As global trends indicate, women are leading a growing number of businesses, and it is staggering to see the increasing number of barriers that women have faced for ages. Yet, only a small proportion of women-led firms make it to the top of this list. It will take time for this to change. As we applaud the increasing role of women in business, we should also remember that this is disproportionately affecting women. Successful female entrepreneurs in India can teach us a lot, as they have carved out a niche for themselves despite discrimination and male dominance.
7 Must Learn Lessons for Female Entrepreneurs
Here are some lessons every female entrepreneur in India should learn.
Don’t Be Ashamed to Ask for Directions
As with anything in life, you can only succeed if you work hard. To succeed, you must give your all. If you do not ask for guidance, you will not succeed. You will get lost along the way since you won’t know everything about the business. Oprah Winfrey, a highly successful female entrepreneur, has a program called Women Who. The company understands the importance of conducting research on your industry ahead of time and being wanting to ask questions and seek assistance when needed.
Focus on Making a Profit
Many female entrepreneurs in India begin their career as hobbies because women are passionate about solving problems. Because we are focusing on solving problems, we neglect the business side. I believe women fail to plan ahead because they solve problems without knowing the long-term outcomes. A successful business keeps us afloat and keeps us in a position to continue solving problems as they grow. Venture capitalists are much less likely to invest in businesses that cannot demonstrate a strong ability to make money.
Build Strong and Independent Team
Families should not prevent women entrepreneurs from running their businesses. It is not fair to force women to choose between work and family life. A work-life balance can be achieved through creating a company culture and building a team. YIt is important to hire people who complement your own abilities so that your team can work independently without constant supervision.
Find Your Passion and Go After It
Those who are ambitious have a passion and perseverance that makes them stand out. They are fighters and hard workers, and they are capable of overcoming difficulties. The fact that Karren Brady is able to rise to the top of her industry tier is because she doesn’t give up when faced with obstacles. Passion keeps you on track and on course towards outstanding performance metrics when the going gets tougher than usual. This is why finding your passion beyond fame or money is every woman’s best friend: Let it guide you when you encounter murky waters in entrepreneurship.
Believe in What You Can Do
American businesswoman Diane Hendricks, a film producer and co-founder of ABC Supply Co, believes self-confidence is both an essential component of success and one of the biggest challenges. I would also encourage you to find work that you enjoy. “If you believe you can do it, then you can,” she advised. “At the beginning, it might not seem difficult, but if you believe you can, you will be able to do it.” Plans and strategies do not work unless you put your best efforts into them and believe that you can accomplish them. At first, you might, not be able to do this; believe you can and do it.” Being successful in business requires trust in yourself, and the only way to achieve success is to believe that you can.
Look for Good Mentors or Idols
Entrepreneurship is a difficult and long journey. You will face many obstacles as a female entrepreneurs in India, which are much greater than those that affect your male counterparts. During such nerve-wracking and demanding times, a mentor or guide will be of assistance when you think you are about to lose hope. Mentors give advice, provide perspective to your actions, and help you stay humble. The people around you should inspire you to achieve more every single day. You must surround yourself with people you can trust and who will protect your interests, whether they are financial or emotional.
Be Assertive
Most women are afraid to speak up for what they want or deserve out of fear of being judged or shamed. Assertiveness and dominance are traits that distinguish good leaders. You should be allowed to be bossy and speak your mind freely because your time, efforts, and skill are worth that much.
You should always stand up for yourself and never let anyone underestimate you as a female entrepreneur. The fear of turning singled out or labelled is deeply ingrained in women from an early age. While women-led companies are growing rapidly, the percentage of them making the top of the list is quite small. It might take some time for that to change. However, as we applaud the increasing role of women in business, there is still room for improvement. Successful female entrepreneurs in India can teach us a lot, as they have carved out a niche for themselves despite discrimination and male dominance. Being assertive and self-confident, standing up for yourself when needed, and letting others know you will not compromise is key to success.
