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Slinde Nelson

Advice for women embarking on business formation process

On Behalf of | Nov 10, 2019 | Business Formation

It’s never an easy process to start an Oregon small business, no matter how experienced and knowledgeable an entrepreneur may be. While anyone embarking on the business formation process can face challenges, this is especially common for women. A woman wanting to start a company will find it beneficial to learn about the issues she may face and how she can overcome these issues.

Women are just as capable and knowledgeable as their male counterparts, but unfortunately, not everyone recognizes that. A female entrepreneur can embrace her strengths as a woman while still being tough, tenacious and ambitious. It will also help immensely for any prospective business owner, regardless of gender, to know and clearly articulate his or her vision for the business before starting.

Female entrepreneurs may feel the pressure to perform perfectly and never make mistakes. In reality, mistakes and missteps are fuel for growth. Instead of hiding from mistakes, it’s okay to embrace them, learn from them and move forward. Finally, any entrepreneur should take the time to think carefully about the legal and financial protections he or she may need in place, especially during the initial stages of a business. 

It’s always exciting to see a vision and dream come to life through the business formation process. However, it is beneficial for a female entrepreneur to think carefully about how she can protect herself and her long-term interests as well. From choosing the right entity for a new Oregon company to drafting employment contracts, having experienced guidance from the very beginning can be a wise investment.