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Women Owned Business

In: Business and Management

Submitted By beatriz1300
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Running Head: Women-owned Small Business (WOSB)

Women-owned Small Business (WOSB)

Unit 9 Project

Beatriz Martinez

CM 107

Professor Krishnan

March 11, 2014

Women Owned Small Business (WOSB)

Women Owned Small Business (WOSB)

Wonder woman, a classic iconic super hero; perhaps this heroine paved the road for women around the world to stand up for themselves, take over the business world, and become more independent individuals. In today’s society, we find more and more examples of women entrepreneurs, which have been able to stand out against all odds, and become successful business women. Ginni Romette, Chairman, president and CEO of IBM; ranks number one in Fortune’s 50 most powerful women in business (Fortune Magazine, 2013). "In the U.S. this year it was revealed that among firms with more than $10 million in annual revenues the number of women-owned firms has grown by 56.6 percent since 2002; fully 47 percent higher than the 38.4 percent increase among all $10 million plus firms regardless of gender." (Forbes 2013, Para 2). For all upcoming “Wonder Woman” out there, there’s federal help available to make your dreams possible.

Women Owned Small Business (WOSB) is a federal program that provides a level playing field for women to compete for federal contracting opportunities in the United States. (sba.gov p 1). To qualify for this program, businesses must be at least 51 percent women owned, and primarily managed and controlled by women. (U.S. Small Business Administration, 2011). Women have become successful business entrepreneurs because of their…...

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