Businessing Magazine Logo Businessing Magazine Logo

How Women Can Grow Their Small Businesses

How Women Can Grow Their Small Businesses

Savvy female business leaders understand what it takes to grow their organization and be successful– it takes more than hard work to take your business to the next level. You also need to understand the market and have the capital on hand to grow your company. Here are five ways that women can grow their small businesses and achieve all of their career dreams.

Be Confident

One of the biggest challenges for women in the business place is that they sometimes lack the confidence it takes to achieve their business goals. In order to position yourself as a leader, you need to believe in yourself and all of your goals. You do not have to be perfect; you just have to be confident and project this attitude to others around you. This confidence will pay off big dividends as you look for funding and the other types of assistance needed to grow your dreams.

Devise a Clear Vision and Plan

Once you feel confident about your talents and knowledge, it is time to put this on paper with a clear vision and business plan. This plan will serve as a road map guiding you on your way on your business journey. Within this plan, you need to have a guiding framework detailing your target market and your marketing plan. If you are unsure about developing a realistic business plan, you can consider hiring a consultant to help you to hash out the details. A trained professional will be able to identify potential weaknesses so that you can overcome any roadblocks and prevail in your goals.

Network, Network, Network

The importance of networking cannot be overstated. This is particularly crucial if you work in a male-dominated industry that relies heavily on a traditional network of men. By reaching out to other women in your business sector, you will make valuable business connections that will benefit you in all facets of your business. Networking will also help you to find role models to serve as mentors as you navigate the world of being a small business owner. There are a number of professional organizations and community groups that are ripe with opportunities to connect with other like-minded women in the same position as you.

Expand with More Capital

While you want to be financially conservative when first launching your business, it is also important that you invest the money needed to continue to grow your numbers. If you do not have the capital on hand to achieve all of your goals, you can consider looking into funding for small businesses. There are a variety of dedicated funding options for smaller organizations that need more help to continue their desired growth trajectory. Once you have a solid business plan in place, you will be a more attractive candidate for this type of funding.

Empower Other Women

Your greatest allies in the business world are other women, so you will be more successful in your business objectives if you are intentional about empowering other women. This means being mindful about hiring women and putting them in positions of power. You should also invest in training and education for your entire staff so that everyone feels empowered to contribute, regardless of their gender. Once you reach the top of your game, it is important to remember to pay it forward by empowering those that are where you once were on your career path.

With the right planning and execution, you will achieve all of your objectives as a female small business owner. Do not let your gender hold you back from reaching all of your goals for your organization and your personal career.

short url:

by Rayanne Morriss // Rayanne Morriss is currently working towards her BA from Oregon State University. She loves to write, read, travel, and paint. She enjoys finding new coffee shops with friends and expanding her cooking skills with her husband.

Opinions expressed by contributors are their own.