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The Texas Business Alliance has a mission to equip minority- and women-owned businesses to be qualified suppliers, ready to compete for public, private and international opportunities through progressive development and specialized training.
TBA is committed to help start-up businesses prosper and well-established firms to prepare for continued growth. We do this through our training programs:
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Business Enterprise Academy™
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The ‘Prime’ Objective™
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One Woman™ National Business Conference
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Specialized Training Courses
Key Facts About Women-Owned Businesses
The Overall Picture
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10.1 million firms are owned by women (50% or more), employing more than 13 million people, and generating $1.9 trillion in sales as of 2008.
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Three quarters of all women-owned businesses are majority owned by women (51% or more), for a total of 7.2 million firms, employing 7.3 million people, and generating $1.1 trillion in sales.
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Women-owned firms (50% or more) account for 40% of all privately held firms.
Businesses Owned by Women of Color
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1.9 million firms are majority-owned (51% or more) by women of color in the U.S.
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These firms employ 1.2 million people and generate $165 billion in revenues annually.
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Between 2002 and 2008, these firms grew faster than all privately held firms.
Technology and Business Growth
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Women business owners' top concerns about technology are the protection and security of data.
• Security of internet purchase: 82%
• Computer viruses: 81%
• Protecting business data: 77%
• General system failure: 73%
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Women business owners are as likely as men business owners to be willing toadopt new technology and more likely (24% vs. 18%) than women in general.
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Women business owners value technology as a means to create workplace flexibility:
• 61% use technology to integrate the responsibilities of work and home.
• 44% use technology to enable employees to work offsite or to have flexible work schedules.
Million Dollar Businesses
Exit Strategies of Women Business Owners
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Women and men business owners are equally concerned about price when selling their business.
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Women owners who plan to sell are more concerned than their men counterparts about:
• the buyer's identity, personality, and background (72% vs. 39%)
• the buyer's plans for the business (79% vs. 52% )
• plans for current employees (86% vs. 61%)
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Women business owners are nearly twice as likely as men business owners to intend to pass the business on to a daughter or daughters (37% vs. 19%).
Banking and Finance
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Women and men business owners are equally concerned about price when selling their business.
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More than two-thirds (67%) of women business owners choose financial products and services based on their relationship and experience with a lender.
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Women business owners who obtained capital persevered, making an average of four attempts to obtain bank loans or lines of credit and 22 attempts to obtain equity capital.
Characteristics of Women Business Owners
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Women business owners are prepared to face risk: most (66%) are willing to take above average or substantial risks for business investments.
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Women and men business owners have different management styles. Women emphasize relationship building as well as fact gathering and are more likely to consult with experts, employees, and fellow business owners.
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Women owners of firms with $1 million or more in revenue are more likely to belong to formal business organizations, associations or networks than other women business owners (81% vs. 61%).
Getting Started
TBA suggests business owners with operations of three years old or less enroll in our Business Enterprise Academy™.
BEA curriculum topics include: infrastructure management, safety, effective marketing/advertising, financial management, information technology, legal solutions, insurance, investments/retirement, human resources/personnel management, accessing capital, joint venture partnerships, project management, real estate leasing/ownership, networking, certification, mentoring by industry professionals, RFP/RFQ training and presentation skills.
Please contact us to enroll.
However, for starters, TBA suggests these steps:
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It’s all in a name. Give time to naming your business. Think of a name that will capture the market’s attention and be unique without being too odd and distracting.
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Register your business name and select a business structure. DBA is an abbreviation for “doing business as.” With a DBA you can legally open a bank account and conduct other transactions using your business name. This is a critical first step toward building name recognition for your business. This can be accomplished speedily and inexpensively at your local county courthouse. You then will wish to seek the guidance of a lawyer or use an online source to incorporate your business.
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Develop your business plan. A business plan is needed to access capital to fund your business. It also helps you to appropriately plan for success. Business plan templates can be found at www.sba.gov and www.score.org.
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Create a brand. Spend a little money to create a professional logo, stationery and Web site to present a professional image.
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Market. Create buzz about your business through social networks, joining business organizations, media/public relations, testimonials, writing letters or other forms of marketing and advertising that fit your budget.
August 6-7, 2010 ▪ Omni Houston Hotel
A signature business development program of the Texas Business Alliance (TBA), One Woman™ is a unique conference experience that takes an inside-out, total person and business approach. It is a gathering of women from all walks of life, backgrounds and perspectives. “Changing the Face of Business One Woman at a Time” – the One Woman™ inaugural theme – is meant to highlight the power in a united women’s network and shared determination to succeed in business. Texas Business Alliance, headed by Founder and CEO Jeffrey Boney, is working to equip minority- and women-owned businesses to be qualified suppliers, ready to compete for public, private and international opportunities through progressive development, and specialized training (such as the One Woman Conference).
If you’d like to be one of power presenters, please let us know!
One Woman Speaker's Application |
Resources
Below are several useful links for women in business.
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