A Rising Tide: Financing Strategies for Women-Owned Firms

A Rising Tide: Financing Strategies for Women-Owned Firms

A Rising Tide: Financing Strategies for Women-Owned Firms

A Rising Tide: Financing Strategies for Women-Owned Firms

Synopsis

Women-owned firms represent an increasingly important segment of the small business sector. According to the most recent data from the U. S. Census Bureau, there were 7.8 million women-owned firms in the United States in 2007, generating $1.2 trillion in revenues and providing employment for 7.6 million people. A Rising Tide presents the financial strategies that have helped today's bold and creative women entrepreneurs to succeed.

The authors take a "lifecycle approach" in discussing the issues and strategies for different types of women-owned firms, from nascent and home-based firms to growth-oriented and technology-based enterprises. Each chapter includes real-world cases studies featuring women entrepreneurs as a way to bring the book's lessons to life.

Uniquely, this book ties together the latest research on financing women-owned businesses and its implications for actual or potential entrepreneurs. Drawing on the Kauffman Firm Survey, a longitudinal survey of over 4,000 new firms, the authors are able to provide particularly useful conclusions, making this a must read for the thousands of women who are starting or may start businesses in the next few years.

Excerpt

In recent years interest in the role of women’s entrepreneurship in providing opportunities for women, economic growth, and jobs in the United States has been expanding. in A Rising Tide: Financing Strategies for Women-Owned Firms, we trace the increase in women’s entrepreneurship and explore the financial issues and strategies that are pertinent for entrepreneurial success. We also explore the ways in which the motivations of women entrepreneurs are intertwined with the financial strategies and sources they use. Our findings suggest that women entrepreneurs have complex and distinct motivations and that growth and profits are not always the top priority. Not surprisingly, women entrepreneurs’ varied motivations give rise to different types of financial strategies.

In A Rising Tide we build upon the findings of prior research and draw conclusions from data provided by the Kauffman Firm Survey, a longitudinal survey of over 4,000 new firms in the United States. the kfs provides detailed information on both firm and owner characteristics, as well as financing sources and amounts. We also share the experiences and insights of women entrepreneurs in a broad range of industries to illustrate the connections among motivation, the resource endowments of the entrepreneurs, and financial strategies. We take a “life cycle” approach to examining the issues and challenges that the different types of women-owned firms face by starting with nascent and home-based firms and working our way up to growthoriented and technology-based enterprises. Finally, in each chapter we . . .

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