Top Tips For Starting a Business as a Female Entrepreneur

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Top Tips For Starting a Business as a Female Entrepreneur

Female business ownership is on the rise. In fact, they have been rising year on year for several years now. In the past couple of decades, women have become more empowered than ever prompting a growth of interest in starting businesses amongst women.   

Keep Your Community Close

Every entrepreneur experiences some degree of imposter syndrome, where they ask themselves if starting a business is the right option for them. This is why when people consider starting a business they often consult their friends and family for their opinions; however, the reaction can be more negative for women starting their own business possibly leading to a higher proportion of women deciding they are not up for the challenge. This is why it is important to be selective in whom you confide and work on building a community of like-minded people who would ideally offer praise and encouragement instead of discouragement. 

Invest In Networking

If you liked the sound of the last point but don’t yet have your own community then networking is your answer. Building strong and lasting relationships with professionals within your industry can open new doors for you and your business. Through speaking to people with existing businesses you can learn from other people’s mistakes and learn what has made them successful. This allows you to pour this insight into your decision-making within your business which can increase your chances of success. In order to start networking you should be on the lookout for conferences for business owners or look on websites such as Meetup which has events in most cities in the UK for business networking. When you are reaching out to network it is important that you stay vigilant for internet scams, and make sure you do your research on common scams to reduce your chances of falling for one.  

Use Discouragement To Help You Grow

Women are still in the minority when it comes to business ownership, this means that you may experience unfair biases and doubts based on nothing else but your gender. These doubts are grandfathered in outdated stereotypes and should be taken with a pinch of salt. Instead, you should retrain your brain to view these doubts as challenges; each time you exceed others and your own expectations you will become stronger for it. This is why you may experience a higher degree of judgment and doubt at the start of your entrepreneurial career, but once you prove yourself these biases will often be replaced by people congratulating your efforts; plus you will be more sure of yourself and reliant to criticism in the future because you know what you are worth.

Take Considered Risks And Be Decisive

Many dreams have been dreamt but never acted upon, the longer you leave your dream without doing anything to make the dream a reality, the less likely it is to happen. This is why you should create a plan of action, where you can split bigger goals into smaller ones. This helps you stay on track when working on bigger goals, this can help you if you are not quite ready to start your business – at least you can routinely work towards your goal and feel like it is still a viable option for you.

Stay Consistent With No Return

Most businesses don’t turn a profit for several months after being established, it takes time to learn from your mistakes and improve. There will be times when you just feel like giving it all up, but true determination is understanding that those experiences are there to teach you a lesson, a lesson in perseverance that transforms you into a more resilient business owner and person. There is a reason why most businesses fail within the first year, most people don’t have what it takes to weather the storm – become the storm!

Be Vulnerable And Ask Questions

When you are first starting out it is important to recognize that there is so much that you won’t know about business ownership, and this is completely fine and is actually a situation everybody finds themselves in. Quashing your ego and asking questions about different aspects of business ownership in a professional setting can help you become more knowledgeable about topics that you may not know much about such as taxes, marketing, or sales. However, if you let your ego blind you and don’t ask these questions from other business owners you may find yourself making mistakes and getting subpar results.  

Conclusion

Starting your own business can be stressful enough without the level of doubt and criticism that female entrepreneurs still face. It’s about finding the right tools, techniques, and people to help you gain an edge over the competition.

Amy Jones is a freelance writer from Manchester and has written for many different business publications. With a range of knowledge in the business and investing sector, she is an avid researcher and writer in the field. Having worked closely with a number of different businesses, Amy is now looking to specialize in workplace health and disputes and is currently researching and working closely with different health brands for this.

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