The successful businesses run by women know the meaning of a true business owner, “one who runs a business under complete control and risk” is not gender specific, it is not surprising that most entrepreneurs are men.
Many women simply don’t have the time to start a business because women tend to do the bigger part of raising children and running the household!
I had the opportunity to interview some of the women’s conference participants and take a close look at the issues faced by successful women entrepreneurs.
At a recent international conference for women entrepreneurs in Glasgow, the Bank of Scotland presented some of their research studies.
According to the bank, even successful women entrepreneurs tend to: Undercapitalize their organizations at inception; have an aversion to financial commitment funding and are more risk averse than their male counterparts,
And they use a greater percentage of their individual savings within their ministry, both in incorporation and advancement.
They are less aggressive than men in their literacy and understanding of financial products and services, which can impact the funding and growth of their businesses.
This could be exacerbated by banks’ historical reluctance to treat their female corporate customers the same as male customers.
Women-led companies tend to be more service-oriented.
Yes, and therefore have less equity than male services – another factor where banks can hesitate.
Funding is vital to all commerce and of course women-owned businesses, and perhaps managing money is most important for small businesses, whether they are starting up or expanding.
The struggle for adequate cash and financial freedom is constant among business owners.
No wonder money worries are the number one cause of stress and insomnia!
With women-led businesses generating over 39% of start-ups and just over a third of self-employed businesses in Canada being owned or managed by women, the number of women entrepreneurs has increased by just over 200% over the past 20 years.
As a result, more Black women entrepreneurs are looking for ways to expand their networks and strengthen their support systems.
The Women Entrepreneurs of North America of Canada was founded in Toronto in 1992 as a support, opportunity and resource network for women entrepreneurs.
I have found that WEC also nurtures and nurtures young female entrepreneurs in Canada, helping them to achieve and define success on their own terms.
It is important to help promote the interests of successful women entrepreneurs and women in business who are just starting out and women entrepreneurs in the wider service neighborhood.
It helps in the transfer of appropriate knowledge appropriate to WEC members; and works with companies in Canada and abroad, such as B. the National Association of Women Business Owners in the USA.
And the global corporations like it Women in Global Business Leaders and the Italian Association of Female Entrepreneursto provide its members with the best opportunities, resources and practices here.
This is an organization where women can fulfill their lifelong dreams and mingle with other women-owned businesses dealing with similar issues in starting, operating and growing their services.
WEC is a resource that provides a unified voice to the federal government and the public and expresses the issues facing women in business right minded leading edge.
It is suggested that more young women entrepreneurs do research and study to create more opportunities for Black women entrepreneurs while updating exactly what is being learned about women’s organizations.
And in regards to maternity leave – as women-owned companies are working to get exactly the same benefits as for their employees as they want to be treated.
There is the ‘what could be done’ to level the playing field and extend that advantage to everyone, as is the case in Finland for example?
It’s like that Course in Miracles teaches: “The true expansion of self and one’s true free will is leading to an awakening worldwide.
There are many organizations that help women-owned businesses convey a confident and refreshingly positive message about women’s prospective customers, and it’s gratifying that the message is being heard.
I challenge every woman in business, especially young entrepreneurs, to learn more about self-confidence as an entrepreneur.
This leads us to wonderful tips for women-owned businesses and nurturing young female entrepreneurs.
Many aspiring women-owned companies, business leaders and other professionals usually forget that they actually have two jobs – the very first is to do exactly what they make money for (and do it much better than men).
The other is to be proactive about their career path and do exactly what’s needed to ensure their upward mobility isn’t really dependent on others — particularly those who notoriously subscribe to the “old boys club” mentality that may or may not work to their benefit.
The following “secrets”, accumulated through my solid background as both an entrepreneur and a consulting organizational professional, help female professionals to better manage their road to success:
Understand the “circle of successful women entrepreneurs”.
A typical suggestion for women-owned companies is that they spend a lot of time getting to know their staff and working side-by-side with them to make sure each employee has what they need to be productive .
While this concept is well-intentioned, it does not offer maximum benefit to all parties involved.
Rather, it’s more important for female managers to hang around and help their employer look competent at every opportunity.
When he understands that you are able to help him/her be successful, you and your group will have more time, attention, and resources to achieve optimal productivity.
Many women-owned companies cite male stereotypes and prejudices about female “appropriate” roles and skills as a key obstacle to their development.
It is crucial for women to assess where a male employer stands compared to female professionals.
Previously, I talked about the fact that women’s insecurity problems can be cured quickly and be a confident woman.
This can be done by analyzing his male vs. female promotion record, his balance or lack of interactions with female vs. male employees, and whether his interactions with female employees are strictly professional and not just silly or flirty babble about their household.
How we sound (ie the unique characteristics of the voice such as pitch, volume and intonation) plays a crucial role in how women are seen.
Additionally, many women tend to express their opinions, objections, or recommendations as a question rather than positively and confidently stating their opinion as an explanation.
In a work context, women should rule the ground so that their fantastic ideas don’t get left behind.
As many of us still associate our temperament, speaking and appearance abilities with our overall abilities, this remains a major challenge for women who have other or physical stereotype-based traits that are tough.
But like people like that Course in Miracles teaches us, “The ego knows how to sneak in through the back door and start projecting judgment based on fear and self-doubt.”
That means it may be impossible to make changes, e.g. E.g. height or weight, blonde hair color or just a high-pitched voice.
This subjectivity is even worse for young female entrepreneurs, as society in general is more able to accept men with deficits than women.
Regardless of these obstacles, condition yourself to present yourself with the best posture, speech, and gestures in a reliable and confident manner, and to wear clothing that will help your female-led business thrive.
To really differentiate yourself and get that crucial promotion, young outside entrepreneurs or internal female leaders should make sure they are in the workplace when their employer is in the office.
If he’s actually decided that it’s important to be there after hours, on the weekends, or early in the morning, being there at the exact same time is entirely to your advantage.
Even in the age of so-called gender equality, women must take every opportunity to differentiate themselves in the work environment.
It is important that those who are able to advance a woman’s career in any way know who she is and what she has achieved.
Effective service reps understand the importance of letting others know about their successes and use the appropriate method to do so.
Ladies don’t need to wait to be spotted while slaving away at work, rather develop the ability to talk tactically about their accomplishments in the work environment.
Far too many employees around the world are bored and disinterested, which negatively impacts their performance and creativity.
It’s time for the world’s corporate leaders to reengage and invest more time in acting as leaders, not bureaucrats.
The women-led companies must capitalize on this innate ability whenever possible, as such sincere management ensures everyone is focused and committed to reaching the finish lines.
(I always suggest searching the web for related information that is a discussion of how to be a confident woman full of feminine confidence today. A good conversation might be should you have a life coach, yes or no?)
For your success in life!