Archive for the ‘Entrepreneurship’ Category

Women Entrepreneurship and Changing role of Women

Women Entrepreneurship and Changing role of Women

*G.JAYALAKSHMI

Introduction

India is definitely the hub of entrepreneurs worldwide. Women owned businesses are highly increasing in the economies of almost all countries. The hidden entrepreneurial potentials of women have gradually been changing with the growing sensitivity to the role and economic status in the society. Skill, knowledge and adaptability in business are the main reasons for women to emerge into business ventures.

Women” as Entrepreneurs in India:

Women Entrepreneur’ is a person who accepts challenging role to meet her personal needs and become economically independent. A strong desire to do something positive is an inbuilt quality of entrepreneurial women, who is capable contributing values in both family and social life.

The challenges and opportunities provided to the women of digital era are growing rapidly that the job seekers are turning into job creators.

In India, although women constitute the majority of the total population, the entrepreneurial world is still a male dominated one. Women in advanced nations are recognized and are more prominent in the business world. But the Indian women entrepreneurs are facing some major constraints like –

*Ph.D. Scholar, Department of Commerce, Periyar University Salem 11.

To a certain extent, this situation is changing among Indian women and yet to face a tremendous change to increase the rate of growth in entrepreneurship Socio-cultural barriers- women’s family and personal obligations are sometimes a great barrier for succeeding in business career. Only few women are able to manage both home and business efficiently, devoting enough time to perform all their responsibilities in priority. They are not fully aware of the changing market conditions and hence can effectively utilize the services of media and internet. Other factors are family support, Government policies, financial assistance from public and private institutions and also the environment suitable for women to establish business units. This can facilitate women to excel in decision making process and develop a good business network. So the sincere efforts taken towards women entrepreneurs may not reach the entrepreneurs in rural and backward areas. Such programs are really useful to new, rural and young entrepreneurs who want to set up a small and medium scale unit on their own. In spite of the mushrooming growth of associations, institutions, and the schemes from the government side, women are not enterprising and dynamic to optimize the resources in the form of reserves, assets mankind or business volunteers.

Highly educated, technically sound and professionally qualified women should be encouraged for managing their own business, rather than dependent on wage employment outlets. The additional business opportunities that are recently approaching for women entrepreneurs are:

Eco-friendly technology Bio-technology IT enabled enterprises Event management Tourism industry Telecommunication Plastic materials Vermiculture Mineral water Sericulture Floriculture Herbal & health care Food, fruits & vegetable processing

Technological Innovation:

Innovation is often explained in technical terms-tangible products or processes that result from technological development-there has been a preoccupation with rational, analytical innovation models. However, a number of industrial studies have shown that for a technological innovation to succeed three important people involved and seven important conditions to satisfy. The combination of these people and conditions satisfies the need for creativity and implementation. The three key people are:

Creative source: The inventor or originator of the idea that led to the knowledge or vision of something new, the artist of creative endeavor.

The champion: The entrepreneur or manager who pursues the idea, planning, its implication, acquiring resources, and establishing its markets through persistence, planning, organizing, and leadership.

Sponsor: The person or organization that makes possible the champion’s activities and the inventor’s dreams through support. Major countries in Asia are following this technique to acquire the higher position in the world economy. India, in this sense, is struggling hard.

Women are the important part of development. No doubt they are taking active participation in the business and industry and doing dual jobs to meet their expenditures. Women of every level and society (high or low=income countries) hop to work. So, the rate of women entrepreneurship is high than men.

Rise of Women Entrepreneurs

Economic necessity. Some women are working full-time and still can’t make ends meet. With the current strain on the economy having extra money coming in is not an option, its necessity. Some women are laid-off so being self-employed becomes the best alternative

Solving problems and sharing solutions.

For some women it’s not about the money it’s about solving a problem or sharing a solution. Inventors usually design new products to solve problems.

Hitting the corporate glass ceiling

Some corporate women feel like they’ve taken their career as far as it will go. They’re taken their career as far as it will go. They’re dissatisfied by their options and want a career that will be more fulfilling. Entrepreneurship is often the answer for these driven women who enjoy being their own boss

Freedom and flexibility

These are the two big reasons for moms, especially moms with young children, to start their won business. They can work from home, choose their own hours and have the flexibility to juggle their work life with their family life.

Women need to have clarity about what drives them and what they want to accomplish with their business. Thankfully with their business. Thankfully with the rise of women entrepreneurs we can learn from those who have beaten the path before us.

Before you take the Entrepreneurial Leap

Before jumping into entrepreneurship I recommend women take the following steps:

Take time to envision all the details of not only your business, but your entire life as an entrepreneur. Be responsible. Don’t let go of your day job too quickly. If money’s tight, carve out specific time to work on your project but keep the cash flow coming in through other sources. It’s not just your venture, it’s your families. Make sure they buy into what you’re doing and that they’re committed to being supportive. Recognize that being an entrepreneur is not just about what you’re being. You will need to be committed to your personal growth as a way to keep your business from stagnating. Finally, remember that your success depends on association with other entrepreneurial women with great ideas, and a broader, more creative perspective.

Conclusion

Henceforth, promoting entrepreneurship among women is certainly a short-cut to rapid economic growth and development. Let us try to eliminate all forms of gender discrimination and thus allow ‘women’ to be an entrepreneur at par with men.

I encourage you to take the time to think about what inspires you. Do you wake up each morning eager to get started? If not, it might be time to reanalyze your career choices. If you feel stuck, tap into a broader community of women that are smart, savvy and successful. These women can help you breakthrough to the next level in your business so you too can be a part of the rise of women entrepreneurs.

For hundred, even thousands of year, women have been successful entrepreneurs. Our unique mindset, viewpoints, attitudes and skills as women have all contributed to our successes in business.

Read the rest of this entry »

Development Of Entrepreneurship In India

Enterpreneurs play very important role in socio-economic welfare of the country. They identify the needs of the business, purchases the other factors of production and coordinates them for some productive purposes. They are the innovators, researchers and risk-takers of the company. Due to the mixed economy in India, both public and private enterpreneurship exists here. Large scale sectors are under the public enterpreneurship. The middle and small scale sectors are under the private entrepreneurship. In order to develop entrepreneurship in this sectors, Government of India has stepped towards the Entrepreneurship Development Programmes. The reason behind the development of entrepreneurship programmes in India are as follows :-

Read the rest of this entry »

Women’s Perspectives Changing Business – Startup, Entrepreneurship

I just finished reading an article written by a good friend of mine who coaches companies and their employees to better performance. In this particular article, he was discussing women in business and the different set of attributes they bring into the workplace. And it got me to thinking.

For a long time, women in competitive careers were led to believe (and many times rightly so) that they had to "play a man's game" in order to progress and succeed in business. And though for years, women have been successful in business playing by "man-rules", it's absolutely not necessary, nor good advice for today's success.

What we now know of course, is that men and women may have different perspectives and approaches to business. But either can be successful in the entrepreneurial arena without giving up or giving over their own unique abilities.

Men and women have various attributes in common that are of benefit in the corporate realm, however, women are at their unquestionable best when we use the characteristics and attributes that are unique to us. And, employing those attributes to our own enterprises can make a good business an absolutely phenomenal success. Examples of the unique perspectives of female entrepreneurs can be found in niche markets such as catering, personal shopping or commercial construction cleanup just to name a few.

For those of you women who are about to delve into the world of entrepreneurship and are considering the type of business enterprise that you want to develop, here are some thoughts:

First, and most important for both women and men, is do what you love. There is something in you, something you're truly passionate about. Find a way to turn that passion into a business.

I've no doubt that you have probably heard that advice before, it's certainly not new. But there are several reasons that it is important. One, when you're involved in doing something you truly love, your passion is one of your greatest assets in driving your business. When you interact with others about the focus of your passion, you're animated, interesting and convincing in ways that would take much more time to practice and develop otherwise.

Passion causes you to be much more motivated, in fact you become what could be called "ultra" motivated. This is key, especially during the period before the money starts rolling in. For you to work an 8-hour day after you've already worked an 8-hour day for someone else (something all women know a little bit about), you have to be highly motivated. While you're building your business (and most people start businesses while they're still earning their grocery money from an outside employer), you have to have a powerful reason that causes you stay up working until 3:00AM, when you have to be up at 6:00AM to go to your "day job".

Another reason for developing your business from your passion is that whatever it is you're passionate about, more than likely you're an expert on. You've been reading and reviewing information on the subject for years. You've taken trips, visited sites, and participated in activities or events having to do with the object of your passion. You've already become involved in or developed some type of "network" (and ladies, we all know how to network) of other like-minded individuals who are as interested and passionate about your interest as you are. These are all excellent resources for you and for your clientele as you establish your business. It also greatly shortens or eliminates any learning curve relative to your business product or service knowledge to free you to concentrate on building the business itself.

In addition to pursuing your passion, another idea to keep in mind is that in the beginning, as you brainstorm ideas for your business development, let the sky be the limit. Use your wildest imagination to explore ideas and options. Don't begin the process of developing your enterprise by making a laundrylist of all of the reasons that you can't do this. Find absolutely as many reasons as possible to demonstrate why you can!

Last, and this is very important, be very selective about listening to the advice of friends and relatives. While they ultimately mean well (at least most of the time), the people around you are used to you and your life as it is. And, they're comfortable with that. Whenever you contemplate change, especially the types of changes brought about through successful business ownership, people can get uncomfortable. And when people are forced out of their comfort zone, they will fight tooth and nail to get back to it. If that means discouraging you in the process, then so be it, too bad for you.

Don't fall prey to the fears and negativity of others. If you can't seem to be around positive and encouraging people, find a new group of people to be around. And, if that's not possible, then be your own best friend. Solitude is much sweeter than failure at the hands of selfish people.

Be encouraged by your history. For hundreds, even thousands of years, women have been successful entrepreneurs. Our unique mindset, viewpoints, attitudes and skills as women have all contributed to our successes in business. Let that be your legacy to a new generation, and bring your own bit of spice and flavor to the business table.

Read the rest of this entry »

Biblical Entrepreneurship – Part 2

This is the second article in the series dealing with Biblical Entrepreneurship. In this article, we will focus on one of the main components of being a Christian entrepreneur. The topic of today is service.

A business that is based on biblical principles must be grounded in service. Focusing on servicing your customers’ needs will set your organization apart from your competitors. To truly have a customer-focused business, your company must have a ministry philosophy. In order to get a clear understanding of ministry, you can model yourself after a great person, Jesus Christ.

Read the rest of this entry »

Advertising

Enter your email address:

Delivered by FeedBurner

Links
Alexa rank

Alexa rank is 18393335.

PHP/MySQL Components, WordPress Plugins, and Technology Opinions at TravisWeston.com