Being a woman itself poses various problems to a woman entrepreneur, the problems of Indian women pertain to her responsibility towards family, society and lion work

By on 13-11-2018

PROBLEMS AND CHALLENGES FACED BY WOMEN ENTREPRENEURS

Women entrepreneurs face a series of problems right from the beginning till the enterprise functions. Being a woman itself poses various problems to a woman entrepreneur, the problems of Indian women pertain to her responsibility towards family, society and lion work.
The tradition, customs, socio cultural values, ethics, motherhood subordinates to ling husband and men, physically weak, hard work areas, feeling of insecurity, cannot be tough etc are some peculiar problems that the Indian women are coming across while they jump into entrepreneurship.
Women in rural areas have to suffer still further. They face tough resistance from men. They are considered as helpers. The attitude of society towards her and constraints in which she has to live and work are not very conducive.
Besides the above basic challenges faced by women entrepreneurs are as follows:

•  WOMEN ENTREPRENEURS STRUGGLE TO RAISE CAPITAL:
   Women business owners have traditionally struggled to attract the necessary startup capital as well as ongoing funds to assist in   the growth of their businesses. Accessing venture capital especially has been difficult for women.
•  WOMEN ENTREPRENEURS HAVE LIMITED ACCESS TO INDUSTRY NETWORKS AND CONNECTIONS:

        Networks provide critically important information for entrepreneurs. Networks help entrepreneurs learn more about their industry            and build important connections for additional resources and business growth. It is challenging for women to find the connections            they need when starting their business and later on when they are seeking advice for business development. For first time                      entrepreneurs especially, networks provide a safe haven to learn the rules of the game. They are great source of connections for              new business.

•  WOMEN ENTREPRENEURS LACK BUSINESS AND FINANCIAL SKILLS:

        Many of the women entrepreneurs interviewed for the report mentioned their lack of basic business and financial skills as a major            challenge. They had little if any experience in accounting and risk management, legal, tax and regulatory compliance, sales,                    marketing, and the use of technology. Even women who had the business skills and/or corporate experience cited the need for                training in areas like strategic planning as well as hiring and evaluating personnel.

•  WOMEN ENTREPRENEURS LACK ROLE MODELS AND MENTORS:

        Even with industry experience, maybe you never started a business before and, therefore, lack the aforementioned business and              financial skills.Role models and mentors are invaluable for new business owners. Role models and mentors as well as strong                    network connections when available can help women build their skills and subsequently their confidence. Without solid networks              and connections, it is difficult to find qualified people who are willing and able to fulfill this need for women business owners.                    Leaning on more experienced business owners is especially helpful for women who are just beginning the entrepreneurial journey,            and for those who face challenges growing their businesses.

•  WOMEN ENTREPRENEURS LACK CONFIDENCE:

        Women’s self-doubt and lack of confidence affect their ability to effectively pitch their business to attract funding. They are less                likely ask for capital or sufficient capital. A lack of confidence therefore holds them back from starting and growing a viable                      business.A lack of confidence also causes women to be more risk averse. Women who create successful businesses take calculated          risks. They carefully plan for their growth based on a confidence in their ability to sustain and manage growth over time.