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How to Plan for a Woman’s Start-Up

Women are trailblazers in the business world, bringing their unique perspectives and approaches to innovation across a wide variety of industries. They also rely on strong networks for support and mentorship. These entrepreneurs are inspiring and serve as a reminder of the value they add to our economy. But starting and growing a business is a tough journey, regardless of gender. It requires hard work and perseverance, as well as the right attitude.

Female founders have to face a host of challenges, including finding the right balance between their professional and personal lives and overcoming adversity. However, they are proving that when you believe in yourself and your business, others will too.여자창업

According to human resources cloud software company Gusto, women accounted for half of start-ups formed in 2021. This was a significant increase from the 28% in 2019. Seizing a “pandemic related opportunity” was the top reason given for launching a business, with black and African American women starting businesses three times more than their white counterparts.

When planning for a startup, it’s important to have an emergency fund set aside. This can help cover unexpected expenses and give you the peace of mind to focus on your business. It’s also smart to save as much money as possible before taking on debt, as it can be harder for women to secure loans than men.

Founders often rely on credit cards to help with operating costs, but they should be aware that double-digit interest rates can add up over time. Another option is to leverage assets you have in your brokerage account. However, it’s important to talk with your advisor to ensure you’re not liquidating investments that may be generating returns.

Women-led companies are transforming the world through innovative technology, products and services. For example, 1928 Diagnostics is bridging the gap between DNA technology and infection control by using a patient’s genome to identify the best antibiotic treatment, and avoid resistance. This woman-led company has received over $120 million in funding so far.창업아이템

Other woman-led startups are focusing on the female experience. Eve Blossom provides an affordable alternative to traditional fertility treatments. Founded by two women after experiencing high-cost IVF treatment, the company offers low-cost egg freezing and IVF monthly plans. The subscription-based service has raised over $12 million in funding to date.

If you’re a woman-identifying entrepreneur, consider joining Startup Women, a free program that connects you with mentors and subject matter experts to help you navigate your early stages of business. The platform includes topic-focused webinars, industry advisory circles and meetings with Startup Women leaders throughout Canada. For more information, visit the program’s website.