Small business certifications can help businesses grow and gain an edge over their competitors. Here is a list of four small business certifications that can help your small business for the better.
What are Small Business Certifications?
Small business certifications are recognitions that highlight how a business meets criteria or qualifications. They are often required for eligibility in specific programs, contracts, and funding opportunities. These certifications can help small businesses access government contracts, private sector opportunities, and other resources that support business growth.
B Corp Certification
A B Corp Certificate can be awarded to a business that can prove it has a bottom line that impacts the people and the planet. All for-profit organization companies can apply for these certifications. To qualify, you need to take a test that asks questions about your company’s impact on employees, customers, the community, and the environment. If you decide to submit your assessment, B Corp will evaluate your results, ask for supporting documents, and set up a phone call to review your answers and your company.
Women Owned Small Business or Women’s Business Enterprise
The U.S. Small Business Administration offers two different certifications for women-owned businesses. The WOSB Certification provides exclusive access to competitive federal contracts. To qualify for this certification, your business needs to be 51% women-owned and primarily managed by one or more women. The WBE Certification provides eligibility to work on both private sector and government contracts. The requirements to hold this certification are similar to the WOSB. Both of these certifications can help your business network and gain access to new contracts.
Minority-Owned Business Certification
If your business is minority-owned, an MBE is a certification that lets you gain access to private sector and corporate contracts. To be able to qualify, minorities must own at least 51% of the business as well as meet other criteria.
Veteran-Owned Business Certification
If you are a small business owner and are also a veteran, the Veteran-Owned Business Certification can offer support. To qualify as a Veteran-Owned Business, at least 51% of your business must be directly and unconditionally owned by one or more veterans. The veteran owner must have full control over the day-to-day management, decision-making, and policy.
Certifications are a great way that you as a small business owner can differentiate your business. Once you have applied and received the necessary certifications, it’s important to maintain them by applying for a renewal each year. Also, make sure to market your certification on your business website and social media. These certifications are meant to help you grow as a business leader. Explore more certification options here and take a class or workshop from the Enterprise Center at Salem State University.
