The document summarizes statistics about female entrepreneurship globally and discusses some of the challenges women entrepreneurs face. It notes that 126 million women operate businesses in 67 economies worldwide, with 112 million employing at least one person. 12 million expect to grow their businesses significantly in the next 5 years. The document also discusses how women entrepreneurs contribute to economic growth and their communities, but may face barriers like lower self-confidence and challenges balancing family and work responsibilities. It provides advice on overcoming obstacles and championing other women in business.
Investment in The Coconut Industry by Nancy Cheruiyot
5 Challenges women may face in business and how to start to overcome them.
1.
2.
Entrepreneurship is becoming a top
career choice for a growing number of
women.
126 million active female entrepreneurs
operate businesses in 67 economies
around the globe.
112 million female business owners and
entrepreneurs employ at least one person
in their business.
12 million female entrepreneurs and
business owners expect to grow their
businesses by at least six employees in the
next five years.
3.
We women entrepreneurs are
creating jobs, innovation and
contributing to the GROWTH of our
economy...
We women entrepreneurs are more
committed in also contributing to
society. Growing evidence suggests
that as women, we are more likely to
reinvest our profits in education, our
family and our community.
4.
...women as a whole are still less likely
than men to want to start their own
business?
The majority of female entrepreneurs
started their business through a necessity.
Why did you start yours?
Many suggest that female entrepreneurs
have lower perceptions of their
entrepreneurial abilities than male
business owners. Do you agree?
12.
Be yourself, and more importantly believe in
yourself!
Remind yourself that “You have come this far
through hard work and perseverance.
Allow your individuality to shine through.
Don’t pretend to be someone else – be
authentic!
Make use of your intuition – it is after all one of
our greatest assets
13.
Remind yourself “this is business” - Learn to
distinguish between friends, colleagues and
clients/customers.
Set yourself business goals and stick to them.
Practise how to say “no”
Put in place systems, processes and policies to fall
back on. E.g. a detailed pricing structure.
Take time out
Make use of your “trusted advisor”.
15.
Set time boundaries and stick to them
Don’t be too hard on yourself
Establish a support network
Recognise the size of the task and reward
yourself along the way. Me time!
Keep it simple.
16.
Remember that sometimes you will get 100 "no's"
before you get one "yes," but that one "yes" will make
you more successful tomorrow than you were today.
Stop procrastinating!
Accept failure as part of the path to long term success
Remember that if you don’t ask the answer is always
NO
Focus on the 9 boxes you tick, not on the one you don’t
Take a chance!