Small businesses are the backbone of America’s economy, creating two out of every three net new private sector jobs. And at the Small Business Administration, our job is to make sure that small businesses have the tools and the resources they need to succeed at every stage.
According to the U.S. Census 2007 Survey of Business Owners, women owned 7.8 million businesses, representing almost 30 percent of all companies in the country. It’s also worth mentioning that the growth of women-owned firms has outpaced the growth of other types, having increased by just about 44 percent between 1997 and 2007.
So, what can you do to join the ranks of these successful women business owners? Are you exploring your options for capital? If you’re looking for help to finance your business venture, check out these resources.
You may have built up considerable money in your 401(k) at a job or in your IRA and now you want to start a business or turn your sideline venture into a full-time activity. Can you use the money in your retirement account as capital for your business without incurring a tax bill? If you follow the rules carefully, the answer is a qualified yes.
Under the Affordable Care Act, the government, insurers, employers, and individuals share in the responsibility to improve the availability, quality, and affordability of health insurance coverage. The individual shared responsibility provision is a key part of helping to deliver the law’s consumer protections at an affordable cost. It makes these protections possible by ensuring that individuals do not just wait to purchase insurance when they are sick and drop coverage when they are well, which drives up premiums for everyone.