5 Challenges That Women Entrepreneurs Face

Overtime, we have seen women entrepreneurs start businesses and risen to the pinnacle of success. In today’s world, more female entrepreneurs are emerging with new businesses. But despite the increasing number of the female counterpart in the business world, they still face so many challenges depriving them of coming top in the business world. In terms of business, there are already women who are taking the lead. Women have some unique characteristics that have still been able to keep most of them in business, adaptability, innovativeness, creativity, strength, accountability, managerial skills and credit risk. But despite these qualities they still face some challenges.

Listed below are some of the challenges that women entrepreneurs face:

1. Lack of family support: The man is believed to be the bread winner of the family, leaving the woman to just domestic chores. If the woman is seen doing some sort of work, she is believed to be taking the position of the head of the family. Family feels that if you become successful you might lose interest in home and family thus affecting your personal life.
2. Lack of access to finance: Another major challenge women entrepreneur face is not able to access enough capital to start up their business. Most banks and investors don’t give women capitals to start up a business because of their lack of trust in them to pay back.
3. Emotions and wanting to please everyone:.Women are more emotional and this sometime hinders a women ability to take tough decision. Women appreciate the importance of relationship but to achieve their goal they have to be direct and not let emotions empower their aims and goals for their business.
4. Afraid of Failure:.Women tends to be afraid of failure due to which she hesitate in taking tough decision or task that requires risk taking. You need to have massive failure to have massive success. Never be afraid of failure. To become successful one has to experience failure and should not hesitate in taking risk. Work hard at ignoring that inner voice that may discourage taking action, speaking up or getting outside your comfort zone.Be confident in your work and success will follow you.

5. Maintain Balance between Home and Business: Having to raise your children and also maintain your business is a very challenging task. Try and maintain a balance between your household responsibilities and managing business. Change Management Training

A woman has to overcome these challenges and believe in herself that she can do any task to become a successful women entrepreneur in their organization thus proving the society that a women can handle the business in the same manner as a man handles and become an important asset for her organization.Remember that gender, age, race, religion or personal beliefs arenot criteria for success. Most important is having a good plan and being determined to succeed, even in the face of failure.

Blanchard Research and Training India LLP is the India partner for the Ken Blanchard Companies. The Ken Blanchard Companies is a global leader in workplace learning, productivity, performance, and leadership skills training. We help companies improve their performance, productivity, and bottom-line results.