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Registering as a Woman-Owned Business: What You Need to Know About the WBE Certification

by on December 1, 2017 in Funding Technology Tips
If you’re a woman who owns a business (or the majority of it) and don’t know about the benefits of WBE certification, you’re missing out on an untapped market of over $200 billion dollars. It’s called the government, and it’s happening on every level – federal, state, and local. Government departments and agencies are required to grant a certain percentage of their contracts to women-owned businesses. And it doesn’t stop there, because national corporations are beginning to expand their offerings to woman-owned business. It’s an incredible advantage to be registered as a woman-owned business, but there’s only one way to get in on the action: Woman Business Enterprise certification.

You might be thinking that your business is not suitable for a government contract, but that’s okay since private-sector companies are also looking to diversify and prioritize woman-owned business to fulfill contracts. Besides things like waste treatment, plumbing, construction, and mass transportation, billions of dollars also go towards communications, marketing, data processing, design, and more. So while the government and national corportations are looking for woman-owned businesses to take on these contracts, the WBE certification is the first thing they’re checking for.

A WBE certification is your golden ticket, serving as proof that a woman does in fact own more than half of the company and yields most of the control. To get one, you’ll complete an application with an outside organization that will check if you’ve met your requirements. Processing your application and receiving your certification could take three to six months if you’re doing it in the private sector, but for the government the wait could surely be longer.

While there are great benefits to registering as a woman-owned business and getting your WBE certification, you should also be wary of a few things. Different agencies, governments, and corporations might have different certifications, requiring you to fill out and apply for multiple. Many of them charge an application fee and an annual fee to recertify. In addition to being a woman with majority ownership and control, other factors will also be considered, such as company size, years of business, and profitableness.

Above all, remember that getting a WBE certification is only the first step. What matters most is that you have a successful business that creates value for your customer base. As always, it starts with a good business plan.

For more information on the WBE certification process, visit:

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