POSSIBLE CHALLENGES FACED BY FEMALE ENTREPRENEURS TODAY
March 12, 2019
This is a popular topic among female entrepreneurs, and it is just right that we talk about it. Female entrepreneurs are increasing at a surprisingly fast rate. But the fact remains that, whenever a woman starts an entrepreneurial venture, she is faced with challenges compared to her male counterpart.
However, times have changed though, and currently, women are at the helm of businesses despite the challenges. Below are some challenges faced by Female Entrepreneurs.
Balancing between Life and Work: Female entrepreneurs are mostly faced with the challenge of balancing between life and work demands. Challenges that comes with child birth, raising kids and handling households are very distressing while running a business.
Defying social expectations: When a female entrepreneur talks about business with a male executive, it can be unnerving. Women may feel as though they need to adopt a male attitude towards business. Most female entrepreneurs who have attended networking events can relate to this factor. Most male counterparts have something else in mind without genuine support.
Emotions: In general, women are more emotional than men, and emotions spoil business deals. This factor also stands as a hindrance when making critical business decisions.
Facing male dominated mindset and bias: The dominated mindset of male deprive and restrain some female entrepreneurs. As a female entrepreneur, you need to be more resolute if you want to be successful in such conditions.
Women tend to push themselves too hard: Most female entrepreneurs tend to overextend their effort in quest to show male counterpart and others that they can make it. In the process of trying to impress others, you might lose focus of yourself as an entrepreneur. But the case is that, you need to know how to prioritize and also learn how to manage time and resources well.
OTHER CHALLENGES INCLUDES:
Not building a support network.
Struggling to be taken serious.
The fear of failure.
Lack of equal opportunities in some sectors.
Dealing with limited access to funding.
BELOW ARE SOME POSSIBLE WAYS YOU CAN OVERCOME THESE CHALLENGES AS A FEMALE ENTREPRENEUR:
Be yourself, and be confidence in your abilities.
Through hard work and perseverance.
By working to get more female investors in your business.
Join varieties of women entrepreneurship group.
Find ways to devote time to both business and family.
Stay focused and overcome your negative self-talk and self-doubt.