Entrepreneurship is difficult for everyone, but it is especially difficult for women. If we start talking about the problems faced by women entrepreneurs, it will take days. Despite their best efforts and competence, female entrepreneurs frequently have a more challenging time breaking through and becoming noticed in the commercial world than their men equivalents.
According to the Mastercard Ranking of Women Entrepreneurs, just 7 out of 100 Indian entrepreneurs are female. According to the Google-Bain analysis, women control just 20 percent of the total enterprises in India.
This article discusses a few hurdles and challenges of women entrepreneurs in India.
Financial difficulties
Capital to a business is what nourishment is to a human, and it is vital for any company, large or small. This is one of the significant challenges faced by women entrepreneurs, and they struggle in this regard since they lack access to additional finances and family assets and, sometimes, receive no material or financial help from their own families.
Women are also having problems obtaining external funds since they are seen as relatively safe players who will not be capable of achieving the needed accomplishment for their enterprise.
Restricted Mobility
In India, women’s movement is significantly restricted compared to men for a variety of reasons, which is one of the challenges faced by women entrepreneurs. A lone lady requesting a hotel room is still frowned upon. The time-consuming nature of beginning a business and authorities’ dismissive attitude toward women lead many to abandon their plans.
Juggling family and work
Women, particularly married women with children, have a great responsibility. They struggle to manage jobs, families, and careers, and achieving a work-life balance with that much on their plate is one of the most complex problems of women entrepreneurs. It should be termed a “skill.”
Working for oneself provides a great deal of freedom. Yet, every industry is a roller-coaster ride for most parts, and juggling children, aging parents, and, obviously, one’s partner can be exceedingly challenging. Long story short, it is one of the major problems of women entrepreneurs.
Existing in an industry dominated by male
Women entrepreneurs are creating headlines in the industry with their passion and enthusiasm. Despite possessing the necessary mindset and talent for the work, being considered lesser than males is one of the common problems of women entrepreneurs.
Male chauvinism is still widespread in India, not just in remote rural areas but also in metropolitan ones. Women’s cultural and social obligations are always entirely separate from men’s, creating a lot of challenges of women entrepreneurs. Although women can now complete household and corporate tasks easily, our sexist culture still perceives them as taking over the role of a man and outsmarting men.
Inadequate education
One of the most obvious problems faced by women entrepreneurs is the lack of higher education. It is usually restricted to women, particularly in rural areas and developing nations. Women not being permitted to expand their technical and analytical skills to offer new items is one of the major challenges of women entrepreneurs.
Conclusion
These were some of the challenges faced by women entrepreneurs. However, these are barely the surface level. There are a lot more problems of women entrepreneurs.
The most effective approach to solve the issues that women entrepreneurs confront is to build a nurturing entrepreneurship culture that offers them finances, a safe and healthy work atmosphere, and social and organizational assistance.
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