Women entrepreneurs who are creative about the way they raise money for their businesses and take advantage of every financing opportunity going are more likely to reach the rapid growth stage in their businesses, a new study has found.
A study among 88 female entrepreneurs by researchers from Babson College, Wake Forest University and Harvard Business School found that in order to attract external investors for future growth, women must first prove their business concepts, meet early stage milestones, and demonstrate the value of their businesses.
To do this, female entrepreneurs adopt a ‘bootstrapping’ strategy – raising funds through creative ingenuity, cutting costs, securing resources at no cost and building knowledge and human resources to speed business development.
Yet entrepreneurs who continue to use bootstrapping even once they have received equity funding are more likely to reach rapid growth stage, the research found.
Photo by wiseacre….
CH Walker on March 29th, 2007 at 9:05 am
This is a great source for funding where women support women in business ventures. This is the ultimate in bootstrapping within the community. You get to post small and mid-sized projects and to look at the exciting this others are doing.
The site has been reviewed in Inc, Entrepreneur and BusinessWeek magazines as the next great financing site.
Join this group to get support for the business side of your ambitions:
http://www.prosper.com/public/groups/group_home.aspx?group_short_name=gogirl