The Power of Women-Owned Businesses in Texas

A woman working at a women-owned business in Texas.
Buying|4 MIN READ

The Power of Women-Owned Businesses in Texas

by Clint Fiore

No matter which corner of the business world you’re trying to break into, making the decision to start your own business is a choice that requires a lot of courage. Once you begin your journey as a new business owner, you’ll also need enough persistence and resilience in order to achieve your goals. For this reason, many entrepreneurs don’t make it very far on the journey towards their dreams. Whether they hit a devastating roadblock or realized they don’t have what it takes, it’s not uncommon for beginners to give up. However, many women in business in the state of Texas have pressed on through hardship and made a name for themselves. Thanks to them, women-owned businesses in Texas are now a force to be reckoned with. Here is an overview of the impact they’ve had on the Lone Star State, as well as how buying a business in Texas can help you achieve your own business goals.

The Role of Women in Business in Texas

In Texas, countless women have carved their own paths toward success. According to a study ranking the best places for female entrepreneurs, Texas was listed as the number-one state. Additionally, Austin, Dallas, and San Antonio were all included in a list of top metro areas for female entrepreneurs. This further supports the notable role that women have in the business world in the Texas area. Because of these statistics, the world of female entrepreneurs is expected to grow even more in the future.

Why Women Entrepreneurs Are Flocking to Texas

The growing number of female entrepreneurs and women-owned businesses in Texas is a result of various factors. One of the most significant causes of the expanding presence of women business owners is the supportive environment in Texas. The state continues to maintain a climate that actively encourages and nurtures entrepreneurs who are determined to make it in the business world. This is especially true for startups, which are occupying a growing space in Texas. Not only are more and more startups heading to Texas to achieve growth, but they are also finding success in high numbers. It’s this success rate that ultimately motivates aspiring women to forge their own paths to success.

A woman who is buying a business in Texas.

What the Numbers Say About Women-Owned Businesses in Texas and Beyond

While Texas has repeatedly proven to be an ideal place for women-owned businesses to find success, the presence of females in the business world has grown well beyond this state. Women are now making waves throughout the United States as they defy deeply ingrained biases and prove themselves in different areas of business. In recent years, the number of firms owned by women has climbed significantly, and there are plenty of statistics that support this phenomenon. Out of all the businesses in the US, nearly forty percent are owned by women, and over 1800 new businesses were opened by women between 2017 and 2018. There is also good news for women of color, as firms owned by these women have increased by over 160 percent in the past eleven years. There’s no denying that women have shown a lot of promise in business all over the country and continue to do so.

How You Can Make Waves as a Woman in Business

If you’re a woman who wants to join the world of women-owned businesses in Texas, this is the perfect time to make your unique voice heard. There are countless ways to open your own business and reach success, but some are more effective than others. If you’re just starting out, it’s a good idea to purchase an existing business rather than beginning from scratch. There are many advantages of choosing to buy an existing business that can increase your chances of success. Here are some of the benefits of taking this route:

  • Opportunity to save time and money
  • Already-established brand
  • More secure financing
  • Access to customer base
  • Chance to build a portfolio 

When you purchase a business that already exists, you save time that you would have spent researching and creating business models if you had created your own company from scratch. The process of building your own business also involves a significant amount of money, while investing in an existing firm helps you save in many ways. Additionally, benefiting from an already-established brand can give you a leg up in your career. Not only is the marketing started for you, but you also have access to the brand’s customer base. However, there is still plenty of room for your own ideas when you buy a business. You can be creative and innovate while building your portfolio and getting the support you need from a brand name that is already well known and established.

Women in business working at a table.

Seize the Opportunity to Start a Business Now

No matter what type of firm you’re interested in, starting on your own in the business world can seem daunting. However, a little bit of guidance from an existing business is all you need to make your name known among the many women-owned businesses in Texas. When you start out by buying a business in Texas, you can build your portfolio and gain valuable experience in the business world. The supportive environment in Texas that is highly conducive to starting a company allows you to find your footing as you begin your personal journey towards success. Regardless of the type of firm you buy, your place among women in business is valuable and can be achieved with enough hard work, determination, and persistence. To learn more about buying a business with Texas Business Buyers, contact us today!

 

Published October 24, 2019

Topics: Buying

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