Women are now starting businesses at a faster rate than ever before, with more than 1,821 new businesses founded by women each day in 2018, according to the State of Women-Owned Business Report. But despite this progress, many female entrepreneurs still face unique challenges when it comes to growing their businesses and becoming successful.
Gender bias, lack of role models and support, and funding disparities are just a few of the obstacles that can get in the way of a woman’s start-up. However, by creating supportive networks and providing access to resources for women entrepreneurs, we can help them overcome these barriers.
1. Start-Ups Powered by Women:
There are many different reasons why people want to become entrepreneurs, including pursuing their passion, gaining more control over their career path, and generating greater financial independence. For many, however, the idea of being one’s own boss can also hold some special appeal. Women have been particularly drawn to entrepreneurship, with the latest research suggesting that the number of women who own businesses has risen by 114 percent since 1997 and generate more revenue than their male counterparts.
2. FINANCING:
For most startups, especially those in the tech industry, there will come a time when outside financing is required to grow and thrive. While the majority of small businesses rely on personal savings and income to fund their operations, it’s not uncommon for this to eventually run dry. For women entrepreneurs, this can be an even more challenging hurdle to clear, with only 1.9% of venture capital funds going to startup companies owned by women.
In addition, the higher interest rates that are often attached to credit card balances can be quite costly for women entrepreneurs who use them as a form of business funding, which is why it’s important to talk to your advisor about the different ways to fund a business and what the pros and cons of each are.
3. Work/Life Balance:
A key challenge for most entrepreneurs, regardless of their gender, is striking a healthy work-life balance, which can be even more difficult for female entrepreneurs who are just starting out. Many women are accustomed to taking on the majority of family care duties, which can leave them with less time to dedicate to their startup. 여자창업 If you are struggling to find the right balance, it can be helpful to seek out the guidance and mentorship of fellow female entrepreneurs through a network like the München Urban Colab or UnternehmerTUM Women Start-up Initiative, as well as to ask for help from friends and family when needed.후토마끼창업
4. Managing a Team:
For most start-ups, the key to success is hiring talented and qualified employees. However, finding the right talent can be a challenge, particularly for women. Many women are also hesitant to delegate because they have personalized their own business so much that they fear it will not be done as effectively by someone else. However, it’s important to remember that it’s okay to hire slowly and carefully, and to trust that those you do bring on board will be a good fit for your company and its culture.