In today’s business world, being certified as a women-owned small business (WOSB) is more than just a title—it’s a stamp of trust and commitment.
U.S. Small Business Administration and WOSB
The US Small Business Administration (SBA) is a United States federal agency the helps small businesses begin, expand, and succeed. The SBA was formed in 1953 and is the go-to resource and voice for small businesses in the United States.
The SBA offers several program administrations to help level the playing field in industries where diverse company leaders are underrepresented. These administrations include HUBZone, SDVOSB (disabled veterans), 8(a) (socially/economically disadvantaged), and WOSB (woman-owned).
The SBA's administrations are focused on certifications for federal government work.
Certified WOSB (woman-owned small business)
The Woman-Owned Small Business Certification signifies that a business is at least 51% owned, operated, and controlled by one or more women.
But what does this certification really mean, and why should other organizations consider partnering with a woman-owned small business?
Certification as a WOSB is not just a label; it’s a rigorous process that ensures transparency and accountability. Businesses undergo a vetting process to verify their ownership and operational structures. This process instills confidence in potential partners and clients.
Diversity in leadership brings diverse perspectives to the table. Women-owned businesses approach challenges and opportunities with unique insights, creativity, and adaptability. Studies consistently show that diverse teams foster innovation and better problem-solving abilities. By partnering with WOSBs, businesses can tap into this creativity and gain a competitive edge, leading to more innovative solutions.
Ultimately, choosing to work with certified women-owned small businesses is not just a decision driven by compliance or market dynamics; it’s about staying competitive by tapping into diverse insights.
Woman-owned small businesses offer unique perspectives, foster economic empowerment, and contribute to a more inclusive economy.
Adiabat is an SBA WOSB. Our team has supported the federal government for decades, first as a Veteran-Owned small business under our senior partner, Robert Blevins and now as a Woman-Owned small business under our CEO, Ashley Ballard, CCM. We are excited be an official SBA WOSB as of Spring 2024!
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