Fed-up with garbage jobs and trying to be some kind of superhero at home and in the office, doing everything for everyone and working harder, but making less, women are flocking towards entrepreneurship… and guess what? They are C-R-U-S-H-I-N-G it! They are generating terrific amounts of revenue and creating more jobs in the economy than male entrepreneurs.
Incubators, also known as accelerators, offer formal business mentorship, tools and resources for female business owners. Like the names suggest, these growth oriented programs typically happen during a compressed period of time, say 90 days, to help the entrepreneur take her business to the next level. Though not all incubator programs are linked to grants, they have massive intrinsic value from all the learning and strategy work that takes place.
At a minimum, to begin the loan or line of credit application process the woman entrepreneur needs to produce her business plan, a cash flow statement and her personal net worth statement. That last item is inherently biased to extend money to women with more money, but I certainly hope to see more lending start to happen based on the business model itself, not on the size of the entrepreneurs’ TFSA or whether she owns a home.
Start a worker cooperative instead for a fairer and more democratic society that puts workers first
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Source: TorontoStar - 🏆 60. / 55 Read more »