Business Tips for Women in Small Business from the Women’s Business Development Center

Happy Women in Small Business Month!  Today’s post is split into two parts – one for women looking to start their business soon and one for those already in business.  Look through both sets of questions and refer back to them as you continue to build your business muscle!

Women Starting A Small Business

It may come as no surprise to you, but being a small business owner can be a difficult and demanding enterprise.  Here at the Women’s Business Development Center (WBDC) we see many clients when they’re first starting and weighing out the feasibility of their idea. So how do you know if it’s a viable concept?  Does it have lasting power?  Below are 10 questions from www.SBA.gov to help you assess if you’re ready to start a business:

  1. Why am I starting a business?
  2. What kind of business do I want?
  3. Who is my ideal customer?
  4. What products or services will my business provide?
  5. Am I prepared to spend the time and money needed to get my business started?
  6. What differentiates my business idea and the products or services I will provide from others in the market?
  7. Where will my business be located?
  8. How many employees will I need?
  9. What types of suppliers do I need?
  10. How much money do I need to get started?

To read 10 additional questions from the SBA, please click here.  If you need help answering these questions, look no further than you local business center – find yours by searching here.

Women Already in Small Business

Have you been in business for a few years?  Do you feel like you’re an old pro at marketing your product or service?  Well maybe it’s time to take a new approach to your small business and try something new.  Here are 10 questions to ask yourself about your business and personal life.

When was the last time I…

  1. Attended a networking event?
  2. Attended a workshop?
  3. Updated my business plan?
  4. Hosted a customer appreciation event?
  5. Updated my LinkedIn profile?
  6. Updated my website?
  7. Used my own product/service?
  8. Explored new markets?
  9. Went on vacation?
  10. Hired someone new?

If you answer “I can’t remember” to any of these – it’s time to do it!  Go out, meet new contacts, learn new tricks of the trade, say thank you to your loyal clients and so on!  Don’t let your business stagnate! 

We want to know: What do you do on a regular basis to keep your business current?

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Filed under Advocacy, Business, Business Leaders, Business Start-up, Entrepreneur, Established Business, Small Business, Special Events, Uncategorized, WBDC, Women Business Owner, Women in Business

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