Challenges Women Entrepreneurs face
There is a need for more women entrepreneurs, but many women have challenges they encounter. Challenges such as; being indecisive, access to funding and investors, fear of failure, balancing a business and family and importance of networking may affect them. Knowing how they can overcome those challenges can be helpful in being successful. Realizing these challenges and overcoming them will make them stronger and appreciate the difficulties they had to encounter on their journey to becoming a successful entrepreneur. It is very important that these challenges be addressed so that they can prosper in their business.
Women tend to be more indecisive, by needing more time to analyze and reconsider things before …show more content…
The venture capital community needs to find solutions that help women entrepreneurs get better access to capital. Investors usually give less consideration to women versus men in the business field. Some investors are generally skeptical about the seriousness and abilities of women entrepreneurs and women entrepreneurs end up being the ones that suffer from the lack of financial resources and working capital. Senator Maria Cantwell introduced on July 30, 2014 the bill “Women’s Small Business Ownership Act 2014”, which helps promoting women owned businesses with small business counseling, federal contracting opportunities and better access to venture capital. According to Cantwell, she addresses the gender gap in funding by the expanding programs offered by SBA programs that will help women entrepreneurs wanting business loans. (Cantwell, Aug. 20, 2014). Women’s Business Center (WBC, n.d.) offers programs to women that have a difficult time receiving a conventional loan. Women Business Center programs are to help economically or socially women get their businesses up and going with the training they provide. According to U.S. Small Business Administration, “They have nearly 100 educational centers throughout the United States and its territories, which help women with starting and growing their businesses”. (WBC, …show more content…
They are the ones that put the building blocks down for the families foundation, in which women entrepreneurs end up being torn between the commitments require for running a business and also nurturing the family. It is important to have time management skills and self-discipline when running a business and also taking care of the family. This does not have to take your life over, delegating responsibilities to everyone so that you are not the only one doing the job. With time management and delegation, you will be able to balance your business and your
There is a need for more women entrepreneurs, but many women have challenges they encounter. Challenges such as; being indecisive, access to funding and investors, fear of failure, balancing a business and family and importance of networking may affect them. Knowing how they can overcome those challenges can be helpful in being successful. Realizing these challenges and overcoming them will make them stronger and appreciate the difficulties they had to encounter on their journey to becoming a successful entrepreneur. It is very important that these challenges be addressed so that they can prosper in their business.
Women tend to be more indecisive, by needing more time to analyze and reconsider things before …show more content…
The venture capital community needs to find solutions that help women entrepreneurs get better access to capital. Investors usually give less consideration to women versus men in the business field. Some investors are generally skeptical about the seriousness and abilities of women entrepreneurs and women entrepreneurs end up being the ones that suffer from the lack of financial resources and working capital. Senator Maria Cantwell introduced on July 30, 2014 the bill “Women’s Small Business Ownership Act 2014”, which helps promoting women owned businesses with small business counseling, federal contracting opportunities and better access to venture capital. According to Cantwell, she addresses the gender gap in funding by the expanding programs offered by SBA programs that will help women entrepreneurs wanting business loans. (Cantwell, Aug. 20, 2014). Women’s Business Center (WBC, n.d.) offers programs to women that have a difficult time receiving a conventional loan. Women Business Center programs are to help economically or socially women get their businesses up and going with the training they provide. According to U.S. Small Business Administration, “They have nearly 100 educational centers throughout the United States and its territories, which help women with starting and growing their businesses”. (WBC, …show more content…
They are the ones that put the building blocks down for the families foundation, in which women entrepreneurs end up being torn between the commitments require for running a business and also nurturing the family. It is important to have time management skills and self-discipline when running a business and also taking care of the family. This does not have to take your life over, delegating responsibilities to everyone so that you are not the only one doing the job. With time management and delegation, you will be able to balance your business and your