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Why Women Entrepreneurs Should Support Each Other
January 10, 2019
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Why Women Entrepreneurs Should Support Each Other

Both men and women business owners are accustomed to the struggle that comes with being an entrepreneur. You must work long hours, put your business first, and ensure that you’re standing out from the competition.

As a female entrepreneur, it can be even more challenging; and you’ve probably hard to work even harder to make your business a reality.

What if we told you that you could make these tasks infinitely easier by partnering with fellow women business owners? Although you probably have a myriad of responsibilities, taking time to network with other female founders can provide numerous benefits.

In this post, we’ll explain why women business owners should empower each other. It can be easy to get caught up in the day-to-day stresses that come with running a business, but we encourage you to make time to empower women who are in your industry or are fellow entrepreneurs. You’ll be surprised at how your life can change!

6 Ways to Support Other Women in Business

1. Start Partnerships

Forming partnerships with relevant businesses can help you gain new opportunities. When you support fellow small business owners who are women, you can create strategic partnerships that benefit both of your companies. To do this, join networking organizations that bring women business owners together. In addition to potential certifications, discounts, and conferences that most support networks offer, you could end up partnering with talented women business owners!

2. Hire Female Employees

Through networking opportunities with other women entrepreneurs, you could make valuable connections. For instance, you might meet future employees! Other women business owners might have recruitment suggestions, which could help you fill open positions.

Giving other women job opportunities is important. You can probably think of at least a few women who have helped you launch your career as an entrepreneur. Pay it forward (and break the glass ceiling) by employing bright women to work at your small business!

3. Form Mentorships

Having a mentor can be indispensable to new business owners. They can help you write your business plan, provide input on branding, and give insights on other important decisions. In fact, many entrepreneurs have their mentors to thank for their business success. Due to this, networking with fellow women business owners can lead to mentorships!

In addition to finding your own mentor, you might be in the position to be a mentor to an aspiring entrepreneur. Like we mentioned in our previous point, it can be rewarding to help other women in business find success! If you know people who are in the process of starting businesses, reach out and see how you can be a resource to them. Whether it’s discussing their business idea or helping them market their new company on social media, you’ll feel pride knowing you’re investing in the future of a fellow woman in business.

4. Receive Valuable Feedback 

When running a business, it’s important to bounce ideas off knowledgeable professionals. Sometimes, receiving an outside perspective can help you refine your business’s practices. For instance, you could ask a woman business owner that you trust to review your business plan, give you feedback on a marketing campaign, test your products or services, or provide tips on other important aspects of your business. By receiving these insights, you could really improve your business with the help of other women entrepreneurs!

5. Get Recommendations

Have you ever struggled to choose an Internet providerfinancial advisor, or supplier related to your industry? Well, why not turn to knowledgeable women business owners who can provide suggestions? You and your network of esteemed colleagues can give each other recommendations for these types of decisions, lessening the amount of research you’ll have to do. When women business owners support each other, they can receive helpful suggestions that they may not have been able to find otherwise.

6. Make Lifelong Friends

In addition to the business benefits, collaborating with fellow women entrepreneurs can translate into great friendships! You probably have a lot in common with other women business owners and can bond with them over your entrepreneurial spirits. Making new friends and advancing your business at the same time? What could be better!

Conclusion: It Pays Off to Help Fellow Women in Business!

When women business owners empower each other, amazing things can happen. From professional relationships to long-lasting friendships, women entrepreneurs who support one another will succeed due to these connections!

Editor’s Note: This post was updated for accuracy and comprehensiveness in January 2019.

Fora Financial

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

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Fora Financial is a working capital provider to small business owners nationwide. In addition, the Fora Financial team provides educational information to the small business community through their blog, which covers topics such as business financing, marketing, technology, and much more. If you’d like to see a topic covered on the Fora Financial blog, or want to submit a guest post, please email us at [email protected].