About Us

Learn about FEMancial and the team

What is FEMancial?

FEMancial is a website that is here to help new female entrepreneurs establish and anchor the roots to their business. We provide information and resources for managing finances, connecting with other small businesses, and more to women who are planning on starting a business or have recently started one.

Meet the Team

Hi! I’m Hannah, I am a 19 year old from Illinois. This is my first time at Technica but my second hackathon!

Hannah Madigan

Developer

Hi, I'm Jo and FEMancial is my first hackathon entry! I am an a eigth grader from Georgia :)

Joana Carvalho

Designer

Hello, I'm Trinity! I am a sophomore from North Carolina. This is my eighth hackathon, and my second time at Technica.

Trinity Tran

Front End

Establish

Establishing a business

Marketing

- Finding Connections

Growing your roots means reaching out to other businesses.

Here are networking sites made specifically for women business owners:

  • Biznik (a venue organized by local communities to aid with collaboration)
  • The EveryWoman Network (a social networking platform dedicated to women in business)
  • E.Factor (a site that has the largest community of entrepreneurs globally, including features that are not normally shown in a social networking site)

- A Guide to Advertisement

Social Media

One of the most necessary and used means of advertising is social media. It's important to establish your business on one platform and branch out to other platforms to boost your business. Using networking sites such as The EveryWoman Network (listed above) to reach out to other businesses that are similar to your business's background.

Budgeting

Creating a budget is a necessary detail when creating a business.

If you can't water your plant, it doesn't grow

  1. Find out how much money you're making.
  2. Track your spending;
    1. Keep a tab of the money heading in and out by using tools such as the Bank of America
      2. spending/budgeting tool.
  3. Set goals;
    1. (emergency funding, long-term and short-term)
  4. Lower your spending or increase your income.
  5. Stick to the budgeting plan!

Building your business plan

A business plan is both a management and planning tool. Having one is key towards converting the business opportunity into an actual project.

The plan answers these five questions: Who are We? What do we want to do? How do we want to do it? How are we going to finance it?

Manage

Managing your business

Finding Business Loans and Investors

At some point in your wonderful journey of creating or furthering your small business you will more often than not need some sort of short term cash flow. Depending on your type of business every lender has different qualifications, so it's important to note the differences of each type of loan that way you can make the best decision for your business. Here is a link to simple steps you can use to get a small business loan.

Fundera Business Loans

Develop Good Financial Habits

The easiest way to have a successful business is to start things off early! Whether that's saving, investing, or tracking your finances. Here is a link to some great habits to start off with.

Credibly Financial Habits

Create a Business Bank Account

Not only will your small business look more professional by having a separate business bank account but it will also make it easier by keeping future bookkeeping of finances organized and accurate. Below is a link to some recommended Business Checking Accounts for small businesses.

The College Investor Business Checking Account Recs

Data

Statistics About Women in Business

Hover over a country to see their percentage of women business owners.
The data visualization map above shows the percentage of women business owners out of total business owners in any given country. Some information was missing for some countries.
Hover over different parts to see the label and percentage.
Capital is referencing to financial assets held by an individual or business, such as funds in deposit accounts, and acquired from special financing sources.

In a survey conducted by Bank of America, correspondents were asked about their stance on women's access to captial. The graph above visualizes the percentage of the results from women and men. More than half of women entrepreneurs say they do not have equal access to capital. Contrastingly, more than half of their male counterparts believe women already do have equal access to capital.