Role of female entrepreneurs in a changing society

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December 24, 2022
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Over the past few decades, there has been a significant increase in female entrepreneurship. More women are choosing to launch their businesses and participate in the world of business creation, one of the rapidly expanding facets of entrepreneurship globally. But in the past, women who made these choices encountered several barriers and resistance in terms of treatment, financial support, and juggling job and family obligations. Additionally, prior studies on female entrepreneurship and how it relates to societal change demonstrate that the development is influenced by external elements including governmental institutions, attitudes, and fundamental assets.

The goal of this study was to emphasize the fast changes that society has seen over the past few decades, what those changes signify for female entrepreneurs, and their current position in that society.

Semi-structured interviews, the basis of this qualitative study’s empirical findings, are based on an inductive methodology. The technique is based on Gioia’s (2012) approach with the aim of spotting trends and themes that can lead to insightful conclusions about the subject at hand.

DIFFICULTIES IN WOMEN’S ENTREPRENEURSHIP DEVELOPMENT

In India, female entrepreneurs face numerous challenges. Women who run large businesses are quite rare. The majority of their work is in small-scale industries. They encounter numerous difficulties starting and operating of business, and most of the issues are related to management and money.

  1. Social behavior: This is thought to be the biggest hurdle standing in the way of female entrepreneurs. Despite the equality guaranteed by the constitution, discrimination against women is more pervasive. Women do not receive equal treatment in a culture that is controlled by men. This is particularly true in India’s rural areas. Rural women are capable, but they rarely receive proper training. It’s a prevalent misconception that a female loses her skill when she marries. As a result, girls continue to work as domestic servants and artisans, and their inflexible attitudes hinder them from starting profitable businesses that rely on them.
  1. Education luck: In India, over 3/5 of women, or 60%, are still illiterate. The main factor causing social and economic issues is illiteracy. Women are less educated, and the education they do have is of poorer quality, therefore they lack market, business, and technological skills. Low achievement motivation among women is also a result of a lack of education. The establishment and operation of businesses are greatly hampered by the lack of education.
  2. Limited mobility: Women’s mobility in India is less than that of men. She’s not inside travels frequently and spends more time away. Her range of motion is so limited. This has effects on business as well.
  3. Family connections: In India, taking care of the family’s children and other members falls primarily on the shoulders of the women. Women’s participation in the workforce is considered as requiring the support and permission of their spouses.
  4. Intense competition: Women entrepreneurs typically lack well-established organizations and a significant budget for advertising and canvassing. As a result, they must compete fiercely with both of their male counterparts to sell their products; this competitiveness ultimately leads to the closure of women-owned businesses.
  5. Financial issue: Since women entrepreneurs typically do not own property in their names, they face financial difficulties.
  6. Gender differences: As with other entrepreneurs, women face a lack of working capital and enough financial resources. Gender has long been a key topic of discussion for entrepreneurial activities. Due to their inability to offer concrete assurance, the lead has limited access to outside finances. Additionally, banks have adopted a pessimistic outlook when offering credit to female business owners. Due to this, female business owners are compelled to rely on their funds and loans from family and friends.

DEVELOPMENT OF WOMEN’S ENTREPRENEURSHIP STRATEGY

Some psychological and sociological modifications must be made in the system to encourage women to shed their conventional roles and obligations.

  • Women must work more to influence people’s attitudes and advance their status in society at large.
  • Women must be encouraged to act appropriately and at the appropriate moment.
  • Women who are successful in business must give their all to support other women in starting and maintaining their enterprises.
  • All female business owners should band together and form cooperative societies to ensure the smooth operation of their respective sectors.
  • It is necessary to promote women’s entrepreneurship as an essential and valuable element.
  • It is occasionally necessary to document research and applications on women entrepreneurs.
  • Government policymakers need to reassess their plans for encouraging women to pursue entrepreneurship and higher education.
  • Women should be informed of the many lending options, financial incentives, and subsidies available.
  • Constant reinforcement is needed to ensure the development of women entrepreneurs.

CONCLUSION

Due to industrialization, urbanization, globalization, and educational progress, women are now pursuing productive engagement in a variety of professions. Entrepreneurial women will be able to make money and achieve financial independence. since social Women who network will gain self-assurance, awareness, and the capacity to mobilize environmental support. In addition to the women’s health, education, and skill levels improving, this will also enhance the women’s living conditions since they will be able to use cleaner fuel, better homes, better sanitation, amenities, and infrastructure resources.

 

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9 Things To Look For in A Co-working Space

Coworking spaces have become increasingly common these days—and for good reasons. They offer unbeatable perks to entrepreneurs, remote staff, startups, and SMEs. Aside from fueling creativity, communication, and collaboration, it provides its members unique flexibility of office spaces that enables them to scale up or scale down with ease.

How to Get Coaching Clients Online

A lot of coaches start by getting clients via word of mouth and referrals. But after a while, you want to grow beyond that. Unfortunately, a lot of coaches end up really overwhelmed when they try to market themselves online.

How to Open Your Own Coffee Shop: From Idea to Realization

There’s something very romantic about the idea of running a coffee shop. In addition to being the drink of choice for 64% of Americans, it can also be a great business opportunity.

How to Grow Your Women-Run Florida Construction Business

How to Grow Your Women-Run Florida Construction Business

The challenges faced and conquered by women in the construction business world serve as a testament to the power of perseverance and the ability to turn obstacles into stepping stones. If you’re running a female-owned business, it’s crucial to celebrate the progress made and continue to champion the cause of women in construction. It’s also important to be proud of what you’ve achieved so far and to continue to dream big. Good luck!

Legal Essentials for Online Entrepreneurs: Insights from Business Lawyers

Legal Essentials for Online Entrepreneurs: Insights from Business Lawyers

The blog “Legal Essentials for Online Entrepreneurs: Insights from Business Lawyers” offers crucial advice for online entrepreneurs. Business lawyers provide insights on vital legal aspects, such as forming a business entity, protecting intellectual property, drafting contracts, and complying with online regulations. Understanding these legal essentials is essential for safeguarding the business and avoiding potential legal pitfalls that could arise in the digital marketplace.

Nyago Michael Emmanuel

Nyago Michael Emmanuel

We invite many people who can invest in our Akiba Ya umoja community benefit savings and investment group of Uganda to enable us expand our operations in Uganda

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Recent Posts

How to Avoid Delays When Delivering to Customers

How to Avoid Delays When Delivering to Customers

In today's competitive business landscape, delivering products to customers on time is not just a courtesy; it's a necessity. Delays in delivery can lead to dissatisfaction and harm a company’s reputation, especially for female entrepreneurs who are striving to build...

Work Remotely Without Working from Home

Work Remotely Without Working from Home

Working from home offers a unique blend of comfort and convenience, creating a workspace that is both personal and professional. Your home becomes a versatile canvas where productivity meets comfort, and your creativity flourishes in familiar surroundings. From the cozy corner of your living room to a dedicated home office, the possibilities are endless. With the freedom to choose your workspace, you can design an environment that suits your workflow, whether it’s the tranquility of a quiet room or the vibrant energy of a sunlit nook. Working from home provides the flexibility to customize your surroundings, making it the ideal place to turn your aspirations into accomplishments.

Why You Need to Avoid Overworking Yourself

Why You Need to Avoid Overworking Yourself

The demanding landscape of entrepreneurship often celebrates burning the midnight oil as a pathway to success. While hard work is undeniably critical, overworking oneself can lead to adverse effects that are often overlooked in the hustle to meet deadlines and...

How to Expand the Services Your Hair Salon Offers

How to Expand the Services Your Hair Salon Offers

Running a successful hair salon involves staying attuned to the evolving needs and preferences of your clients. One effective strategy to keep your business thriving is by expanding the range of services you offer. By diversifying your offerings, you not only attract...