If we talk about the scenario in India, female entrepreneurs are expected to not only run a full-time business but also to keep a home. Although the current scenario of women-owned businesses is healthier now than it ever was in the past, there are still obvious inequalities that women entrepreneurs face. An entrepreneur needs strong capital, excellent social networks, and efficient legal support to help kickstart the business, whether big or small. But what is harder than being an entrepreneur is being a female entrepreneur. This particular time set aside to take care of yourself will have a positive impact on your work and lifestyle.īeing an entrepreneur is hard. It could be as small as a lunch break during office hours or something bigger like a vacation.
Take breaks to avoid frustration and burnout. Otherwise, your job as an entrepreneur will inevitably become more difficult. Follow your routine religiously – do not skip meals, eat on time, take out time for exercise, and sleep enough. It is very important to be empathetic, encouraging, and empowering in your entrepreneurial endeavours.Ī healthy work-life balance can improve your physical, emotional and mental health. Whether it’s continuing to master a talent or learning a new one – continued learning builds possibility for improvement, new thoughts, and opportunities. Running a successful business should not be an ego trip. The moment that an entrepreneur stops wanting to learn new things is the moment problems arise. Learning is something that no entrepreneur should ever cease to do. It may sound scary but you need to be extremely careful of debt – this is one of the biggest killers of business dreams. Having a financial backup is very important – it could be done by planning a budget and setting up a time every month to review the financials. Knowing how much money your business can spend can help you prioritize what’s most important. To be successful, one would require business agility, with the desire to learn and adapt to new procedures or technology that can take their business to the next level.Ĭash flow is by far the biggest challenge for several entrepreneurs, not just women but men too. Always remember, everyone loves a company that understands their changing needs and trends. – all who will be assets in different ways. Your target audience is not just the customer, but your employees, peers, influencers, etc. Several entrepreneurs often build companies, products, and brands without defining their target audience. Having a deep and ever-evolving understanding of your audience will help you make effective decisions. One of the things you will need to keep consistent is your understanding of your target audience. Whether you’re itching to take the very next steps in the business world or are already an established businesswoman, these mantras will definitely help you achieve success.
We can see tremendous growth in small and medium-sized enterprises (SME), run by natives as well as expats.įrom my experience of running multiple successful ventures, here I present to you six tips that truly worked for me. A quick look at the Forbes 50 Most Promising UAE Start-ups reveals women leading some of the most prominent new businesses in the region. Like India, in Dubai too, there has been a surge in women entrepreneurs and funding for new businesses. Women today dare to take the plunge they prefer to be their own bosses and want to change lives and transform society. Predictions are that this number will go up to $28 trillion in the next few years.Īs a female entrepreneur myself, with roots in India but based in Dubai, I could safely say things are changing. Research also shows that women now account for 41 per cent of the global workforce and control more than $20 trillion in annual spending. Added to 153 million women who have already been running businesses, we can see the impact of women on business. If we go by the statistics, according to the latest Global Entrepreneurship Monitor report 252 million entrepreneurs out of approximately 582 million in the world are female. The good news is despite all the odds, women in India and around the world have tried to shed this traditional mould and are making their mark as successful businesswomen.
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