A woman entrepreneur is defined as “an enterprise owned and controlled by a woman with a minimum financial stake of 51 percent of the capital and delivering at least 51 percent of the employment produced in the enterprise to women.” – by Govt. of India
Who are Women Entrepreneurs?
These days, many women are walking in the lane of Entrepreneurship. They are looking for ways to earn money even while staying at home. They actively utilize their time and build leadership skills, decisiveness, and innovative ideas for economic and social development.
In recent years, there has been seen a rise in recognition and acceptance of women in leadership positions in the corporate sector.
A woman entrepreneur is someone who takes on a challenging role to meet her requirements and achieve financial independence. A range of economic, social, religious, cultural, and other factors contribute to the demand for entrepreneurs in today’s culture.
A woman entrepreneur is someone who has started a one-woman enterprise, is a principal in a family business or partnership, or is a shareholder in a public corporation that she runs.
The key motivators for women to pursue entrepreneurship are self-determination, the need for recognition, self-esteem, and a career goal. Women may select this career path to discover their inner potential and caliber and to feel fulfilled. It could also give them a method to make the most of their free time.
Effective Measures for the development of Women Entrepreneurs
Women’s empowerment and increased participation in entrepreneurial activities necessitate concerted efforts from all sectors. The following measures should be considered for the effective development of women entrepreneurs.
- Women should be a designated target audience for all developmental programs.
- The government should boost women’s educational chances and activities.
- Women in the community will obtain adequate management training.
- Women should be encouraged to participate in decision-making.
- Women in the neighborhood will receive vocational training to help them understand the manufacturing and management processes.
- To develop skills, women’s polytechnics and industrial training institutes would be utilized. Skills are used in training-turned-production workshops.
- Professional competence and leadership abilities will be taught to female entrepreneurs.
- Existing female entrepreneurs will be trained and counseled on a large scale to address psychological difficulties such as low self-esteem and fear of success.
- Women entrepreneurs, both established and new, should seek advice from devoted NGOs, psychologists, managers, and technical specialists.
- Training programs should be evaluated and improved regularly.
- Women should be taught activities that will increase their marketability and profitability.
- Making marketing and sales assistance available by the government.
To encourage more passive women entrepreneurs, training programs for women should be developed to teach them how to recognize and explain their own psychological needs.
In a nutshell, women entrepreneurs can be seen as an important tool for economic, social, and long-term global sustainability. This contribution is made in the fields of education, increasing the health of society, and any other area where people can improve their appearance.
Successful female entrepreneurs serve as role models for prospective entrepreneurs around the world. Women’s entrepreneurship benefits economies throughout the world, including both developed and developing nations. It’s vital to note that women entrepreneurs’ incentives differ between industrialized and developing countries.
When a woman advances, so does her family, village, and country. Employment gives women economic prestige, and economic position leads to social status, which leads to empowerment. Women’s entrepreneurship, without a doubt, boosts the country’s overall prosperity and the family’s wealth. Women are more ready than ever to participate in activities that have historically been considered the realm of men, and they have proven to be unrivaled in terms of economic growth.
We’ve always assumed that a talented woman can acquire a job at any time, but if she becomes an entrepreneur, she can support at least ten other women.