Check Out Some Of The Hindrances That Prosperous Women Entrepreneurs Had To Defeat
Oprah Winfrey, Marion Ilitch, and Elaine Wynn are just a few of the most thriving famous ladies in America. Not forgetting there many women in America that have established empires but are not in the public eye. Prominent or not, these women have one thing in common. They are now successful female entrepreneurs who did not have a rosy journey in their quest for success. Many successful women have had to subdue a variety of obstacles to be where they are today. In the following brief, we have discussed the hindrances that flourishing female entrepreneurs had to get past.
Controlled access to funds. In the year 2011 to 2013, 97% of venture capital funding was directed towards businesses owned by men. Even though many females applied for capital from commercial banks and other monetary institutions, they were not successful since their applications were not considered. They were turned down since view here they are women. Undoubtedly, America’s public and private sectors have more males compared to females. The dreams of female entrepreneurs perish because learn more they cannot access funding. Those females that keep pushing on must consider other fundraising alternatives like secured bank loans.
Having a work-life balance. You would imagine the perception that a woman’s place is in the house is outdated by now but, we continue to witness more that up-to-date. Kudos to successful women entrepreneurs that got past this societal expectations and established the business is when this perception was rife. It is not easy to balance between business and family especially if you are a woman. You should spare time for your family moreover if you have young children while giving your young business the attention it requires. In as much as the workplace culture continues to change to ensure that women are more flexible, the this world remains a tough place for female entrepreneurs.
Limited chances to interact with other people. Today, you are going to come across a good number of women when you walk into a business event. It has not always been like that. Back in the day, the business sector had many men compared to women. You will consider yourself lucky to come across a handful of women in the conference. That means women that attempted to build a business during this time had restricted access to networking opportunities. It is not that these these women could not interact with their male peers, but you do comprehend that it is not easy to gain self confidence required to interact in a male-dominated event. You tend to feel out of place. Success is not handed to you on a silver platter but a majority of today’s prosperous women entrepreneurs, they had to overcome certain barriers for them to be successful.