Businesses are on a rise, especially those that are entirely owned by women. The era of men entrepreneurs is changing with a rise in female business owners. According to the statistics of State of Women, four out of ten business in the united states is owned by women and operated entirely by them as well. That is around fifty-eight percent of the companies, which is increasing to rise when it comes to their growth, having majority male or a shared ownership. Moreover, considering last year alone, over a thousand business were started by women in the United States marking a major increase in women entrepreneurs around the country.
However, it still requires some progress, because women lag in certain aspects such as the metrics and employee hiring process. It means that the owners are the sole employees, which disables them to make any profits and eventually leading to several struggles. In order to avoid these problems, women need to break through some of the boundaries and take those extra miles.
The biggest and most important advice that women business owners should follow is that they shouldn’t think of themselves as just women. They are way more than that, they are the initiators of a business.
Women should let go of any other identity, whether they are the owners, the workers, those who handle the payrolls, or just the security official of the company. Overlook being just a woman, because the moment you will do that, and consider yourself as an entrepreneur first, you will eventually take the first step towards rising. Your mindset, your perception and your ability to do things will change. You gender, and your nationality do not matter at all. Be brave and get out of the box. Interact with as many people as you can. Make good and presentable profiles and find mentors for yourself so you can improve with every step that comes towards you.
The other thing that you should put aside is your stubbornness and your shyness. Don’t be shy to step forward and make that difference.
The co-founder of fitness studios Shred415, Bonnie Micheli says,
“It’s easy to become eager when working to accomplish or complete a goal. Entrepreneurs everywhere need to remember that opening a successful, small-business involves patience, time and requires you to step back to remember that you must tackle a piece of the goal one day at a time.”
Outsource and Hire Employees
Most of the women who own a business try to do all the work by themselves, which is definitely not the right way to do things. Your business will never scale with such an attitude. The only way to make your business rise is by hiring experts in every field, who will help you run your business. For instance, using a company to outsource your payroll is a great way to focus on other aspects of the business. Of course, make sure they are reliable to work with. You don’t want to face any losses right at the start of your business. You can also hire freelancers, which enables you to greet people at an affordable rate, compared to hiring a full-time employee. Moreover, for office-based employees, you will have to get a proper work space and take care of the legal documentations, such as visas. Hence outsourcing to home-based freelancers is always a better choice.
Perseverance is the Key
Owning a business of your own is all about the patience and struggle. If you every ask someone for their help and they refuse, do not just stop there, move on and trust your intuition. Anyone who has done their homework will eventually find a way out.