Monday, July 25, 2011

Key Challenges Faced By Women Entrepreneurs

Women entrepreneurs face all of the same challenges faced by male entrepreneurs, with some additional obstacles. For example:

1. In most cultures, women are the primary caregivers for children. They face additional pressures when they become entrepreneurs - how do they balance business ownership vs. motherhood?

2. As a female entrepreneur, depending on the type of business, they may still face some stereotypes. Women may have to still be better and smarter than their male counterpart in order to get the contract.

These are a few challenges. To all men, please do not think that I am saying that you do not face challenges that are particular to men. These are just some specific challenges that some women many face.

Women-owned businesses are growing and home-based businesses are growing because of stay-at-home Moms! SBA shows that 50% of start-up businesses are women-owned businesses!

In fact .... State of Women-Owned Businesses Report Executive Summary from American Express - March 2011

• As of 2011, it is estimated that there are over 8.1 million women-owned businesses in the United States, generating nearly $1.3 trillion in revenues and employing nearly 7.7 million people.

• Between 1997 and 2011, when the number of businesses in the United States increased by 34%, the number of women-owned firms increased by 50%— a rate 1½ times the national average.