Entrepreneurship is an extremely rewarding journey, and several women are now taking the plunge to be masters of this art. According to statistics, around 60 percent of women entrepreneurs depend on their businesses as a primary source of income.
This challenges the orthodox thinking that businesswomen can only run a business that provides side income.
In today's time, women are not only changing the old practices of being an entrepreneur but also excelling at it. These are some factors that influence women to lead the game:
Discrimination At Corporate Levels
A woman is the means of creation in this world and creating organizations is a rewarding one. To be able to create a company from scratch is great. To be in a position of power and excel in that position is the driving force.
Statistics state that men and women are not treated the same way at any organization and therefore to be able to create and grow your own company is an inspiring journey in itself.
Women are stronger than perceived and certainly as efficient and more intelligent than any man. A woman like Oprah Winfrey has proven to be an inspirational and super successful entrepreneur like no man.
Have All The Essentials for success
While women are intelligent and efficient, they are also known to lead with a heart that enables them to create, grow and sustain high-performing teams and businesses.
This quote by Deepak Chopra expresses it rightly – "Women possess some of the most important traits needed to succeed in business: empathy, tenderness, and affection. Without these characteristics, wisdom cannot exist."
Opportunities For Family
When a woman is an independent and earning member of society, the opportunities presented to her family are beyond the standard.
Besides providing and contributing to the family's standard of living, women entrepreneurs also elevate and enrich the lives of their children and upcoming generations. The work that is built by being an entrepreneur enables you to leverage it at the times of need
For women, life has more dynamics and dimension compared to that of a man and entrepreneurship permits them to be able to enjoy each of these facets with ease. From being a wife to a daughter-in-law and a mother, entrepreneurs can enjoy without the burden of being liable for a job.
Clarity of thought and a firm drive – Being a women entrepreneur, it is important to be courageous and strong. They should have a strong intent to burning desire to start and scale their own business. There should be a clear plan which can be driven by pure passion or with a commercial perspective.
Constant investment in learning – If you want to build a six-figure business then constant learning is crucial. A woman should be aware of all the facts and trends going on in their respective industry. To gain maximum knowledge one should attend workshops, seminars, and events as this will help you to stay ahead of the game.
Learn the fine art of knowledge/learning-based networking –Generally, women are more expressive than men, they love to interact and build networks. Building networks is a vital part of scaling business and women are naturally talented in this.
Break "Glass Ceiling" – For centuries, women have been told that they are inferior to men and they can never be as good as men but women should constantly remind themselves that times have changed and women and men are equal in every sense.
Prioritisation – This is one of the major challenges faced by businesswomen as they have domestic responsibilities therefore they have to prioritize their time accordingly. Well, men are beginning to understand that they should also share some domestic responsibilities as it will help their partner to relax.
Turning a "passion" into a "profitable business" – Most women think that a business is just an extension of their hobby but to sustain longer in the business one should have a burning desire to succeed and an undying passion.
Time management – Women have a lot going on in their life so it is important to manage and prioritize your time. Create an everyday checklist and work accordingly.
Delegate more – Delegating your authority is important as it will allow a woman to focus on more important things.
Build a support system – This is the most important factor to overcome any challenge in your life. A support system is all a woman entrepreneur needs. Every woman needs someone who can support her, motivate her, and lift her during dark days. This support system can be your parents, siblings, friends, or life partner.
When you working for yourself, you will need to go beyond your comfort zone to make your life and the lives of people connected to you, and that's when the journey begins.