Women-Owned Businesses on the Rise – According to the article, Women-Owned Businesses on the Increase, since 1972, the number of women-owned businesses has skyrocketed from 4.6% to 42% in 2019. According to the National Foundation for Women Business Owners, between 2014 and 2019 growth in the women-owned business sector out scaled all-business growth by a monumental margin of 21% versus 9%. Once commonly considered “side-hustles,” today’s women-owned businesses are primary sources of income and have added over half a million jobs to the economy.
Of course, having a dream and having a plan is not the same.
Even on a small scale, operating a business entails no shortage of expenses: from licenses and insurance to inventory and marketing… and that’s just the beginning.
Understanding how to best use limited- or extensive- funding is important for every business, and it’s imperative for every successful business.
Building a Financial Plan
Building a financial plan that takes a business from conception to a long-term goal minimizes stress, uncertainty, and risk. We can’t change the endless hours demanded in entrepreneurship, but we can ensure that time is efficiently spent to maximize financial commitments.
Although there’s no shortage of advice on the “best” ways to utilize your funds, working with unbiased professionals intent on financial strategies that accommodate short and long-term goals is essential. Crescent Franchise Solutions is here to guide and strategize specific plans to achieve goals… and build a legacy.
Our extensive expertise ensures a comprehensive solution unique to each business’ needs and goals.
The WBENC states that 1,821 new women-owned businesses were started every day in 2021 generating $1.8 trillion in revenue per year. Shouldn’t your business be one of them?
Contact Crescent Franchise Solutions
Contact Crescent Franchise Solutions to schedule a time to discuss the path to turning your dream into reality. We’ll answer any questions to ensure you have the financial information and assistance you need to build your business.
Call us today at 941.923.3663 and visit us at crescentfranchise.com for additional information and to meet our team of financial advisors ready to assist your planning goals.
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