Skip to main content
  1. News
  2. Business & Finance
  3. Industry

Managing your startup Women's business

See also

Women owned small businesses are doing well and in some cases, out performing men owned small businesses. Managing the business appropriately in each phase of it's life cycle will be key to longevity and sustainability.

The number of small businesses owned by women is growing faster than the total number of small businesses, according to a small business monitoring report from American Express. Women owned businesses increased nearly 60 percent since 1997. And by 2018, one-third of new U.S. jobs will be generated by female owned companies, compared with 16% now, based on projections by The Guardian Life Small Business Research Institute.

Here are tips for managing your startup Women's business, from

  1. Crunch the numbers-Women with high-growth companies really ran the business by the numbers, understood cash flow, and had a handle on balance sheets. They focused on using financial reporting to grow their business.
  2. Form an advisory group-Advisory groups can inform on finances, but also offer strategies on marketing the business and managing vendors.
  3. Remember, this is business-Talk to your staff, and make the decision that’s good for them but best for business.
  4. Make use of contract workers-Utilize contract workers. Many talented people have been displaced and are looking for work.
  5. Embrace new technologies-Business owners should take advantage of new tools to manage their business and leverage social media to grow their consumer base.

(Enjoy this article? Receive email alerts when new articles are available. Just click on the 'subscribe' button above.)



  • Baseball Hall of Fame
    The Baseball Hall of Fame in Cooperstown welcomes six new inductees
  • 2012 do-over
    If we were to re-do the 2012 election, a new poll suggests Romney would win
  • Boko Haram
    Boko Haram kidnaps the wife of the vice prime minister of Cameroon
    World News
  • Ceasefire breaks
    Israel's Benjamin Netanyahu claims Hamas broke another brief ceasefire
  • Close call with CME
    Scientists tell how Earth survived a giant solar flare back in 2012
  • Comic-Con
    What's going on at Comic-Con? Get all the latest updates here