming active in the entrepreneurship world and they contribute their different style compared to men entrepreneurs.
Some women entrepreneurs are confident to thrive in a male-dominated industry while other women entrepreneurs cater to other women and their concerns, needs and wants. In both aspects, women play the game and they have the chance to be successful. Women are slowly taking the path of entrepreneurship and most often make the transit from employer or housewife to a full-fledged entrepreneur in their own right. And such opportunities are not denied to them.
The SBA and the WOSB
The woman entrepreneur can have a lot of help in creating and building her business. The foremost help can be from the Small Business Administration (SBA). The agency created a program, the Woman Owned Small Business or WOSB, to help women entrepreneurs in terms of procurement and purchasing.
The government, with the WOSB program, helps women and their businesses by setting aside and giving them federal contracts. Businesses that qualify are characterized as business owned and run by female entrepreneurs. The program also has its own certification called Woman Owned Small Business (WOSB) program certification. The certification of the business is made by a third-party and SBA-approved and certifier. Currently, there are three companies who are certified for the WOSB certification program: the National Business Women Business Owners Corporation (NWBOC), El Paso Hispanic Chamber of Commerce, US Women’s Chamber of Commerce and Women’s Business Enterprise National Council or WBENC. The list is constantly updated at the SBA website and copies can be found at local SBA Area Office for Government Contracting or SBA district office.
In addition, the SBA can provide a lot of business loans for women who wish to start or refinance their businesses. It also provides grants for women owned businesses. The SBA provides a specific office called Office of Women’s Business Ownership that caters to all women-owned business concerns. The office, as an arm of the SBA, provides procurement training for women, facilitate training with the SBA’s resource partners, matchmaking events and the Business Development Program. ...