Day 12

The $40,000 Barrier to Entrepreneurship

The average cost to start a business and keep it running in its first year is $40,000, according to the Small Business Administration.

For many women and minority entrepreneurs, this cost is a significant barrier to pursuing their dreams. That’s where Michigan Women Forward steps in — providing the funding, resources, and support to help entrepreneurs overcome financial obstacles and build thriving businesses.

Every dollar we invest fuels innovation, creates jobs, and strengthens Michigan’s communities.

And with your help, we can empower even more entrepreneurs to break barriers and succeed.