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March 2003

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Welcome Women's Business Institute

By Pat Lawrence

Beatrice Checket
Beatrice Checket

West Virginia Women who are starting a business or running an existing business have a new resource in the Women’s Business Center opened in by the Women’s Business Institute. The Women’s Business Institute provides training, counseling and technical assistance to any woman who owns a business or who wants to own a business.

Beatrice Checket, founder and Chief Executive Officer of the WBI says, “We target women who dream of owning their own business and help with training in financial procurement, technology and marketing.” West Virginia was one of just three states that did not have a Woman’s Business Center. Ms. Checket believes that the WBC can be an essential tool for women in their quest for success. She says, “We’re in the business of partnerships and sharing expertise. Our goal is to commercially empower women. We want to foster successful women’s businesses in West Virginia.”

The WBI started seven years ago as an all-volunteer organization in Maryland. With Bea Checket as the driving force and major funding from the Small Business Administration, the non-profit organization has grown to include four centers in Maryland, a satellite office in Keyser and the new office in the Alan Mollohan Innovation Center at Fairmont.

David Satterfield, Executive Director of the WV Development Institute, was present at the WBC grand opening, saying, “We are woefully inadequate in how we support women and women owned business. The participation of women in the workforce is absolutely key to improving our economic environment.”

Bea Checket says other states have found out just how true that is. She says, “As of 2002, there were an estimated 6.2 million majority owned, privately held women-owned businesses in the US. These firms are generating $1.15 trillion in sales and employing 9.2 million workers. Dreams don’t come easy, but when women are successful in business, they create a stronger economic environment for us all.”

Kathy Johnston, formerly with the Small Business Development Center at Fairmont State College, is directing the organization’s Fairmont activities. Through referrals from the SBA and their own marketing efforts, she says, “We offer no cost, one on one, business counseling. Our goal is to assist in starting 39 new businesses, help 55 women with existing businesses, and assist in the creation of 85 new jobs in the process, by October 1, 2003.”

Ms. Johnston would like women to know that many of the WBC services will be available online and by phone. She encourages women to visit and use the facilities in the Fairmont office, since the office adjoins the SBA Business Information Center, providing easy access to business resource materials and computer workstations. They plan on opening other branch offices in the state. “Women are starting businesses at twice the rate of men. We’re here to help them succeed.”

Pam Rose, a business counselor with the WBC is an accountant and business owner. She says, “We assess what’s going on to find out what women need for their business. It may be more training, more education or more financial information. It may be finding lenders or creating a business plan. It may be learning the language of business. Women need to feel confident that they can accomplish their goals.”

On March 27 the WBC, in conjunction with the YWCA and the SBA, will present Five Steps to a Business Plan at the YWCA in Clarksburg. In a round table format and over dinner, businesswoman/ facilitators and representatives of the SBA will help entrepreneurs write their own business plan. Registration, starting at 5:30, is $15.
In addition to the WBC website www.wbi-wv.org , entrepreneurs may take advantage of the SBA’s online Women’s Business Center, www.onlinewbc.gov, which offers information on market research, business principles and practices, management techniques, SBA programs and services, financing and upcoming events. In addition to online mentoring, WBC anticipates the development of a mentor match up program, with established businesswomen and new entrepreneurs.

To contact the West Virginia Women’s Business Center, call 304-366-1400,
fax 304-367-0867, visit them in the Alan B. Mollohan Innovation Center,
1000 Technology Drive, Suite 1210, Fairmont, WV 26554 or visit their website.

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