Women are more likely to start a small business than men, but they are more likely to struggle obtaining financing. Our content partner Nav.com explains why women-owned businesses hit a financial glass ceiling and how you can break it.

 

A new report released by SCORE reveals some interesting data regarding small businesses, particularly women-owned small businesses. Of the 28 million small businesses in the United States, 39% are owned by women, which increased by 45% from 2007 to 2016 and continues to rise. Women are more likely to start a business than men, enjoy equal success as measured by business starts, revenue growth, job creation, and time in business. And while men are more likely to operate in the construction and manufacturing industries, women are more likely to open businesses in healthcare or education. Women-owned businesses employ almost 9 million people and bring in over $1.6 trillion in revenue. While these figures are impressive, there are some concerns found in the data.

Despite the growth in the number of women-owned businesses, these entities have remained static in revenue shares at only 4% of the nation’s business revenues, a point which hasn’t seen much growth if any over the last 20 years. In contrast, businesses owned by men have declined in their share of U.S. enterprises since the early 2000s, but their revenue shares have stayed consistent in relation to the changing number of entities. Of the businesses that responded to the survey, 34% of men-owned businesses have been in business for more than 10 years, compared to only 28% of women-owned businesses.

These numbers certainly raise concerns about the longevity and sustainability of women-owned businesses. Could this be a product of a lack of mentorship or other barriers to success?

The Glass Ceiling of Financing

In addition to revenue and years in business, the study highlighted several key indicators to determine how successful a business is, including hiring rates and access to financing. Over the last year, a larger proportion of men-owned businesses (30%) saw an increase in hiring compared to women-owned businesses (27%). Some of the women entrepreneurs responded that they would like to hire more full-time employees, but have to stick with interns, contractors, or part-time employees because funds are low in their business.

When asked why they sought out financing, a nearly equal proportion of men and women responded that they needed financing to hire a new employee. The statistics show that 34% of men compared to 25% of women search out financing, and that 38% of men versus 31% of women who apply for financing actually obtain it.

Women-owned businesses are slightly more likely to depend on credit cards or non-SBA loans for financing as opposed to men-owned businesses, whereas men are more likely to use equity raised from investors to fund their business. While experience and networking can help find better financing options, it’s always important to make sure your business credit profile is in tip-top shape. You can check your business and personal credit score for free with Nav before you seek better financing options.

Some of the differences between men and women business owners may boil down to mentoring, a topic the study addressed. The numbers clearly suggest that small business owners who work with a mentor or are under a mentorship program enjoy more success than those who don’t. While the numbers pertaining to revenue, hiring, and access to financing show that women-owned businesses are at a disadvantage, there are indeed resources available to help them take the next step forward.

 

This article originally appeared on Nav.com and was re-purposed with their permission.

 

We look forward to helping your business succeed. Right now, if you sign up for free mentoring assistance, you’ll receive up to a 2% discount on your loan’s annual interest rate. If you have questions about this loan offer or other small-business loans for women, visit ofew.org, or contact us at ofew@opportunityfund.org.

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.

Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.


Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses, support college students, and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $600 million and helped 20,000 families earn, save and invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

Visit us online at http://opportunityfundloan.org and follow us on Facebook and Twitter

Anthony and Cynthia started their business to share a taste of home with their new community in Orlando. They converted their West African restaurant into a food truck with the help of a loan from Opportunity Fund. Now with two food trucks in Orlando, African Soul Market is thriving as they share more of the food they love.

Our customers inspire us every day, and we want to regularly share those stories to inspire you, too.

Anthony and Cynthia started their business to share a taste of home with their new community in Orlando. They converted their West African restaurant into a food truck with the help of a loan from Opportunity Fund. Now with two food trucks in Orlando, African Soul Market is thriving as they share more of the food they love.

The Taste of Success

Anthony and Cynthia Imana started African Soul Market in 2013 in Orlando. After they moved to Florida from the Bronx in New York, they wanted to start an African market to share Anthony’s taste of home.

“We moved to Florida for a better life for the kids and when we got here, we realized there weren’t many African options for my husband to eat,” Cynthia said. “I thought that he can’t be the only one who wants that food, so let’s do something about it.”

They started out in a brick and mortar location selling dry African goods. They changed their focus to prepared food on the weekends, which quickly sold out each day. “Then we started selling our prepared foods every day,” Cynthia said.

Their food was a huge hit, but the increasing rent for their restaurant space made it hard to stay in business. After two years as a restaurant, African Soul Market started over as a food truck.

African Soul Market

Anthony and Cynthia built their business together and watch it grow every day (photo courtesy of Jack Edwards)

They needed a small business loan to help finance their truck, so they reached out to One Fat Frog, a food truck manufacturer located in their hometown of Orlando. As one of Opportunity Fund’s key mobile food vehicle manufacturer and dealer partners, One Fat Frog connected the Imanas to us.

“One Fat Frog told us that Opportunity Fund does food truck loans,” Cynthia said. “We didn’t have the total amount to pay for the truck. We were relieved to know that funding was available.”

Starting Off Right

Opportunity Fund loan consultant Gerardo Campos helped close a $30,000 loan for the Imanas to complete the purchase of their truck. They were set up for immediate success.

“We’re the first food truck in the state of Florida serving authentic West African cuisine,” Cynthia said. They set up their truck in Pointe Orlando, a prime spot with a constant flow of foot traffic. Business grew so quickly that they returned to One Fat Frog for a second truck in March 2018. Gerardo was there again to help secure the $71,000 loan for the new truck.

Gerardo’s quick and personalized service helped the Imanas get their second truck going without missing a beat. “Gerardo was amazing,” Cynthia said. “He was straightforward and told us what we needed to provide for the loan. Everyone we worked with at Opportunity Fund is great and professional.”

The second African Soul Market truck travels to events around the Orlando area, as well as private catering engagements. Cynthia and Anthony go to work every day with their family members and cook their favorites while providing for the family’s needs.

We’re proud to watch African Soul Market expand and we’re thankful for our mobile food vehicle partners like One Fat Frog for helping us reach new clients outside of California!

We hope this story has inspired you, too.  At Opportunity Fund, we offer easy-to-get, fast, and affordable small business loans to help small business owners succeed.  Visit our home page to find out more.


Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.

Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses, support college students, and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $600 million and helped 20,000 families earn, save and invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

Follow us on Facebook and Twitter

This is your bi-weekly calendar for in-person and virtual events in Northern and Southern California. Here are the best upcoming events from August 1 through 15.

Every two weeks, we’re sharing and promoting free or affordable events that help small business owners run their businesses better. This is your bi-weekly calendar for in-person and virtual events in Northern and Southern California. Here are the best upcoming events from August 1 through 15.

Northern California/Sacramento

Women Mean Business: Getting Ready for Holiday Sales
Date: August 8, 2018 | 6:00 pm PDT – 8:00 pm PDT
Location: 275 5th St. San Francisco, CA 94103 (map it)
Contact: Erin Morris | emorris@rencenter.org | (415) 348-6227
Organization: Renaissance Entrepreneurship Center
Fee: $15

It’s never too early to prepare your business for a busy holiday season! Join us for an evening of networking, panel discussion, and light dinner with experienced business owners and experts on:

  • Digital marketing
  • Inventory
  • Finance
  • E-commerce

You don’t have to be a business owner to attend this event! Anyone who is interested in hearing from experts on these topics is welcome. Speakers include Jennie Lennick of Jenny Lemons, Laurie Kanes of 12 Small Things and Laurie O’Hara of Working Solutions.

Click here to register for this event.

Marketing your business
Date: August 9, 2018 | 6:00 pm PDT – 8:00 pm PDT
Location: 1887 Monterey Rd. 2nd Floor San Jose, CA, 95112 (map it)
Contact: Mimi Hernandez | mimihndz@sbdchc.org | (408) 385-9151
Organization: Silicon Valley SBDC
Fee: Free

This free workshop will help business owners develop tools to find clients and extend your client base to increase sales.

Click here to register for this event.

Women’s Empowerment Night
Date: August 13, 2018 | 6:00 pm PDT – 8:00 pm PDT
Location: Moseley’s Hilltop Tasting Room
2158 Hilltop Dr. Redding, CA 96002 (map it)
Contact: info@e-jedi.org | (530) 926-6670
Organization: Jefferson Economic Development Institute
Fee: Free

AWE Redding California, WE Thrive Women’s Business Center at JEDI Group, and Women of Vision Movement invite you to an evening of networking, wine, and fun at Escape Redding.

When women support each other, incredible things happen. Come and witness magic unfold as we embrace our individual uniqueness, make new connections, strengthen bonds. and share creative approaches to career, business, and life!

Agenda:

  • 6pm – 7pm: Networking and Introductions
  • 7pm – 8pm: Optional fun at Escape Redding or stay in the Moseley’s Tasting Room to make new connections. Purchase your own wine at Moseley’s Tasting Room.

Click here to register for this event.

Southern California/San Diego

Cash Flow Management
Date: August 8, 2018 | 10:00 am PDT – 12:00 pm PDT
Location: 1055 Wilshire Blvd. Suite 900B Los Angeles, CA 90017 (map it)
Contact: Daniel Ing | ding@pacela.org |(213) 353-9400
Organization: PACE Finance Corporation
Fee: Free

Understanding cash flow is crucial for every business to ensure healthy growth and business expansion. Join this workshop to learn:

  • What is cash flow
  • How to manage cash flow effectively
  • How to create a sound financial plan
  • How to calculate a break-even point

Click here to register for this event.

Getting Started with Social Media – Using Social Media to Drive Leads
Date: August 8, 2018 | 1:00 pm PDT – 3:00 pm PDT
Location: Chaffey College—Info Tech Center 3rd Floor Room 310
13170 7th Street Chino, CA 91710 (map it)
Contact: Diana Cescolini | diana.cescolini@scorevolunteer.org | (951) 652-4390
Organization: Inland Empire SCORE
Fee: $20

Learn the difference between Facebook, Twitter, LinkedIn, Pinterest, Instagram, and Google+ for your business in this seminar on social media.

Topics include:

  • How to choose the right social media platforms for your business
  • How to get started with each platform
  • How to use each social media platform to drive business

Click here to register for this event.

Empowering Mompreneurs: 3 Simple Steps to Avoid Burnout
Date: August 15, 2018 | 6:00 pm PDT – 8:00 pm PDT
Location: 1003 East Cooley Dr. Suite 109 Colton, CA 92324 (map it)
Contact: (909) 890-1242
Organization: Inland Empire Women’s Business Center
Fee: $20

Being a mompreneur is about more than just work-life balance. It takes organization, management, and a serious commitment. Join scientist and mompreneur facilitator Tonya Moore and learn simple, proven strategies on how to have both a happy family and a thriving business.

Click here to register for this event.

Virtual

Google Tools to Start or Manage Your Business – Part 1 of 2
Date: August 2, 2018 | 4:00 pm PDT – 5:00 pm PDT
Location: Online—Webinar
Contact: Sarah Espinosa | sespinos@uncfsu.edu | (910) 672-2683
Organization: Fayetteville State University Veterans Business Outreach Center
Fee: Free

Learn about no-cost software options from Google that can help you start or manage your business without adding extra costs to your bottom line.

Click here to register for this event and find information about Part 2 here.

After Lunch Webinar Series: A Small Business Guide to Intellectual Property
Date: August 9, 2018 | 1:00 pm PDT – 2:30 pm PDT
Location: Online—Webinar
Contact: rnsbdc@business.rutgers.edu | (973) 353-5950
Organization: Rutgers Newark (N.J.) SBDC
Fee: Free

If you have an idea, product, or service you believe in, you want to protect it. The Intellectual Property (IP) Basics Webinar is designed to give entrepreneurs, small business owners, and independent inventors the knowledge and tools to protect their assets and integrity of their business.

This workshop will help you to better understand the different types of IP and how to protect them. At the end of this workshop, you will be able to:

  • Obtain a clear understanding of what intellectual property is
  • Differentiate between patents, trade secrets, copyright protection, and trademarks
  • Identify issues generally found in patents, trade secrets, copyrights, and trademarks
  • Obtain helpful resources for guidance

Click here to register for this event.

4 Easy Steps to Setting Up your Business Website
Date: August 15, 2018 | 9:00 am PDT – 10:00 am PDT
Location: Online—Webinar
Contact: (678) 335-5600 ext. 120
Organization: Access to Capital for Entrepreneurs
Fee: Free

This webinar will cover four easy steps to set up a website that will drive business and increase sales:

  • Selecting a web domain and hosting service
  • Setting up a customized business email address
  • Choosing the best website for your brand
  • Including the right content for your website

Click here to register for this event.

We’re looking for upcoming events to promote to small business owners like you. If you have an event you’d like to share with fellow business owners, contact us at sblending@opportunityfund.org.


For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.

Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.


Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses, support college students, and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $600 million and helped 20,000 families earn, save and invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

Visit us online at opportunityfundloan.org and follow us on Facebook and Twitter

This is your bi-weekly calendar for in-person and virtual events in Northern and Southern California. Here are the best upcoming events from July 16 through 31.

Every two weeks, we’re sharing and promoting free or affordable events that help small business owners run their businesses better. This is your bi-weekly calendar for in-person and virtual events in Northern and Southern California. Here are the best upcoming events from July 16 through 31.

Northern California/Sacramento

Before You Sign that Lease
Date: July 18, 2018 | 6:00 pm PDT – 8:30 pm PDT
Location: 1500 MacDonald Ave. Richmond, CA 94801 (map it)
Contact: Lucero De Leon | ldeleon@rencenter.org | (510) 221-2003
Organization: Renaissance Entrepreneurship Center
Fee: Free

The pre-printed lease form looks daunting and the broker is pressuring you to sign right now – but wait! There are many parts of office, retail, or other commercial leases that you can and should negotiate with the landlord to increase the odds of success for your business.

An experienced business and real estate attorney from the San Francisco Community Business Law Center will help you learn how to make well-informed commercial tenant decisions and prepare for landlord negotiations.

Although taught by an experienced business attorney, this class does not constitute legal advice.

Click here to register for this event.

Explore Your Psychology of Money – Build Financial Strength and Ease
Date: Starts July 19, 2018 | 5:30 pm PDT – 8:00 pm PDT
Location: 205 Chestnut St. Mt. Shasta, CA 96067 (map it)
Contact: info@e-jedi.org | (530) 926-6670
Organization: Jefferson Economic Development Institute
Fee: $15

Building Financial Strength and Ease offers an overview of key psychology of money issues that either support your goals or hold you back. As our money cycles through four phases of activity—income, spending, saving, and investing—we need to manage each phase to make our daily financial habits support our goals. This seminar will help you get all your resources powered up and on track for more prosperous living.

Join us for two sessions July 19 and 26 to get answers to your questions about your business financial goals.

Topics include:

  • Realizing the amazing power of an income goal—and what stops us
  • Enhancing squirrel intelligence for better quality of life
  • Balancing today’s enjoyment with tomorrow’s plans
  • Positioning your money to grow
  • Implementing Aha! skills from Tapping into Wealth

Click here to register for this event.

Small Business Taxes
Date: July 24, 2018 | 3:00 pm PDT – 5:00 pm PDT
Location: 455 Market St. Suite 600 San Francisco, CA 94105 (map it)
Contact: sfscore@sfscore.org | (415) 764-4964
Organization: San Francisco SCORE
Fee: $35

Tax laws are changing. Learn the IRS regulations that apply to small business owners and get answers to your tax questions in this informative and interactive live seminar. Topics covered include tax deductions and commonly used tax strategies for individuals, corporations, and LLCs.

Click here to register for this event.

Southern California/San Diego

Start-Up Workshop
Date: July 17, 2018 | 10:00 am PDT – 12:00 pm PDT
Location: 2900 S. Crenshaw Blvd. Los Angeles, CA 90016 (map it)
Contact: Cathleen Hy | chy@pacela.org | (323) 293-6284
Organization: PACE Finance Corporation
Fee: Free

If you are planning to start your business and you want to start on the right track, please join us at our next Small Business Start-Up workshop. We’ll cover the nuts and bolts of starting a small business:

  • Start up cost of your business
  • Your target audience
  • Finding and retaining clients
  • 5 Cs of the loan application process
  • Business plan writing
  • Credit counseling and loan packaging
  • Basic licenses and permits: Business license, DBA. Seller’s permit. EIN
  • Types of business entities

Alternately, you can schedule an appointment to sit down with our counselors to see what steps you can begin to take towards setting up your business and giving it the best chance for success.

Click here to register for this event.

Social Media for the Busy Entrepreneur
Date: July 27, 2018 | 1:00 pm PDT – 4:00 pm PDT
Location: 8825 Aero Dr. Suite 102 San Diego, CA 92123 (map it)
Contact:  workshop0140@scorevolunteer.org | (858) 283-1100
Organization: San Diego SCORE
Fee: $20

Social media is a necessary component of business marketing. The most successful businesses on social media have developed a smart marketing strategy that includes setting goals and objectives, utilizing the best tools to engage with their target audience, and consistently analyzing their return on investment.

As a busy entrepreneur, you can do all these things above and still manage the other stresses of your job with the skills you’ll learn during this hands-on workshop. Learn how to make the most of your time and resources and unleash the power of social media to take your social engagement to the next level. You will learn the most relevant, proven tactics for social media success that will save you time and money.

Click here to register for this event.

Stress-Free Business Taxes
Date: July 28, 2018 | 9:00 am PDT – 12:00 pm PDT
Location: 1003 East Cooley Dr. Suite 109 Colton, CA 92324 (map it)
Contact: (909) 890-1242
Organization: Inland Empire Women’s Business Center
Fee: $20

Take the stress out of preparing for your business taxes with this workshop. We’ll cover the basics, from business tax requirements through working from home to deductions, credits, and record keeping to get you ready for a stress-free tax day.

Click here to register for this event.

Virtual

Outdo Your Competition by Optimizing Your Online Search Listing
Date: July 19, 2018 | 10:00 am PDT – 11:00 am PDT
Location: Online—Webinar
Contact: monmouthscore@gmail.com | (732) 224-2573
Organization: Monmouth (N.J.) SCORE
Fee: Free

Consumers use search engines to find information about local businesses. As local online marketing gets more competitive, the first page of Google search results gets smaller and smaller. You can make your business stand out with the tips from this free webinar. We’ll demonstrate how to optimize your Google My Business listing and other local search strategies.

Topics include:

  • Listings: The top online directories and citation sites to host your business listing
  • Name, Address, Phone Number (NAP): What is it and why it’s so important
  • Pictures: The right images to add to your listing and how to do it
  • The new Google My Business: How the Q&A feature can backfire if you’re not prepared
  • Maintaining your listing: Why frequently logging into your listing is crucial and how you can say ahead of your competition
  • Videos: Length, content, formats, and more
  • Local SEO strategies: How to find the gaps and beat your competitors to the punch

Please claim and verify your Google My Business listing before attending this webinar to get the most out of the material.

Click here to register for this event.

Discovering What Works in Social Media
Date: July 27, 2018 | 9:00 am PDT – 10:00 am PDT
Location: Online—Webinar
Contact: John Merlino | jmerl018@live.kutztown.edu | (973) 879-3549
Organization: Kutztown (Penn.) SBDC
Fee: Free

Join John Merlino, Kutztown SBDC social media guru, for this 45-minute webinar about discovering what works in social media.

Learn how to attract customers via social media by developing best practices for your business through integrating your goals with designing and tracking the performance of content relevant in your industry.

Click here to register for this event.

Low Cost Marketing Ideas
Date: July 30, 2018 | 9:00 am PDT – 10:30 am PDT
Location: Online—Webinar
Contact: info@TheInstituteNC.org | (919) 956-8889
Organization: The Women’s Business Center of North Carolina
Fee: Free

Learn how to create a marketing strategy that supports your business goals. This seminar will cover some of the best free and low-cost marketing tools and explore creative ways to promote your business without breaking the bank or your budget.

Click here to register for this event.

We’re looking for upcoming events to promote to small business owners like you. If you have an event you’d like to share with fellow business owners, contact us at sblending@opportunityfund.org.


For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.

Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.


Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses, support college students, and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $600 million and helped 20,000 families earn, save and invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

Visit us online at opportunityfundloan.org and follow us on Facebook and Twitter

Jill always dreamed of owning her own business and working for herself. When the right idea came along, she made her dreams possible through hard work. She grew her mobile pet grooming business with the help of small business loans from Opportunity Fund. Thanks to us, you can find Foxy Roxy’s Mobile Pet Salon in your area.

Our customers inspire us every day, and we want to regularly share those stories to inspire you, too.

Jill always dreamed of owning her own business and working for herself. When the right idea came along, she made her dreams possible through hard work. She grew her mobile pet grooming business with the help of small business loans from Opportunity Fund. Thanks to us, you can find Foxy Roxy’s Mobile Pet Salon in your area.

Taking a Chance on a Great Idea

Jill Hailey started Foxy Roxy’s Mobile Pet Salon in Modesto in July 2014. While raising her family, Jill had dreams to start her own business with her husband Jonathan. The timing and ideas finally came together when they saw a mobile pet groomer on their street one day.

“The wait for an appointment was two months,” Jill said. “Jonathan saw the need for more mobile pet groomers in our area and said we should do that. But we knew nothing about grooming.”

Jonathan built the first van in their driveway, and Foxy Roxy was born. “We hired a groomer who taught us the grooming side of the business and Jonathan and I handled the rest,” Jill said. “From there, the business took off.

The company grew quickly from the single van operation to 10 employees and seven mobile grooming units today around Modesto, Pleasanton, and Santa Clara. Jill hires a groomer to operate each unit, which has a complete setup for dog grooming: baths, nail trim, fur drying, and space for the groomer’s tools and supplies. The runaway success was initially difficult to keep up with, even for the upstart Haileys.

Bath time

Dogs get deluxe treatment when Foxy Roxy comes to town (photo courtesy of Heimo Schmidt)

“Within three months of our launch our appointment schedule was booked out over a month,” Jill said. “We had to turn down customers. As we’ve added vans over these four years, we fill up our schedules until we’re booked out a month. When our customers say they can’t wait, we know it’s time to grow.”

When Hard Work Pays Off

Jill turned to a mobile dog grooming vehicle manufacturer to keep up with the demand for Foxy Roxy. She had fewer opportunities for financing due to a bankruptcy from her divorce. Then she got a tip about Opportunity Fund.

“It sounded too good to be true,” she said. Jill connected with our team, who helped her right away through understanding her situation and finding the right business financing solution for her. “I told them, I was the kind the bank won’t help. But they told me I was the kind they’re here to help.”

J & J

Jill and Jonathan share their business dreams as owners of Foxy Roxy’s Mobile Pet Grooming Salon (photo courtesy of Heimo Schmidt)

Our loan consultant Madieu Shyllon helped close a $10,000 loan for Foxy Roxy’s Mobile Pet Salon in August 2015. Since then, Jill has returned to us for four more loans to help purchase mobile grooming units:

  • $47,000 in November 2015
  • $79,000 in May 2016
  • $77,000 in June 2017
  • $82,000 in November 2017

Now with five loans and a thriving business that allowed Jonathan to quit his sales manager job to focus on their dream, Jill is looking to the future of Foxy Roxy. They opened their first brick and mortar location in San Diego this May, and they’re spreading their reach further throughout California.

We’re proud to watch Foxy Roxy grow and we’re honored to support the dreams of hardworking entrepreneurs like Jill.

We hope this story has inspired you, too.  At Opportunity Fund, we offer easy-to-get, fast, and affordable small business loans to help small business owners succeed.  Visit our home page to find out more.


Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.

Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses, support college students, and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $600 million and helped 20,000 families earn, save and invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

Follow us on Facebook and Twitter

This is your bi-weekly calendar for in-person and virtual events in Northern and Southern California. Here are the best upcoming events from July 1 through 15.

Every two weeks, we’re sharing and promoting free or affordable events that help small business owners run their businesses better. This is your bi-weekly calendar for in-person and virtual events in Northern and Southern California. Here are the best upcoming events from July 1 through 15.

Northern California/Sacramento

Coffee with a Business Advisor
Date: July 2, 2018 | 2:00 pm PDT – 4:00 pm PDT
Location: Dr. Martin Luther King, Jr. Library—Third Floor: SJPL Works
150 E. San Fernando St. San Jose, CA 95112 (map it)
Contact: sjplworks@sjlibrary.org | (408) 808-2310
Organization: SJPL Works
Fee: Free

Come and meet with expert business advisors with real world experience who help local businesses across many different industries. These advisors are here to answer your questions, provide guidance, and share feedback.

Registration is encouraged. Parking validation for 4th St. garage will be provided at the program.

Click here to register for this event.

Simple Steps for Starting Your Business
Date: July 9, 2018 | 6:30 pm PDT – 9:00 pm PDT
Location: Capitola City Hall—Community Room
420 Capitola Ave. Capitola, CA 95010 (map it)
Contact: John Yost | score0688@santacruzscore.org | (831) 621-3735
Organization: Santa Cruz SCORE
Fee: $20

This SCORE workshop can help you understand what it takes to successfully start a small business. The workshop is intended to help new and early-stage businesses by presenting a broad overview of subjects that will impact the success or failure of that of that business.

Pre-registration is suggested as seating is limited.

Click here to register for this event.

Modesto: Business Startup
Date: July 10, 2018 | 8:00 am PDT – 10:00 am PDT
Location: 1625 I St. Modesto, CA 95354 (map it)
Contact: Peni Hogwood | phogwood@valleysierrasbdc.com | (209) 422-6416
Organization: Valley Sierra SBDC
Fee: Free

If you dream of owning your own business and think you have what it takes to be successful, this free two hour workshop is for you. Join Valley Sierra SBDC to learn the basics of starting a new business.

We’ll address your questions about business startup, including:

  • Is my idea viable?
  • What kind of financing will it take to open my business?
  • Why do I need a business plan?
  • What are the risks, pitfalls, and requirements of opening a new business?

Keep up with free monthly business startup workshops from Valley Sierra SBDC in Modesto, Los Banos, and Merced, every 2nd Tuesday and/or 3rd Thursday of the month. Click here for the center calendar.

Click here to register for this event.

Southern California/San Diego

1-on-1 Business Counseling
Date: July 9, 2018 | 4:00 pm PDT – 8:00 pm PDT
Contact: Steve Meng | smeng@pacela.org | (213) 353-9400
Organization: PACE Finance Corporation
Fee: Free

PACE Business Loan Officer Steve Meng will be available at the Central Library to answer your business questions. Schedule your 1 on 1 appointment with him by email at smeng@pacela.org to discuss topics such as:

  • Starting a business in Los Angeles
  • Obtaining a license and permit
  • Writing a business plan
  • Marketing
  • Preparing a financial statement
  • And more

Please contact Steve for location information.

The ABCs of Starting Your Own Business
Date: July 12, 2018 | 4:00 pm PDT – 6:00 pm PDT
Location: Highgrove Public Library
530 Center St. Riverside, CA 92507 (map it)
Contact: (909) 890-1242
Organization: Inland Empire Women’s Business Center
Fee: Free

Join this free workshop learn to start a business. In this workshop, we’ll explore the first steps to creating a business, the legal structure your business might take, funding sources that are available to small businesses, and why business planning plays such a big role in startup success.

Click here to register for this event.

Women’s Networking Breakfast
Date: July 13, 2018 | 7:45 am PDT – 11:00 am PDT
Location: Sheraton Mission Valley
1433 Camino del Rio South San Diego, CA 92108 (map it)
Contact: score0140@scorevolunteer.org | (858) 283-1101
Organization: San Diego SCORE
Fee: $20 before July 6 | $25 after July 6

Join San Diego SCORE for the Women’s Networking Breakfast event: Everything You Need to Build a Business Enterprise Can Be Learned from Dr. Seuss.

Michelle Bergquist, nationally acclaimed author, award-winning entrepreneur, and professional speaker, presents this lively, entertaining, and powerful presentation on how to do build a successful business according to the wonderful world of Dr. Seuss. You’ll learn business lessons from classics like The Cat in the Hat, Green Eggs and Ham, How the Grinch Stole Christmas, Horton Hears a Who, and more. You can also network with like-minded women entrepreneurs at this one of a kind event.

Click here to register for this event.

Virtual

After Lunch Webinar Series: Website & Social Media Strategies
Date: July 5, 2018 | 1:00 pm PDT – 2:30 pm PDT
Location: Online—Webinar
Contact: rnsbdc@business.rutgers.edu | (973) 353-5950
Organization: Rutgers Newark (N.J.) SBDC
Fee: Free

Customers use search engines everyday to find products and services. Think about this: 93% of online experiences begin with a search engine. If your website isn’t showing up on the first page of a search engine for your product, service, or term, you’re missing out on potential customers!

Search Engine Optimization (SEO) ensures that your business shows up in the search engine. You can increase your web presence and visibility through SEO to get more customers and grow your business. This webinar will help you understand the fundamentals of SEO to incorporate into your business marketing strategy.

Topics include:

  • SEO: what is SEO and why you need it
  • The search engine: how it works and affects your website’s rank
  • SEO Strategies: what you can incorporate to increase your website’s visibility and rank
  • Blogs: why creating and updating your blog is key for your online presence
  • Social media: how social networking plays into your SEO strategy
  • Analytics: how to track and measure your results

Click here to register for this event.

Mastering Pinterest, Instagram, & LinkedIn For Business
Date: July 9, 2018 | 1:00 pm PDT – 2:30 pm PDT
Location: Online—Webinar
Contact: Diana Cescolini | diana.cescolini@scorevolunteer.org | (951) 652-4390
Organization: Inland Empire SCORE
Fee: Free

Join this free webinar to learn how to use the most popular social media platforms to elevate your small business to success. Pinterest, Instagram, and LinkedIn are powerful tools for your business. Start with these topics:

  • Posts: how, what, and when to post content
  • Automation: how social media scheduling will save time and money
  • Events: why social media is essential for promoting and sharing your events

Click here to register for this event.

How to File a Fictitious Business Name
Date: July 12, 2018 | 10:00 am PDT – 11:00 am PDT
Location: Online—Webinar
Contact: (909) 448-1567
Organization: University of LaVerne SBDC
Fee: Free

Join The University of La Verne SBDC and the County of Los Angeles Department of Consumer and Business Affairs to learn how to file your fictitious business name, also known as your dba.

Click here to register for this event.

We’re looking for upcoming events to promote to small business owners like you. If you have an event you’d like to share with fellow business owners, contact us at sblending@opportunityfund.org.


For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.

Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.


Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses, support college students, and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $600 million and helped 20,000 families earn, save and invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

Visit us online at opportunityfundloan.org and follow us on Facebook and Twitter

Making sure your employees feel safe working at your business is not only polite, but it is your moral responsibility and a business owner. Our content partner Nav explains why a sexual harassment policy is important for everyone and how you can create one easily.

Making sure your employees feel safe working at your business is not only polite, but it is your moral responsibility and a business owner. Our content partner Nav.com explains why a sexual harassment policy is important for everyone and how you can create one easily.

 

Sexual harassment is big in the news, and has led to the end of long careers in Hollywood, Washington and large businesses around the nation. While your business may not be a multi-billion-dollar juggernaut where a sexual harassment claim would make national headlines, that doesn’t mean you can simply ignore sexual harassment.

Not only does creating a sexual harassment protect your employees and set a clear line in the sand for your company culture’s sake, it also protects your business from potential lawsuits that can be costly, time-consuming, hurt recruiting efforts and leave you vulnerable to personal liability depending on how your company is structured and what kinds of business insurance you have. Especially when small businesses are first getting started and profit margins are slim, the cost of a lawsuit could not only derail goals to grow the business, it could put you into business debt or even sink the company. Ensure your business has a clear sexual harassment policy in place to protect everyone at your workplace with these tips.

Understand sexual harassment policies.

Attitudes towards sexual harassment, gender equality and what is and isn’t appropriate in the workplace have changed over time. This generational issue is glaringly obvious when discussing recent harassment claims with Baby Boomers and Millennials at the same time. Just think of Don Draper and the behavior that was acceptable in the “Mad Men” era to get a better understanding of how sexual harassment attitude and acceptance has changed over time.

Harvey Weinstein’s accusers opened up a floodgate of workplace sexual harassment policy updates that were long overdue. Before you start working on your small business sexual harassment policy, understand what these policies do and how they work. A sexual harassment policy should clearly explain what behavior is considered sexual harassment, the repercussions for engaging in unacceptable behavior, and how you will train employees to avoid sexual harassment. The policy should also include information on how employees can report sexual harassment and what will happen if sexual harassment is reported.

Find your workplace’s unique scenarios.

While most offices should be able to easily and clearly identify and explain sexual harassment and inappropriate behavior, that is not always the case in every business. And even within other business categories, it may not always be so cut and dry.

For example, at a restaurant it is inappropriate for any managers, coworkers, or guests to comment on female staffer’s appearance beyond remarking on following uniform guidelines and wearing professional attire. But at restaurants like Hooters, Twin Peaks and The Tilted Kilt, the uniform requires sexually provocative attire. In those cases, the companies must create custom tailored policies that protect their wait staff while maintaining the company’s culture and brand.

While it may be tempting to follow an “I know it when I see it” definition of sexual harassment, it is vital to write extremely clear guidelines to protect your staff from unwanted sexual advances and your business from sexual harassment lawsuits.

Find and review a policy template.

When writing your policy, you don’t have to start from scratch. For many businesses, a pre-written template will cover everything you need. If not, it may get you well on the way to a custom policy for your business.

Templates are great for any legal need, as most businesses have similar requirements and can get something together much faster and at a bargain price. But don’t just take a template and assume everything is perfect. It will still likely require some level of customization to fit your business.

Customize to your business needs.

Depending on your background, you may be able to start the customization process on your own. Read the template, update the glaringly obvious fixes you need, and then read through again with a fine-tooth comb looking for areas where the template does not match your business or leaves something out.

While most contracts are written by lawyers, there is no rule saying you can’t write in sections for your small business sexual harassment policy yourself. Do research on what similar businesses include in their workplace harassment policies and use them as a guide while tweaking the template to best match your business needs.

Hire a lawyer for legal review.

In the last section, you learned that you can write your own sections in your sexual harassment policy. But you can’t just assume everything you wrote is up to snuff with the law. Now it’s time to bite the bullet and hire a lawyer.

A legal review will ensure you are doing all of the right things to protect your employees, yourself and your business from sexual harassment and sexual harassment claims. Nothing is every 100% effective when it comes to sexual harassment prevention, but doing your due diligence does help you protect your team and your company and limits liability in the event of a claim.

Do not ignore sexual harassment.

Sexual harassment is no longer something that can sit at the back of your mind when running a business. Whether your company employs two workers or two hundred, it is time to put a strong sexual harassment policy in place and update older documents.

If you take the steps to protect yourself today, you will have little to worry about in the future. But if you ignore sexual harassment, you are sitting on a ticking time bomb. You never know when a claim may arise that could take down your business. Do the smart thing and put a policy in place as soon as possible.

 

This article originally appeared on Nav.com and was re-purposed with their permission.

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.

Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.


Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses, support college students, and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $600 million and helped 20,000 families earn, save and invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

Visit us online at http://opportunityfundloan.org and follow us on Facebook and Twitter

This is your bi-weekly calendar for in-person and virtual events in Northern and Southern California. Here are the best upcoming events from June 15 through 30.

Every two weeks, we’re sharing and promoting free or affordable events that help small business owners run their businesses better.

This is your bi-weekly calendar for in-person and virtual events in Northern and Southern California. Here are the best upcoming events from June 15 through 30.

Northern California/Sacramento

IRS Forms of Ownership
Date: June 19, 2018 | 1:00 pm PDT – 4:00 pm PDT
Location: Veterans Business Outreach Center
4608 Duckhorn Dr. Sacramento, CA 95834 (map it)
Contact: Star Cochran | admin@vbocix.org | (916) 527-8400
Organization: Veterans Business Outreach Center
Fee: Free

One of the most critical decisions for new business owners is to decide which form of ownership will best meet your business needs.

Join this free seminar to learn about the different forms of ownership to choose from. We’ll help you understand the most common legal structures for businesses plus the pros and cons of each form of business entity.

Click here to register for this event.

Writing a Successful Business Plan
Date: June 19, 2018 | 2:00 pm PDT – 5:00 pm PDT
Location: Berkeley Public Library
2090 Kittredge St. Berkeley, CA 94704 (map it)
Contact: Lee Lambert | seminars@acsbdc.org | (510) 208-0410
Organization: Alameda County SBDC
Fee: Free

What makes a good business plan? What are the key components of writing a compelling plan and what are investors looking for in your plan? This free seminar will help you write your best business plan ever!

Topics include:

  • Key components of a business plan
  • Key questions your business plan should answer
  • The importance of financial projections
  • The numbers investors look for in a plan
  • Critical numbers to manage and grow your business
  • Secrets to writing your best business plan

Click here to register for this event.

LinkedIn for Your Business
Date: June 21, 2018 | 6:00 pm PDT – 7:30 pm PDT
Location: Dr. Martin Luther King, Jr. Library—Third Floor: SJPL Works
150 E. San Fernando St. San Jose, CA 95112 (map it)
Contact: sjplworks@sjlibrary.org | (408) 808-2310
Organization: SJPL Works
Fee: Free

This free seminar, LinkedIn for Business, teaches you how to create your business brand, promote your business, and identify key prospects.

Topics include:

  • Building your business brand
  • Optimizing your profile
  • Marketing your business
  • Targeting prospects

Registration is encouraged. Parking validation for 4th St. garage will be provided at the program.

Click here to register for this event.

Southern California/San Diego

Pricing for Profitability: Are You Charging What You’re Worth?
Date: June 20, 2018 | 6:00 pm PDT – 8:00 pm PDT
Location: 1003 E. Cooley Dr. Ste 109 Colton, CA 92324 (map it)
Contact: (909) 890-1242
Organization: Inland Empire Women’s Business Center
Fee: Free

Are you challenged with how to competitively price your services? How do you know if you’re charging too much—or worse, too little? Pricing your services is one of the most important decisions you will make in your business. Find out what you must know to set your prices appropriately and competitively.

Click here to register for this event.

California Department of Veterans Affairs Veteran Business Forum 2018
Date: June 22, 2018 | 9:00 am PDT – 1:00 pm PDT
Location: San Diego State University—Montezuma Hall: SDSU Student Union
5500 Campanile Dr. San Diego, CA 92182 (map it)
Contact: dvbe@calvet.ca.gov
Organization: California Department of Veterans Affairs
Fee: Free

The California Department of Veterans Affairs (CalVet) presents the Annual Veteran Business Forum sponsored by DGS and San Diego State University. The conference will provide veterans support and services to help them start, grow, and maintain their businesses. This free event is open to all veterans.

Join us for workshops (How to do Business with the State of California + Contracting with the State of California), Q&A panels, networking with California state agencies, and more!

Walkins are welcome, but to ensure a name tag and easy entrance, please register.

Click here to register for this event.

State Basic Payroll Tax & E-Services
Date: June 28, 2018 | 9:30 am PDT – 12:30 pm PDT
Location: BusinessSource Center West Valley
18645 Sherman Way #114 Reseda, CA 91335 (map it)
Contact: (818) 705-9977 | info@bscvalley.org
Organization: VEDC
Fee: Free

Join this free seminar and learn about key tools and resources for filing payroll taxes for your small business.

  • How and when to report state payroll taxes
  • How to distinguish between an employee and an independent contractor
  • What are independent contractor reporting requirements
  • Where to get assistance

Click here to register for this event.

Virtual

Copyrights, Patents, & Trademarks
Date: June 18, 2018 | 9:00 am PDT – 11:00 am PDT
Location: Online—Webinar
Contact: tbwbc@thecentre.org
Organization: The Tampa Bay Women’s Business Centre
Fee: Free

Have you protected your invention, unique product or service, or the brand name and logo that you designed? Failure to safeguard your intellectual property can result in someone else infringing or violating what you have taken a great deal of time and capital to develop. Attend this workshop to learn the necessary steps to protect what you have created for the marketplace.

Click here to register for this event.

Business Continuity & Disaster Preparedness
Date: June 19, 2018 | 7:00 am PDT – 8:00 am PDT
Location: Online—Webinar
Contact: Briana Williams | briawill@fiu.edu | (305) 779-9233
Organization: Florida SBDC
Fee: Free

Join this free webinar to learn how you can prepare for disaster and spare your small business lost time, money, property, and more.

Topics include:

  • Business continuity and disaster preparedness
  • Miami-Dade County emergency information
  • Free mobile apps to aid preparedness
  • Resources to protect against business interruption

Click here to register for this event.

Creativity at Work: Why Creative Thinking Matters and How to Tap It
Date: June 20, 2018 | 12:00 pm PDT – 1:30 pm PDT
Location: Online—Webinar
Contact: info@e-jedi.org | (530) 926-6670
Organization: Jefferson Economic Development Institute
Fee: Free

Small business owners—think about these questions for your business:

  • Do you have challenges in your business because traditional methods and strategies aren’t working?
  • Are there areas of your business where you need to think outside the box?
  • Is your business doing well, but you’re feeling creatively starved?
  • Do you want to see new opportunities and resources for your business?

This free webinar on creative thinking for your small business can help you find answers to these questions. To evolve our work, we need to see beyond our current mindset, systems, and methods. Business owners often get trapped in formulas that can become limiting. Traditional goal-setting methods don’t always work when pioneering new things.

Together we’ll learn how to look at your small business with a different, more expensive perspective plus find opportunities, resources, and methods to become a more creative thinker.

Click here to register for this event.

We’re looking for upcoming events to promote to small business owners like you. If you have an event you’d like to share with fellow business owners, contact us at sblending@opportunityfund.org.


For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.

Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.


Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses, support college students, and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $600 million and helped 20,000 families earn, save and invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

Visit us online at opportunityfundloan.org and follow us on Facebook and Twitter

“People don’t quit jobs, they quit managers.” Being (or hiring) a poor manager can cost your small business more than you think. Read how much bad management really costs.

“People don’t quit jobs, they quit managers.” Being (or hiring) a poor manager can cost your small business more than you think. Read how much bad management really costs.

What it Means to be a Bad Boss

Some entrepreneurs have a difficult time delegating tasks to their employees and letting go of the business they worked so hard to build. Your business is like a baby, and it may be hard for you to relinquish control.

This can make you a bad boss and cost you business if you aren’t aware of the problem and how to better manage your employees.

Gone are the days of bosses who give orders and micromanage every aspect of their employees’ work. Today, people want to work for managers who lead by example, inspire them to grow, and enable them to take charge of their own responsibilities.

Creating the Wrong Work Atmosphere

We’ve written before about how important it is to hire the right employees that will be productive and work well with the team, but it is just as important for you or the managers you’ve hired to be responsible for setting the right work atmosphere.

Managers set the tone for the whole team. Even the most dedicated, hard-working employee will feel burned out and unappreciated if management is poor. Your business can lose productivity and revenue if your employees no longer feel motivated to work hard for a boss who they feel doesn’t deserve the loyalty.

High turnover is costly for businesses, in terms of wasted money, time, and reputation –  Glassdoor is the Yelp for job seekers. If a qualified candidate sees a review of your small business saying the managers are bad, they’ll look elsewhere.

Invest in Better Management

Here are a few important characteristics to develop in yourself or look for when hiring a new manager:

  • Being able to be wrong. Employees say it is important to them that a boss can own up to their mistakes. When they see this kind of behavior, they don’t feel safe to take innovative leaps in their work and may learn to hide their own costly mistakes.
  • Express gratitude and share success. It’s easy to criticize someone for their mistakes, but not remembering to acknowledge their success will lower morale and productivity. The same applies to pointing out their errors in front of others more often than publicly praising them.
  • Not micromanaging their work. You hired someone because you think they’ll do their job well, so let them prove you right. Give them some freedom to do their work in a way that makes them the most productive they can be. You don’t need to dictate their schedules down to the minute or demand that they count cash a certain way.
  • Respecting work-life balance. When employees aren’t on the clock, don’t reach out to them with work matters. Your employees need time off to recharge and will be more productive when they come in to work.
  • Listening to problems or new ideas. If they disagree that your new idea will bring in more sales, listen to them! Value their advice and they’ll want to come up with new cost-saving or sales-generating ideas.

 

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.

Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.


Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses, support college students, and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $600 million and helped 20,000 families earn, save and invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

Visit us online at http://opportunityfundloan.org and follow us on Facebook and Twitter

Opportunity Fund. Working Capital for Working People. opportunityfund.org