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Tips for Women Entrepreneurs

Tips for Women Entrepreneurs

Women entrepreneurs are key economic actors in New York City – building businesses that support families, uplift communities and generate jobs.

In honor of Women's History Month and the launch of the WE NYC initiative, we have developed the following tailored business tips to assist women entrepreneurs as they start, operate, and grow a business in New York City:


invest

INVEST IN YOURSELF

  • Approximately 90% of women-owned businesses in New York City have no employees other than the owner. As a business owner, the success of your venture depends on you and your ability to seek out resources and strengthen your personal business skillset.
money

MASTER YOUR MONEY

  • Women receive only 4% of all conventional small business loans, which amounts to about $1 out of every $23 loaned. Yet capital is a proven factor in future business success.
mentor

FIND A MENTOR

  • Research shows that 55% of women business owners versus 40% of men business owners are encouraged by an entrepreneurial role model. These mentors can help you overcome business challenges, test ideas, and build confidence.
dream big

DREAM BIG

  • Women-owned businesses are 3.5 times less likely to reach the $1 million threshold, and in New York City they employ an average of 6 people compared to 12 for their male counterparts.
  • Through business planning assistance, we are here to help you reach your potential as a woman entrepreneur. And when you need to hire employees to expand your business, we offer free recruitment services to help you identify the quality talent you need, right here in New York City.

Learn more about our commitment to uplifting women entrepreneurs at nyc.gov/WENYC.