Women entrepreneurship has emerged as a matter of concern in recent years. The number of women entrepreneurs is increasing rapidly, and so the challenges. Regardless of the positive outcomes, they are struggling to survive in the business environment.
According to the reports and data, there are more than nine million firms in the United States which are owned by women. This alone graph shows the strength of women in business. Also, there are various other countries across the world where there is a rise in recognition and acceptance of women in leadership in corporate sectors.
Despite all these developments, women are still struggling and have to face numerous common challenges in their day to day life. However, if you are facing the same situation, you can take help from Nancy Etz, who is helping young women entrepreneurs with scholarships to fulfill their dreams.
5 Common Challenges Women Entrepreneurs Are Likely To Face
The challenges for women in the world of modern business can be huge, and some of them are listed below. Have a look!
1. Limited Funding
One of the most common challenges that women have to go through is a lack of finance. They have very limited funding to start a business. At the same time, family members hesitate to invest money in the business venture inaugurated by women entrepreneurs.
On the other hand, even banks and other financial institutions sometimes decline to pay middle-class women with loans as they are not sure who is going to repay the loans, either their parents or in-laws, after the marriage.
2. Family Restrictions
Some families are very concerned about women. They are bound by their past traditional culture that sets women not to work and do only household activities.
Moreover, women are expected to spend more time with their families and look after the children. This is one of the biggest challenges that women entrepreneurs are likely to face when they step their feet in the world of business.
3. Lack of Information
Life is a daily learning process where each day offers some new information and opportunities to women. However, the business can be a very competitive environment for women, and the lack of information can prevent them from achieving higher positions.
On the other hand, some women are not allowed for higher studies, and lack of education can create a barrier for them in the world of business to a great extent. Also, women are not allowed to enrich their knowledge in research and technical areas.
4. Work-life Balance
Another common challenge that women are likely to face is balancing work-life. Managing families and work at the same time can be a big challenge for women, and not everyone is able to take the pressure.
The pressure arises more during pregnancy and after having a baby. This is one reason why some companies don’t prefer women to handle the projects for their clients. Thus, managing work-life can be a big challenge for women all across the world.
5. Unfavorable Environment
An unfavorable environment also creates a barrier between women and business. Society is dominated by males, and various businessmen have no interest in working with women entrepreneurs at all.
These men think that women get upset instantly due to a lack of mental strength. This is sad but true. Thus, this gives rise to an unfavorable environment for women entrepreneurs.
The Final Thoughts
Women are leading the world of business with their hard work and knowledge, in spite of all the barriers. Hence, the above-listed factors are some of the common challenges women entrepreneurs are likely to face.
I’m a 20-something stay-at-home mother and wife. I have an amazing husband, a beautiful daughter, two loving dogs, and a lazy cat. I wouldn’t change my life for anything! I love to read, listen to music, cook and blog!
Speak Your Mind