Funding for Women-Owned Businesses

Mage
Mage Posts: 79
edited October 19 in Business Resources

Hi Thumbtackers! I am curious if anyone has had any success with receiving funding for their woman-owned business. My business is experiencing a reduction in conversions and traffic, and I have a feeling that it is because of the inflation this year. Since I am in the arts and education, sadly they are often the first fields to go when the economy is experiencing challenges. I have been using loans to fund my business, but it's digging too deep in debt, so I am more interested in grants or possible debt consolidation which I honestly don't know too much about. Thank you so much for your insights here! 🙏🏽😎

Comments

  • DustiO
    DustiO Administrator Posts: 714

    Thank you for posting this here, @Mage! Moving this to the top to make sure more people see it - let's get this hive mind going!

  • I am convinced that unless I have a purpose in my business to give back to our community nothing will align like it supposed to so I have a lot of ideas but none have took off so now I want to try a different approach ladies but I can't do it by myself I fall short on a lot of different areas that I need help in so I am available for any thing ,conversation, or etc to improve and empower us women if yall want to stick together for the good of our future

  • DustiO
    DustiO Administrator Posts: 714

    @Desiree33 Love this!

  • Mage
    Mage Posts: 79

    @Desiree33 not to worry–I am usually quite creative and manage to find solutions, but I too am at a loss. I am going to keep exploring what's in demand and see if I need to change my profile or start doing other kinds of music-related jobs.

  • DustiO
    DustiO Administrator Posts: 714

    @Mage Just following up to see if you've found any good resources?

  • Mage
    Mage Posts: 79

    Hi @DustiO! Thank you so much for checking in! I am currently work with the SCORE business mentoring as well as the Small Business Development Center in my area. I even reached out to the career center of my alma mater (CalArts if anyone is curious) to find other resources and tips. Some of my most loyal clients even set up a GoFundMe for me when they saw how bad it was. Only two people donated so far, but that was very sweet of them to actually take the time out for that. Every day is a real challenge for my business right now, but I am hoping to find some opportunities and overcome this setback.

  • DustiO
    DustiO Administrator Posts: 714

    I love how proactive and innovative you are!!! I've heard great things about SCORE in the past - I bet this will be a great resource! And I LOVE hearing about the GoFundMe, that just goes to show how incredible you are at what you do, that your clients would do this!!!