Assistance for Single Mothers Wanting to Start a Business

Entrepreneurship is often attractive to single mothers who seek the flexibility of self-employment while they raise their children. Starting a business is challenging, however, particularly when there isn't another parent or other family member who can step in to help with the kids. It's critical that you seek out resources for education, training, funding and support so that your business gets off to a good start.

Business Training and Education

Successful entrepreneurs have the education and training needed to operate their companies effectively. Trade schools, community colleges and four-year institutions can provide you with the knowledge and training you may need.

Entrepreneurship Education

Some community colleges offer diploma, certificate and degree programs in entrepreneurship or small business management. If you've never operated a business before, these programs are helpful. In addition, tuition at community colleges is usually significantly lower than what you might pay at a four-year university. If the cost remains a concern, talk to the financial aid office. You may be eligible for state grants, scholarships or student loans.

Professional Licensing

Some businesses require professional licensing, which means that you may need to complete an educational program. For example, if you have a cosmetologist license and hope to open your own salon, state laws may also require you to have a salon owner or salon manager license. This may require additional education. When planning your business, verify all educational and licensing requirements.

Tip

When searching for schools, ask about child care options. Some colleges and universities, including community colleges, operate on-site day care centers for students.

Business Startup Counseling

Starting a business is a big decision: A good idea isn't enough to ensure business success. Working with business professionals and counselors who provide assistance as you develop a business plan, seek funding and set achievable goals can improve your chances for success.

Small Business Association and Women's Business Centers

The Small Business Administration office in your area is an excellent place to start your search for counseling and support. Your local SBA office might be associated with a Women's Business Center, which can provide specialized assistance. These organizations may also be able to refer you to local nonprofit groups that specialize in helping single mothers achieve vocational and career goals, including entrepreneurship or self-employment.

SCORE

SCORE is a nationwide volunteer program that matches entrepreneurs with mentors who have experience and success in business. By receiving one-on-one assistance, you can explore and refine your business plans with someone who has already accomplished what you are trying to do.

Small Business Funding

Putting together funding for your business can be a challenge. Contrary to what many people believe, there are few direct grants made available to small-business owners. Instead, government and private grants are often given to government and private agencies. These agencies then take responsibility for providing grant money and services to local businesses.

A Small Business Association counselor can let you know whether there are grant programs in your area that are worth applying for. Also, some prominent businesses, such as FedEx, operate private grant programs. Competition for grant money is often fierce, and you may benefit from working with a professional grant writer.

Small-business loans are often far more accessible. The SBA partners with lenders to provide these loans to small business owners. You still need to qualify for a loan, so it's essential to check your credit reports before starting the application process.

Ongoing Networking and Support

One way to promote your business, form strategic partnerships, and possibly attract investors is to become involved with your local business community. Get in touch with your local Chamber of Commerce. Typically, chambers promote regular networking and informational events that cost little or nothing to attend. You may also find local women in business groups that provide camaraderie and referral opportunities.