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Top 5 Reasons To Do Business With a Woman-Owned Company In the Federal Market

Author: TeamingPro Staff

Women have historically faced a multitude of obstacles while trying to acquire equal rights. That struggle continues today as women entrepreneurs continue to suffer inequality and injustice in the business field.

Fortunately, maybe people and services are offering their support in an attempt to find a balance that provides equal opportunities to everyone. You can be a part of this by offering your support to women-owned businesses to be a part of making that difference.

There are many benefits that you can enjoy by taking that step to help WOSB. While by no means all of those advantages, here are some of the top you can experience in no particular order.

Reason 1: Diversity Support

Going out of your way to do business with the small business association (SBA) WOSB shows that you support diversity and minorities in the marketplace. You can join many individuals and organizations that are doing everything they can to level the playing field and help combat the disadvantages that women-owned businesses face.

This support shows that you respect the intelligence, strength, and business acumen of women to be capable of running a business successfully. Women have already demonstrated their marketing prowess and innovativeness in the field and with encouragement, there’s no limit to what can be accomplished.

Reason 2: Leveling the Playing Field

Advancements in women’s entrepreneurship have come a long way, but there is still much work to be done. There was a time when women couldn’t get a loan for a business without the assistance of a male relative to co-sign on their behalf.

The amount of SBA female-owned businesses have also increased significantly, from less than one-fifth of all businesses to two-fifths, within shooting distance of the halfway mark with enough support and brave female leadership.

You can gain the benefit of that warm, fuzzy feeling you get when you know that you have made a difference in the world and in people’s lives by stepping forward and leading in that effort or at the very least, providing support from the sidelines.

SBA women-owned businesses, while becoming more prominent in the marketplace, still generally underperform compared to companies run by men. If you have a company of your own, you can help change these statistics by contracting with WOSB.

The benefits of engaging with women entrepreneurs are significant, as they are more than willing to prove their talents by producing quality results and innovations. They just are waiting for the opportunity, and the more opportunities they receive, the more they can hold their own and show the world what women can do.

Reason 3: Tax Breaks

There are actually government incentives for contracting with women-owned small businesses, as well as veterans, minorities, and others who face difficulties receiving a fair shot in the business.

Furthermore, you receive a reduction in liabilities when working with WOSB suppliers on projects and services, so you can receive tangible benefits to go along with all the positivity from changing the world to make it a better place.

Furthermore, collaborating with women-owned businesses typically produces a great return in investment, sometimes as much as approximately 125%. Regardless of the percentage value, you get back, you definitely receive dividends in investment in the form of gratitude and appreciation for your efforts to strengthen marketplace equality.

Reason 4: Improve Investing

Women suffer from a lack of investment in their companies and products, which makes it difficult for them to compete. Even if you don’t own a company, you can still make investments in a business, which can provide them the economical support they need to not only succeed but to flourish.

There are many resources out there that can provide you with information as to what businesses are owned by women. There are actually lists you can find of different companies that are certified with the Women’s Business Enterprise National Council (WBENC).

SBA WOSB certification serves as official verification that the business is legitimately woman-owned and operated, and there are many resources available that provide additional information on the requirements for that certification and additional benefits to doing business with those particular organizations.

If the business is available on the stock exchange or in the start-up stock exchange, providing investment support there can provide significant returns as the business continues to grow and develop. When small-cap businesses take off, it can provide exponential returns on your initial investment!

Reason 5: Indirect Support

There are other ways to get to those companies with SBA women-owned business certification that do not even involve doing anything with them directly.

Many charities and nonprofits are out there trying their best to provide support to these women, and if you don’t have a specific company in mind you wish to help, but you want to make a difference, you can provide a donation to one of those charities.

They will take care of ensuring that your money goes to good use helping out female entrepreneurs and providing much-needed assistance.

There are even ways that you can provide support and services to SBA women-owned certification companies without spending any money at all!

Sometimes simply sending a supportive letter to one of these businesses is enough to offer encouragement and strength in the face of difficult times. Knowing that there are people out there who are rooting for them and serving as cheerleaders can provide improved morale when times are tough, helping these women to endure and persevere.

Other methods include using your social media to help generate business for the companies. It can not only generate business for these companies, but it can increase awareness of the situation in general and find more supporters and investors to take up the cause and lend a helping hand.

As a free advertiser, you’re not only helping those companies, but you’re putting yourself out there to show your support and the world will know that you value the empowerment of women and desire equality.

Good luck out there!
- Your friends at TeamingPro.