Benefits of Women Entrepreneurship

Benefits of Women EntrepreneurshipJump to Advantages of distaff Entrepreneurs Disadvantages of Female person Entrepreneurs Ch whollyenges for Female Entrepreneurs intentions to founder Female Entrepreneurs Leading Female Entrepreneurs in India Differences between Male and Female EntrepreneursWomen constitute around half of the marrow world population. So is in India also. They argon therefore regarded as the better half of the society. In tralatitious societies, they were confined to the four walls of houses performing household activities. In modern societies they soak up come out of the four walls to participate in all sorts of activities. The spherical evidences provethat women hold been performing exceedingly well in diametrical spheres of activities equivalent academics, politics, administration, social action and so on. Now they deliver graveled plunging into application also and rail their go-aheads successfully. Therefore objet dart discussing on entre preneurial outgrowth of women entrepreneurs in the country.Al through work outty coursees professed by women capture customsally focused on fashion , fond and opposite work sector, but recently women entrepreneurs deport been moving rapidly into manufacturing, construction and some former(a) industrial filed. Women owned personal credit line atomic lean 18 lightly increasing in the economics of almost all countries. The hidden entrepreneurial potential of women keep back gradually been changing with the growing sensivity to the role and economic status in the society. It means women have the potentials, skill, intimacy and adaptability to run a vocation successfully. marrow And DefinitionsWomen entrepreneur is a person who accepts challenging role to meet her person-to-person need and become economi endurecely independent. There argon economical, social, religious, cultural and other factors existing in the society which responsible for the emergency of the ent repreneurs.Women entrepreneur refers as to someone who has started a one women line to someone who is a tether in family occupancy or partnership or to someone who is stockholder in a public company which she runs.The Government of India has defineda women entrepreneur is an enterprise owned and controlled by a women having a stripped-down financial interest of 51% of the capital and giving at to the lowest degree 51% of the employment generated in the enterprise to women .Advantages Of Female EntrepreneursSocial Networking.Lets organization it-women are natural networkers. They love to talk, mingle, and rub elbows. This is the very reason wherefore hubbys rarely ever manage the social calendar. In todays business environs, get the hang social media is mandatory, and the ladies absolutely have a leg upIntuition.They call it womens intuition for a reason. Women in general empennage size up a nonher person much faster than her male counterpart. In todays ultra-fast paced business environment, you need the ability to quickly identify the allies and the enemies. Regardless if you are a male or young-bearing(prenominal), you need to trust your gut.Pain Tolerance.Okay, ab initio I would have said this is irrelevant. But after watching my children be born(p), there is no question that my wife can handlea lot more pain than I can. And I am not just talking physical pain, I mean emotional, too (have you seen how kindling children can be on their mothers?). In business, there are a lot of painful moments. A lot. Women definitely have an advantage in this area.Multi-t intercommunicate.Women are known for juggling many tasks at the same meter and button up being able to produce excellent results. Conversely, the guys are get the hang at focusing on one thing. Still, the advantage in todays distracting environment goes to women.Patience.Women inherently seem to have more patience. And in todays business environment, patience is tell Aggressive busines s strategies are not paying finish off like they once did. Slow and steady wins the race in this category.Listening.A friend of mine went to buy a new(a) bed at a small bedding store owned by a husband and wife team. The female owner approaches my friend and asked all kinds of questions near why they needed a new bed, if they could fix their old bed, what else they were considering, and so forth She asked questions and listened c regressly. She clearly showed that she cared about helping to meet their needs. My friend was moments away from purchasing any bed that she recommended. But just then, the frustrated husband on the sales team ran up and said let me handle this. and so he just tried to hard close the sale. He was pushy, impressive them what he recommended and what they had to have. Guess what? The sale was lost the second he began disquisition They walked out. I am sure he blamed her, but it was him. The key is to ask questions and really listen. Quite frankly, any gr tucker out sales person knows this, man or charwoman, it just seems that the ladies are naturally better at doing it.Problem/Disadvantages Of Female EntrepreneursWomen Entrepreneurs encounter two sets of problems i.e. general problems entrepreneurs and problems specific to women entrepreneurs. These are discussed followsFinanceFinance is regarded as life blood for any enterprise be in big or small. However women entrepreneurs suffer from dearth of finance on two counts. Firstly women do not for the most part have property on their names to use them as confirmative for accommodateing funds from external sources. So that access to the external sources funds is limited. second the banks also consider women less credit-worthy and discourage women barrowers on belief that they can at any time leave their business.Scarcity Of Raw Materials more or less of the women enterprises are plagued by the scarcity of gross real(a)s and necessary in rates. Added to this are soaring prices o f raw materials, on the one hand and getting raw material at the minimum of discount on the other. The failure of many co-operatives in 1971engaged in based making is example how the scarcity of raw material sounds the death knell of enterprises run by women.Male rule SocietyThe constitution of India speaks of equality between sexes. But in course session women are looked upon as abla i.e.Weak in all respects. In male dominated Indian society, women are not treated equal to men. This frolic serves as a barrier to women entry into business.Lack Of EducationIn India around 60% of women are still illiterate. Illiteracy is the root crap of socio- economic problem. Due to the overleap of education women are not apprised of business, technology and market knowledge. Also lack of education causes low action motivation among women.Market Oriented RiskA number of women have to typesetters case the repugns of market because of stiff competition. Many business women find it nasty to capture the market and compete with their product. They are not fully cognizant of the changing market conditions.Motivational Factors.Successful businessmen can be self motivated through setting up a mentality and taking up risk and accepting social responsibilities on shoulder. The other factors such as family support government policies financial assistance etcetera are also important to set up business.Lack of relianceWomen lack confidence in their strength and competence. The family members and the society and reluctant to indorse beside their entrepreneurial growthTraining ProgramsTraining programs are essential to new rural and young entrepreneurs who wish to set up a small and medium scale unit. The programs enrich the skill and potential of women entrepreneur.Present attitude Of Women EntrepreneursOut of the total 940-48 million people in India in the nineties of the female comprise of 465% of the total population. There are 126.48 million women work force (representi ng 28.9% of the female population) but as per the 1991 census only 185900 women business relationship for only 4.5% of total self employed personsin the country were recorded. majority of them are engaged in the un organized in the unorganized sectors like agriculture, agro based industries, handicrafts, handloom and cottage based industries. As per the 2001census report, there are of women workers of the total working population including formal as well as wanton sector. In the era of L.P.G (Liberalization, Privatization, Globalization) theIndian women entrepreneurs are very fast come in the non -traditional sectors. Which indeed is in response to their greater awareness.Five Business Challenges Women Entrepreneurs memorial tablet and How to all overcome themCultural ValueThe first entrepreneurial challenge women entrepreneurs face is that of cultural value or tradition. This challenge is more profound on women entrepreneurs in Africa where the cultural value entails that t he man/husband be the profit winner. A woman exhibiting her entrepreneurial prowess is presumed as wanting to consent over the leadership role of the husband.This challenge also surfaces in families where the husband/father is an entrepreneur. The male children are usually groomed on racecourse the family businessand carrying on after the demise of the father bit the female children are usually left out of this entrepreneurial grooming process.To suppress this entrepreneurial challenge,you must be prepared to breakthrough this limiting tradition you must stick to what you believe in.Societal DiscriminationThe next challenge women face in business is societal diversity. Most people still live with the mentality that legitimate businesses or tasks are better handled by men.Have you ever come across a female political machine mechanic, plumber, mason or welder? What was your first reaction?You must have screamed what the blazing is a woman doing with such occupation. Well, I h ave done it unlimited times. The truth is that we very much assume women are generally incompetent in certain fields of life. People would rather deal with a business man than a woman. Why? The reason is because its believed that the men are born to do it.You might think this challenge is uncommon wait until you lose a business deal or contract just because you are competing with male counterparts. The only solution to handling the challenge of societal discrimination is to develop a tough skin towards criticism. Stop seeing your maidenly gender as a weakness see it as a strength, and prove yourself by striving to outperform your male competitors.Lack Of Investors impudenceThe third challenge women entrepreneurs face when starting a business is the challenge of raising capital. Investors naturally give less consideration to business women and I cant really pinpoint the reason for this. Its easier for business man to scold capital than a woman except such a woman has proved her competence and credibility over time. Women entrepreneurs generally find it sticky to raise capital or obtain a bank give because investors and bankers would rather risk their venture capital with male entrepreneurs than females.Now how do you overcome such challenge? The answer is persistence. You must keep asking for what you wantirrespective of the amount of rejections you get. You must press on while selling yourself on why you should be trusted.Balancing Business And FamilyThe fourthly business challenge women entrepreneurs face is that of balancing business and family. Women naturally are the backbone of the family they lay the geting blocks on which the family foundation is built. So often times, women entrepreneurs usually find themselves torn between commitment to the family and business.Now how do you handle such challenge? The answer lies intime solicitude and delegating. These two keys areessential to balancing your act and building a successful home alongside a fa mily.Stress Due To arguing And Business RoutineThe last but not the least challenge women face in business is the stress and stiff competition associated with running a business.The entrepreneurial process of building a business from surface entails hard work, commitment and persistence. Business is a game of dog eat dog to survive, you have to be tough.As a woman in business, you might find yourself going head to head with competition and fulfilling your business tasks and this might lead to fatigue. When confronted with such challenge,you have to use the art of delegation and time management to your advantage. Get the tedious business tasks off your cervix and concentrate more on the core issues at hand.How to Develop Women Entrepreneurs just efforts on from all areas are required in the ontogenesis of women entrepreneurs and their greater participation in the entrepreneurial activities. Following efforts can be interpreted into account for effective development of women entrepr eneurs.Consider women as specific ass group for all developmental programmers.Better educational facilities and schemes should be broaden to women folk from government part.Adequate training programmed on management skills to be provided to womencommunity.Encourage womens participation in decision-making.Vocational training to be all-embracing to women community that enables them to understand the production process and production management.Skill development to be done in womens polytechnics and industrial training institutes. Skills are ordain to work in training-cum-production workshops.Training on professional competence and leadership skill to be extended to women entrepreneurs.Training and counseling on a large scale of existing women entrepreneurs to remove psychological causes like lack of self-confidence and fear of success.Counseling through the aid of committed NGOs, psychologists, managerial experts and technical personnel should be provided to existing and emerging women entrepreneurs.Continuous supervise and improvement of training programmers.Activities in which women are trained should focus on their marketability and profitability.Making provision of marketing and sales assistance from government part.To win more passive women entrepreneurs the Women training programmed should be organized that taught to recognize her own psychological needs and express them.Leading Business Women In IndiaChanda Kapoor administrator DirectorICICI Bank.EktaKapoorCreative DirectorBalaji TelefilmsJyoti NaikPresidentLijjat PapadLalita .D. GupteJt.ManagingDirector (MD)ICICI Bank.Preeta ReddyManaging Director(MD)Apollo infirmaryRashree PathyChairmanRashree Sugar and Chemicals Ltd.Ravina Raj KohliMedia Personality and Ex- PresidentStar NewsRenuka Ramanath chief executive officerICICI VenturesTarajani VakilFormer Chairman and MDEXIM Bank.Ritu NandaCEOEscolife devices for Women Entrepreneurs1. Seed Capital Scheme2. National Equity Fund3. Prime Ministers Employmen t Guarantee Scheme4. Single Window Scheme.5. Bank Schemes for Women Entrepreneur6. Mahila Artik Vikas MahamandalWhat Makes Women Entrepreneurs Different from Men?Over the past few years, there has been a surge in business startups by female entrepreneurs. Today Im going to discuss how the way women run things may be a bit different from how men acquire the game.Strong Focus On ValuesIts not that men dont put values in the front lines of their company, but most women entrepreneurs make it the number one priority over everything else. According to Margaret Heffernan, who recently wrote How She Does It How Women Entrepreneurs Are ever-changing the Rules of Business, women think about what their business will stand for before they start planning anything else.Will Ask For HelpMany men (not all) have difficulty asking for help when it comes to something like their very own business. presumption can sometimes get in the way. But most women dont have a problem admitting that theyre not sure how to accomplish a certain task or what needs to be done next in the building-a-business game. This can sometimes provide an advantage in a well-spring of knowledge from sources that help ground their business more quickly.Focused On The running(a) EnvironmentAccording to Heffernan, male entrepreneurs see their businesses as a machine, while female entrepreneurs see it as a living organism. I can see where shes coming from. Men may be more promising to take the position that bad parts (employees) can easily be replaced with new and better functioning ones. Many male entrepreneurs may throw the fact that the parts are going bad because the machine as a altogether is not in great condition. Some may take the position that a new employee here or there will help to make the business function better, rather than examining the whole business under a microscope to see if there may be underlying problems.Women entrepreneurs tend to be on the other end of the spectrum with the off ice that, if the environment their employees are in isnt working, then the entire ecosystem of the business, if you will, could collapse. Basically, women entrepreneurs focus more on making sure the work environment is comfortable to obtain the best performance from their employees, rather than expecting the best from their employees despite the work environment. competency Of The BusinessWomen entrepreneurs tend to focus on building a business so strong that it could function completely and successfully without them. Men build strong businesses, but often want to make sure they are always part of the central element that keeps things going. According to Heffernan, women entrepreneurs are more like the conductor of the symphony the person who doesnt make the noise, but pulls it all together.