Explain
the Women entrepreneurship.
Answer:
Women
Entrepreneurs:
It may be defined
as a woman or group of women who initiate, organise and run a business
enterprise.
Definition:
“Women who innovate
initiate or adopt business actively are called women entrepreneurs.”
J. Schumpeter
“Women entrepreneurship
is based on women participation in equity and employment of a business
enterprise.” Ruhani j. alice
Qualities of Women Entrepreneur
1)
Accept
challenges
2)
Ambitious
3)
Hard
work
4)
Patience
5)
Motivator
6)
Adventurous
7)
Conscious
8)
Educated
9)
Intelligent
Functions of women entrepreneur
There are basic four functions of women entrepreneur
Ø Planning:
Planning is the most important function of
entrepreneurship. Women entrepreneur planning the all procedure or management
to complete tasks of the business. the women entrepreneur cannot be run without
planning.
Ø Organizing:
Organizing is also an important function of women
entrepreneurs that what, when and how to do. If the business cannot be run
without organizing of all procedure of business.
Ø Decision making:
Decision-making is a very difficult function of women
entrepreneur. In case of any problem, the good decision plays very important
role. The wrong decision can make the obstacles to achieve the business goals.
Ø Risk Bearing:
Every business includes some portion of risk. However,
women entrepreneurs have risk taking capacity. They calculate different types
of risks such as financial risk, social risk, psychological risk etc. They
handle risks by gathering information.
Psychosocial
barriers:
1)
Poor self-image of women
2)
Inadequate motivation
3)
Lack of courage and self-confidence
4)
Inadequate encouragement
5)
Lack of social acceptance
6)
Unjust socio-economic and cultural system
7)
Lack of freedom of expression
8)
Afraid of failures and criticism
9)
Susceptible to negative attitudes
10) Lacking
in leadership qualities
Problems
of women entrepreneurs:
1) Defying social expectations
Women may feel as though they need to
adopt a stereotypically "male" attitude toward business: competitive,
aggressive and sometimes overly harsh.
2) Limited access to funding
Women
mostly have limited funds to start business or to continue the business. Mostly
business men are investing in high level of company’s other than women
entrepreneurs.
3) Owning your accomplishments
The
communal, consensus-building qualities encouraged in young girls can leave
women unintentionally downplaying their own worth. a startup that provides
personal storage for events, said she has always found it difficult to convey
her own worth as a leader.
4) Building a support network
Forty-eight
percent of female founder’s report that a lack of available advisers and
mentors limits their professional growth. Most of business today still rings true with the philosophy that
'It's not what you know; it's who you know,' this can be a huge factor
in your ultimate success.
5) Balancing business and family life
It
is also very difficult for women to adjust timing of business and family life.
mostly mothers, who start the business and try to adjust their life between
business and their family is very difficult.
6) Coping with a fear of failures
The fear
of failure is the top concern of women who launch startups. Failure is a
very real possibility in any business venture.
Remedies to solve the problems:
- The Financial
problems can be removed by making Finance cells to provide the financial sports to women entrepreneurs.
- Marketing co-operatives are very
help full for women entrepreneurs to solve marketing problems and increase
the sales.
- Availability of raw
material is also a problem of women entrepreneurs, it can be solving by Suppling
raw material with proper chain system.
- By developing the education
institutions and colleges the lack of Education and awareness can be
removed.
- Training problem can
be removed by developing the training centers for giving Training
facility to women entrepreneurs.
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