Throughout the past several decades women have leapt into the business world andcreated their own businesses in droves, but there are still many hurdles women face on the path to professional and entrepreneurialsuccess. Through collaboration and women empowerment programmes, the gap is slowly being bridged, but discrimination continues to exist.Fortunately, there are a slew of resources and even grants to help close the disparity and income gap.
In this guide, well point you directly to the some of the most relevant resources available to women in business, so you can use this weakness as strength as only a savvy entrepreneur could! For more information you are free to drop us an email on; firstname.lastname@example.org
However, there are still many obstacles and inequities facing entrepreneurial women and the firms they launch as listed below;
- Wage Disparity
More women are graduating from universities in South Africa, and yet there is still an undeniable income gap. South Africa women earn less than their male counterpart, a ratio that has been stagnant for about 15 years,the wage gap continues even as women start businesses.
Its important to note there’s much more to the issue than gender discrimination. According to the World Bank, women are most likely to open up businesses in the informal or traditionally female sectors, which generate lower revenue. However, African women still predominate in lower-paid so-called caring professions such as teaching and social work, and those gaps travel with them as they create new businesses.
- Difficulty Securing Funding
Despite generally having proven creditworthiness,female-run businesses struggle to attract funding. Women-owned businesses tend to be overlooked compared to male counterparts when applying for grants and loans.6According to research from the Diana Report, only 15% of venture capital-backed businesses funded between 2011 and 2013 were women-owned, and companies with a female CEO only received 3% of all venture capital dollars in that time.8
The disparity in funding severely limits how fast and large women-owned businesses can grow, and how agile these companies can be. It may also limit the kinds of risks they can take.
- Social and Cultural Hurdles
In many cultures around the world, women are still expected to work within the home, which can limit business opportunities.
Globally, under-educated women may lack the skills and training that their male counterparts possess to take their businesses up to the next level.4For example, lack of familiarity with technology, engineering and IT infrastructure can prevent a budding clothing manufacturer from starting an online store.
Women also face significant confidence hurdles. When polled, 62.1% of men said they felt capable starting a new business as compared to 47.7% of women.7
Women-owned businesses have the potential to empower others, stimulate job creation, inject cash into the economy, and create workplace environments that may be more conducive for work and family balance. Though there are hurdles, they aren’t unknown or ignored. In fact, there are many organizations dedicated to helping women-owned business and female entrepreneurs. Lets take a look at what they are so you can support your business ideas.
More women are launching businesses than ever before, inspiring their peers and contributing enormously to the economy along the way. Though many hurdles still exist, there are just as many caring hands to help you over these barriers. I hope this guide has helped point you in the right direction toward starting or continuing your entrepreneurial journey, and owning the business of your dreams.And if you want to be part of this initiative to empower women, don’t hesitate to reach out to us at; email@example.com so we can share the resource with the community!
Traits of a successful woman
You’re endowed with greatness, and only you can unlock the chest that contains that powerful, priceless commodity. A successful woman exhibits the following 10 traits. They’re a part of her character; are they a part of yours?
- She has a positive attitude.
There’s no energy that can mimic what’s released when a positive, high-stepping woman enters a room. A positive attitude is the fuel needed to drive us from idea conception to realization.
A positive attitude takes conscious effort on your part. Arrest negative thoughts and replace them with positive ones. Listen to the things you’re saying to yourself in your mind. Deliberately use words that focus on constructive, affirming truths about yourself.
To help you stay positive, surround yourself with people who’ll encourage, inspire and believe in you. If you have a positive attitude, you’ll be able to see the potential that lies within you.
- She can overcome obstacles.
Women who’ve struggled in their lives tend to have amazing inner strength. Use adversity to your advantage. At the end of a struggle, you’re a better, more valuable person. Helen Keller said, “Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, vision cleared, ambition inspired and success achieved.” Find what you’re meant to learn in a struggle, and you’ll see that it isn’t as fierce as it appears to be.
- She is strong–
Strong minded doesn’t mean that you’re rude, conceited or destructive. On the contrary, a strong-minded woman displays confidence. When you’re strong minded, you’re empowered, possess a healthy self image and take responsibility for your life. The entrepreneurial spirit, by its very nature, requires us to consider possibilities that most aren’t brave enough to.
- She is soft–
Charity and compassion allow us to reach beyond our cookie-cutter lives and make a difference in the lives of others. By reaching out to others, we grow as individuals. A woman with a compassionate heart has great influence.
- She has integrity.You don’t need to leave victims in your path to be victorious. You don’t need to step on others to step to the next level. Integrity must be the very core of your character. Always put honor before dollars and live by your convictions. As you gain respect and trust, your company will grow. People seek to do business with those they trust.
- She has balance in her life. Our lives revolve around four major categories: family and friends, health, wealth and spirit. These areas must be balanced to lead a fulfilled life. Evaluate your balance continually. A balanced life allows you to think clearly with imagination and optimism.
- She sets goals.Goals are dreams with a plan for realization. Commit your short- and long-term goals to writing. Record how and when you’ll achieve them. Post your goals in plain sight and review them often. Record the reward when the goal is attained. Remember that you can’t hit a mark you can’t see, and continual success demands a plan.
- She is driven by a cause.Looking for the hole in the market is a strategic move in every entrepreneur’s plan. Find the needs in your business ventures and pursue those causes with passion.
- She is a teacher.Great woman teach. People want to know what you have that ignites that flame within. We can help mold the great women of tomorrow.
- She’s focused on the next step.The greatest point of resistance is just before breakthrough. We must have a stubborn resolve to see ourselves to the other side. When challenging circumstances seek to derail us, if we just take that next step,