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Win WOSB Grant with Expert Assistance
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Posted On :
Jul-29-2011
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Article Word Count :
538
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It is always great to win a federal support for your business growth. Read this article to find how professional business consultant can help you obtain a grant.
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People are increasingly moving from job and getting into their own business venture to be self-employed. This gets them more earnings and sometimes even greater security. Women are popularly showing interest in owning small businesses as compared to men. This is mainly because the availability of women owned business certification programs of US federal government. Women-Owned Small Business or the WOSB ventures are given importance by the contracting agencies as well, for they are bound to grant a certain percentage of business contacts to the small business companies. Women are recognized as comparatively more efficient entrepreneurs than men and also having greater success rate in business field. However, obtaining a federal 8m certification is not a cakewalk though. Being a woman entrepreneur you have to prove your business potential to the federal government in order to be certified.
There are certain set of rules and official formalities a women business owner has to go through to establish their candidature. To the very first place, at least 51% of a small business company has to be owned and operated by a woman or group of women. Secondly it has to be a small business as per SBA standard. Also the applicant must have major authority to the company as an owner and she must be a US citizen. In case you are a women and belonging to the minority class, it is advisable that you mention any one of your eligibility status to avoid application hassles. However, regulations are pretty less in 8(m) Certification program as compared to other minority business certification programs and therefore you can say it is easier to achieve.
There are many women friendly banks offering commercial loans to help the entrepreneurs start up their business ventures. But they mostly consider the personal credit history as one most essential factor to determine their credibility. For that you can take a small loan and pay it back with regular payment. In fact, there are thousand ways to get a WOSB support even if you fail to quality for the 8m certification program. It is therefore, advisable that you hire a professional business consultant who can help you find the right ways to get business development support from either governmental or nongovernmental resources.
However, there are some extra privileges in governmental Women Business Certification plan indeed and that is the reason why most women strive to win the federal grants. Here the fact is, 8m certification itself is not a direct funding program, but it makes the women owned small businesses eligible to earn the advantages for future growth. It enables them to win a prospective federal contract from the government agencies, obtain business loans from both government and private banks, being recognized as the quality service provider by other contracting officers etc. are some of the greatest advantages of the certification program.
Now the matter is how to win a federal WOSB grant! It is essential that you get a complete knowledge bout the program before getting started with the application process. It is time consuming and so you must have the patience and required documents and papers in hand to avoid the chance of getting rejected.
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Article Source :
http://www.articleseen.com/Article_Win WOSB Grant with Expert Assistance_69797.aspx
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Author Resource :
Steven Brown is a professional internet marketer. To know more about woman owned business, wosb 8m certification or woman owned small business visit womanownedsmallbusiness.net
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Keywords :
wosb, woman owned business, women owned small business, 8m certification,
Category :
Business
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Small Business
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