Small businesses owned by women of color are growing the fastest, yet only 16% of conventional small-business loans go to women entrepreneurs. So JPMorgan Chase & Co. is committing $75 million over the next three years to support women-, minority- and veteran-owned small businesses.
talk small, hear small, eat, sleep and breathe small. Because when you’re trying to connect with a small business, you must understand everything about those who run them.
Anoosheh Oskouian left her Iranian home in 1978 at the ripe age of 14. Seeking opportunity and a quality education, she headed for the U.S., where she would soon become the only high school student among her friends with an autonomous lifestyle and an apartment to call her own. Unwillfully stranded in the U.S. by the Iranian Revolution, she set forth to forge a new path out of a rock and a hard place. In 2000, Oskouian started Ship & Shore Environmental, an engineering firm with the goal of helping businesses curb their air pollution. Now a multimillion-dollar operation employing over 100 people internationally, Oskouian’s business and overall career is a testament that turns popular vernacular about the liability of refugees on its head, proving that out of hardship rises ability: to prevail, to contribute and to grow.
The recent Braun Research/Bank of America Report on Small Business indicated that 15% of all new business startup owners are career changers, simply defined as people who want to do something different. A subset of this group are “passion-preneurs”, a word coined in the mid-1970s to describe the small business owners who pursue a commercial endeavor for the love of it. Usually the term applies to someone who strikes out on one’s own, leaving behind them a passionless job. “They’re increasingly turning their backs on the corporate grind to launch businesses that made their hearts sing”, according to the Daily Telegraph.
The federal government has finally awarded 5% of federal government contracts to women-owned small businesses in fiscal year 2015, after more than 20 years of falling below the mark.
Girls Scouts of U.S.A. has teamed up with Dell, using its donated platform to strengthen the role of technology in children’s lives.
According to a 2012 Bank of America survey, 16 percent of small business owners inherited their business from a family member. 30 percent were motivated by the desire to be independent. 15 percent simply wanted to try something new.
In honor of National Women’s Small Business Month, we’re giving a shout out to our very own Veronica Ambuehl who owns Vine Floral Design. V puts her unique designer touch for people and events of all kinds. And for the lucky ones at RT, daily inside the walls of RT. Check out her Facebook page and inhale the beauty.
A mother has gone from being an audit specialist to running a biotech company in an effort to help her daughter.
Karen Aiach, founder and CEO of Lysogene, on her journey: “The biggest challenge for me at the beginning was that I was not a scientist or a clinician or gene therapist. I was a mother taking responsibility to build a program and manage it.”
According the Etsy’s second annual consumer report, 86% of their sellers are female. And if you don’t think a shop on their site is a small business, think again.