The statistics on women entrepreneurship is becoming mindblowing with each passing day. In fact, if you just take a glance over the figures of past a few years, a huge percentage of women entrepreneurs have come up in the UK. Also, the scenario is the same in all other parts of the world as well. According to a 2017’s report by American Express, the women entrepreneurship organizations have grown up to 114%. Also, it is true that now one among the five firms belongs to women entrepreneurs who are earning up to a whopping amount of £ 1 million of revenue or even more than that!

However, they have to face a myriad of unwanted obstacles which are specifically unique to women entrepreneurs If you are one among those ambitious ladies who want to take the plunge, you need to be very cautious and act smartly while grabbing the entrepreneurship opportunities. Just the right entrepreneurship ideas aren’t enough for you. You need to be ready for some really significant hurdles in your path.

Here, in this article, you will get a clear depiction of the barriers that you might expect to come across and how to overcome all of them.

Read on

Challenge #1 Finding the right people

Like your male contemporaries, you might also want to get in contact with a couple of sponsors. C’mon! All kinds of entrepreneurship organizations need them. Here, you need to figure out the difference between mentors and sponsors. Women entrepreneurs often get perplexed between these two sections of people.

Remember, mentors are those people whom you can turn up to when you need any advice. On the other hand, sponsors are such people who trust your potential and ready to advocate you when you’re not present in a room. They can definitely help you achieve your next goals.

Most of the women entrepreneurs often lag behind in having sponsors as a vital part of their supportive community. They can’t find a comfortable place to talk openly about finance. It eventually ends up killing a lot of their entrepreneurship ideas.

Solution

You must seek out such a place where you can freely share what’s happening in your business financially and ask for a monetary help to the sponsors. Establish networking at a higher level and ask for conferences which you must attend to enlighten yourself.

Challenge #2 Flouting social expectations

Almost all the female entrepreneurs have to face this scenario once in their lifetime: You just walk into a business seminar where people are sharing entrepreneurship ideas and experts are providing entrepreneurship trainings, there will be just a few women around you. Thus, mostly, when business women discuss the entrepreneurship opportunities with their male counterparts, it often let them get demoralized. They feel left out in the crowd!

Solution

In this situation, don’t try to adopt a stereotypically ‘male’ outlook towards business. Rather, just be yourself, be graceful, and be confident. To figure out your own voice is the main mantra behind overcoming the preconceived notions.

Challenge #3 Setting a high standard

When it comes to business, many women underestimate what they can do. It is true that often women end up creating some unique business concepts without even knowing how potential their ideas can be. This is a challenge that they put forward themselves on their own.

Solution

Well, it is good to start a business just like ‘a hobby’. However, there is no bad in getting some potential entrepreneurship training and establish some bigger visions. Just check off some effective benchmarks on the path to your goals and try to achieve them and make sure that you are being optimistic throughout the journey.

Challenge #4 Being comfortable with the perilous situations

The experts have often noticed that women entrepreneurs get puzzled when the situations turn out to be somewhat risky. Many kinds of fears impact them here. The fear of what their family and friends will think, fear of promoting their business idea in front of people and so on, fear of failure when there is a financial crisis and so on. All these make women nervous and they end up making blunders.

Solution

Here, you can arrange some meetings where you might meet such successful women entrepreneurs who have already taken this route before you. It will help you understand from them that which risks really make sense and which ones you are just unnecessarily bothering about.

Takeaway

These are the most common challenges that women entrepreneurs often face and the right ways to overcome them. If you are one among them and facing these aforementioned impediments in your entrepreneurial journey, take the necessary steps without any more ado.

All the best, ladies!

Author Bio:- Lyuthar Jacobs is working as a blog editor at Dealslands UK. He is type of geek who loves to write Money Saving, Business, and Finance. He loves to share his knowledge and experience with his friends and colleagues. Here in the above post he sharing things about challenges women entrepreneurs face and how to overcome them.