On paper, factors have never looked much better for female business owners. Actually, more than 11 million U.S. companies are now owned by women, employing almost 9 million individuals and producing $1.7 trillion in sales.
1. Defying social assumptions
Most female entrepreneurs who have gone to networking functions can relate to this circumstance: You walk into a jam-packed seminar and can count the number of women there on just one hand. When female entrepreneurs talk business with mostly male executives, it can be agitating.
2. Working with limited access to finances
Not all beginning founders search for investors to help get their businesses up and running, but those who do realize how hard the pitching process can be. Bringing up capital is much more challenging for women-owned firms.
3. Struggling to be given serious attention
At one time or yet another, almost all women CEOs find themselves in a male-focused industry or work environment that does not want to recognize their authority role. Alison Gutterman, the CEO and also president of her family’s company, had encountered this early in her career.
“As a female business owner in a male-dominated field, gaining respect has been a challenge,” she stated.
This was particularly tough for Gutterman, who experienced presumptions that she was living off her father’s and grandfather’s standing.
4. Creating a support system
Having a strong support network is significant for entrepreneurial accomplishment, so it’s not surprising that 48 percent of woman founders report to
be short of available advisers and mentors restricts their professional progress.
5. Managing business as well as family life
Parent entrepreneurs have double responsibilities to their companies and to their households; finding methods to spend time to the two is key to truly accomplishing that elusive work-life stability.
6. Dealing with a fear of failure
Failure is a very real probability in any business opportunity, nevertheless, Failure also should not be seen as a negative or an explanation for surrendering your goals.
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