ElizabethDWallace

Women Entrepreneurship and Changing role of Women

* Women owned businesses are highly increasing in the economies of almost all countries. The hidden entrepreneurial potentials of women have gradually been changing with the growing sensitivity to the role and economic status in the society. Skill, knowledge and adaptability in business are the main reasons for women to emerge into business ventures.

Women” as Entrepreneurs:

Women Entrepreneur’ is a person who accepts challenging role to meet her personal needs and become economically independent. A strong desire to do something positive is an inbuilt quality of entrepreneurial women, who is capable contributing values in both family and social life.

The challenges and opportunities provided to the women of the digital era are growing rapidly that the job seekers are turning into job creators.

Women constitute the majority of the total population the entrepreneurial world is still a male dominated one. Women in advanced nations are recognized and are more prominent in the business world.

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Highly educated, technically sound and professionally qualified women should be encouraged for managing their own business, rather than dependent on wage employment outlets. The additional business opportunities that are recently approaching for women entrepreneurs are:

Technological Innovation:

Innovation is often explained in technical terms-tangible products or processes that result from technological development-there has been a preoccupation with rational, analytical innovation models. However, a number of industrial studies have shown that for a technological innovation to succeed three important people involved and seven important conditions to satisfy. The combination of these people and conditions satisfies the need for creativity and implementation. The three key people are:

Creative source: The inventor or originator of the idea that led to the knowledge or vision of something new, the artist of creative endeavor.

The champion: The entrepreneur or manager who pursues the idea, planning, its implication, acquiring resources, and establishing its markets through persistence, planning, organizing, and leadership.

Sponsor: The person or organization that makes possible the champion’s activities and the inventor’s dreams through support. Major countries in Asia are following this technique to acquire the higher position in the world economy. , in this sense, is struggling hard. Women are the important part of development. No doubt they are taking active participation in the business and industry and doing dual jobs to meet their expenditures. Women of every level and society (high or low=income countries) hop to work. So, the rate of women entrepreneurship is high than men.

Rise of Women Entrepreneurs

Economic necessity. Some women are working full-time and still can’t make ends meet. With the current strain on the economy having extra money coming in is not an option, its necessity. Some women are laid-off so being self-employed becomes the best alternative

Solving problems and sharing solutions.

For some women it’s not about the money it’s about solving a problem or sharing a solution. Inventors usually design new products to solve problems.

Hitting the corporate glass ceiling

Some corporate women feel like they’ve taken their career as far as it will go. They’re taken their career as far as it will go. They’re dissatisfied by their options and want a career that will be more fulfilling. Entrepreneurship is often the answer for these driven women who enjoy being their own boss

Freedom and flexibility

These are the two big reasons for moms, especially moms with young children, to start their won business. They can work from home, choose their own hours and have the flexibility to juggle their work life with their family life.

Women need to have clarity about what drives them and what they want to accomplish with their business. Thankfully with the rise of women entrepreneurs we can learn from those who have beaten the path before us.

Before you take the Entrepreneurial Leap

Before jumping into entrepreneurship I recommend women take the following steps:

Conclusion

Henceforth, promoting entrepreneurship among women is certainly a short-cut to rapid economic growth and development. Let us try to eliminate all forms of gender discrimination and thus allow ‘women’ to be an entrepreneur at par with men.

I encourage you to take the time to think about what inspires you. Do you wake up each morning eager to get started? If not, it might be time to reanalyze your career choices. If you feel stuck, tap into a broader community of women that are smart, savvy and successful. These women can help you breakthrough to the next level in your business so you too can be a part of the rise of women entrepreneurs.

For hundred, even thousands of year, women have been successful entrepreneurs. Our unique mindset, viewpoints, attitudes and skills as women have all contributed to our successes in business.