The face of small business is changing. Women like Tyler resident Deborah Tinsley are stepping out on a limb and starting their own companies. Tinsley just opened Exceptional Home Care, an at-home pediatric care agency.
Tinsley says funding is a major issue small business owners still face. She's already spent $20,000 out of her own pocket, and there's no promise of a return. Donald Proudfoot, director of the Small Business Development Center, says only 20 % of small businesses last more than five years.
"If I can make it through the next six months, then I feel like I won't have any problems, says Tinsley"
Deborah and other women gathered at Tyler Junior College's annual network luncheon for women. Most of whom face the same issues, like funding and developing a business plan.
"It's just so hard to come up with the money to start your own business," recalls Tinsley. "There's nobody there to tell you that information, you have to know where to go and find it."
SBDC and The Small Business Administration counsel women on obtaining loans and organizing their business. Statistics show that women are responding.