WAIVER OF THE NONMANUFACTURER RULE Section 303 (h) of Public Law 100-656 and Section 210 of Public Law 101-574 incorporated into the Small Business Act requires that agency contracts be directed solely to small business manufacturers under set-aside provisions. This requirement is commonly referred to as the Nonmanufacturer Rule. The Small Business Act also contains provisions that allow the Administrator of the U.S. Small Business Administration (SBA) to waive this requirement when there are no small business manufacturers or processors available to supply the product to the Federal Government.
WBC – Women’s Business Centers or Women’s Business Center Each women’s business center provides assistance and/or training in finance, management, marketing, procurement and the Internet, as well addressing specialized topics such as home-based businesses, corporate executive downsizing and welfare-to-work. All provide individual business counseling and access to the U.S. Small Business Administration’s (SBA) programs and services; a number are also intermediaries for the SBA’s MicroLoan and Loan Prequalification programs. Each WBC tailors its programs to the needs of its constituency; many offer programs and counseling in two or more languages.
WBOR – Women’s Business Ownership Representatives Representatives in the U.S. Small Business Administration (SBA) offices to assist women business owners.
WNET – Women’s Network for Entrepreneurial Training Women’s Network for Entrepreneurial Training, is a program of the U.S. Small Business Administration’s (SBA) Office of Women’s Business Ownership. WNET matches successful entrepreneurial women (mentors) with women business owners whose companies are ready to grow (prot?©g?©es).
WORD PROCESSING Is the efficient and effective production of written communications at the lowest possible cost through the combined use of systems management procedures, automated technology, and accomplished personnel. The equipment used in word processing applications includes but is not limited to the following: Dictation and transcription equipment, automatic repetitive typewriters, visual display text editing typewriters, keyboard terminals, etc.
WORKERS’ COMPENSATION A state-mandated form of insurance covering workers injured in job-related accidents. In some states the state is the insurer; in other states insurance must be acquired from commercial insurance firms. Insurance rates are based on a number of factors including salaries, firm history and risk of occupation.
WORKING CAPITAL Cash and short-term assets that can be used for current needs – bills, etc.
WORKSHOP A brief seminar in a specialized field. The U.S. Small Business Administration (SBA) provides a number of online workshops to assist you in franchising, marketing, and developing business plans.