More and more women are breaking into the exciting world of entrepreneurship, which offers them many benefits. For example, most entrepreneurs enjoy flexible schedules and see huge opportunities for career advancement and financial gain. More importantly, entrepreneurs have more control over the direction their company takes — they can utilize their ideas in a way that is difficult to do in other professional settings.
Despite all these clear benefits to entrepreneurship, men still dominate within the business world, which begs the question: how can we empower women to be entrepreneurs? If you’re interested in exploring this question further, then here’s a look into helping women excel in the business world.
The Rise of The Female Entrepreneur
Entrepreneurship allows you to bring your business ideas to life and pursue what you think it is important. Many women may feel intimidated when starting down the path toward becoming an entrepreneur because it is often thought of as a male-dominated field. While this may be the case, women are starting companies at an unprecedented rate. In fact, they are growing 1.5 times faster than other small businesses, according to Entrepreneur.com. This number may seem low but it is certainly indicative of the rising trend of female entrepreneurship.
How to Empower Women in the Workplace
There are various factors that go towards making women feel more empowered when taking on an entrepreneurial role. For example, there still wage gaps between men and women in the workplace — where women are given fewer opportunities for advancement than their male counterparts. If these issues were better addressed, then women could clearly see the value in their potential — at least within the realm of business.
While there’s no quick fix for pay inequality, women can feel empowered by feeling understood and heard in the workplace. As an employer, be willing to extend opportunities to your employees when they ask for them and be conscious of these issues each time you consider employees for promotions.
Women often have an innate ability to form significant bonds and relationships, which is beneficial to a business because it allows them to network with other professionals as well as with a targeted customer base. By all accounts, modern businesses that rely on forming connections with their customer base have a lot to gain by embracing more women into the workplace.
You Have to Start Somewhere
Overall, women are becoming more empowered and prevalent within the realm of entrepreneurship, and this is a positive thing due to all of the qualities and assets they bring to the table. Some of those assets will be knowledge and experience dealing with franchises and other various business opportunities. These women will learn or have leadership knowledge and bring those needed skills to the table.
There’s no single perfect path to business success — although some may say otherwise. Female entrepreneurs have access to a range of resources to help them succeed in business, from short-term loans to small business grants. The key is in encouraging women to achieve their full potential within their careers. Recognize the benefits of women entering into this sector of business and appreciate the relevant skills that they possess — skills that may have previously been viewed as not applicable.
At Leadership Girl, we’re committed to empowering women’s success in business. Visit our site for more information on our goals and vision.
Resources:
https://onlinemba.marshall.usc.edu/news/the-female-entrepreneur-women-who-run-their-world/
https://www.entrepreneur.com/article/300454
http://www.powerfinancetexas.com/payday-loans/san-antonio-texas/
https://www.fundera.com/blog/where-to-find-small-business-grants-for-women
https://www.franchisegator.com/articles/fixed-vs-percent-franchise-royalty-fees-11952/
https://www.purdueglobal.edu/news-resources/resource-center-women-in-business/
