Small Business Finance Advice Blog

Friday, December 16, 2005

Women busines owners need to be extra savy when it comes to financing

Did you know that only 3% of women-owned enterprises manage to top $1 million in annual revenue? I didn't. That's a staggering number, but luckily thanks to some savy business skills and clever financing that statistic will gradually change for the better.

Here's a perfect example. Denise Houseberg, owner of Market Expo, Inc, recently went over the $1 million mark thanks to some financing from OPEN (small business unit of American Express) and some advice from Austin marketing consultant Gay Gaddis.

Why do I bring this up? Because Houseberg is the first winner of the "Make Mine a $Million" program to reach that $1 million dollar goal. The program is the brain child of a nonprofit group called "Count Me In for Women's Economic Independence" (http://www.countmein.org/). It aims to improve on that 3% statistic through advice and financing options.

So if you're a female business owner hurry up and check out the site. If you're not, you still check out the site just to see what's going on out there.

Check back often for more small business finance advice...

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