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Get WOSB Certification to Beat Adversities
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Posted On :
Mar-10-2011
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Article Word Count :
523
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WOSB certifications are meant to support the growth of women ventures. Read this article to find how you can avail them.
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If you are into business you must have heard about the federal grants designed to uplift the standard of small business ventures especially those are owned and operated by the minority group of individuals. However, in case you are seeking for women owned business certification, the Small Business Administration has special program for that.
In fact, SBA has two separate programs- 8(a) and SDB or Small Disadvantaged Business, that issue the certifications. Both of the programs are declared for minorities as the federal government does not count the Caucasian women as minorities. However, women owned small business ventures can still avail the federal grants. They are eligible to opt for the 8(a) certification programs if they can prove that they are discriminated in true sense for being female.
It has officially been stated by the federal agencies that the WOSB owners have to demonstrate on paper how she is personally facing the inconveniences causing by the discriminatory practices. That means she needs to clarify how the displacement is personally affecting her in starting her own business or being credit worthy. Specialized certification for women is also known as the 8(m) certification.
While opting for the Women-Owned Small Business Certification program, you must know about the eligibility criteria that you have to meet in order to obtain the grant. To the very first place more than 50% of your company should have to be owned, operated and controlled by a woman or group of women. Also you have to have US citizenship as one of the most basic criteria.
An application for 8m certification and other supporting documents are to be submitted perfectly to the authority. You will have to go through an ongoing conversation with the federal staffs until all the required documentation has been received and accepted. The given files will be reviewed by the committee takes for issuing grants to support the growth of women owned business processes. The committee is normally formed with the legal and financial professionals and other corporate representatives who work with the owners of WOSB certified companies. The members pay an onsite visit to the company before taking a final decision on whether to certify or reject the application.
Once your company receives the women owned business certification it becomes eligible for the ongoing business opportunities provided by the local affiliates. Hereby they get connected with the corporate diversity executives who increase their exposure to the federal market. Your business can reap the benefits of women business certification more than the others by implementing expert strategies. Generally, the WOSB providing services or products directly to the client are more successful than those working with the manufacturer’s broker or representatives.
So, it is clear that even after being certified by the federal agencies the women owned business companies have to stay competitive to get success over there competitors. You can hire professional business consultants to help you best utilize the benefits of WOSB certifications. So, if you have always dreamt to shape up your own venture, this is the right time to opt for.
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Article Source :
http://www.articleseen.com/Article_Get WOSB Certification to Beat Adversities_55470.aspx
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Author Resource :
Steven Brown is a professional internet marketer. To know more about women owned business certification or women owned small business visit womanownedsmallbusiness.net
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Keywords :
wosb, 8m certification, women owned business, women owned small business, women owned business certification,
Category :
Business
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Small Business
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