Entrepreneurship is not only about leading a company but it is something more. Since, the age old times patriarchy has been the flag bearer of entrepreneur ventures, but today in modern times, the business landscape si seeing a steep rise of women entrepreneurs. In this article, we will be talking about women and entrepreneurship and also everything which is shaping the entrepreneurial spirit in women. So, keep reading the article to know more!
The Rise of Women Entrepreneurs
With the rise in the startup culture, there have come to light many women who have given their fair share of ideas in building a business, which has now proved to be some of the big business ventures. As per the statistics, in India, there are 14% of the total women entrepreneurs which makes up 8 million women. Women today are coming up with so many innovative ideas that are leading to becoming a good source of income for many. From small-scale businesses to big ventures, women are leading the way with their entrepreneurial ideas and are captivating the business landscape. In the recent decade, there has been a significant rise in the number of women entrepreneurs. Some of the popular businesses like Nykaa and MamaEarth are run by women entrepreneurs
Women and entrepreneurship are seeing a steep rise and will soon expand in the near future
Who are the Trailblazing Women Entrepreneurs?
Now that you have got a good understanding of women and entrepreneurship. In this section, we will be giving you a list of women entrepreneurs who are leading the business landscape currently. Here are some of the trailblazers:
- Falguni Nayar, the CEO of Nykaa, is a self-made billionaire who has the beauty sector in India with her path-breaking entrepreneurship and the idea of making an ecommerce for cosmetics. She is often seen speaking about leadership and encouragement of women to become an entrepreneur.
- Richa Kar is the founder of Zivame, which is one of the most popular online lingerie shopping platforms. It has revolutionised the way lingerie shopping has taken place in decades. With this innovative business idea, Richa Kar has revamped the way businesses about lingerie is looked upon. She often shares her leadership experiences and encourages the empowerment of women in business.
- Suman Agarwal is another one of the most successful woman entrepreneurs. She is the founder of the Image Consulting Business Institute (ICBI). Despite having dropped out of college, she built a business that is a leader in image consultancy. She continues to share her experiences to give out the message of successful women and entrepreneurship.
- Kiran Mazumdar Shaw, she is another one of the successful examples of women and entrepreneurship. She is the chairperson of Biocon and her journey to becoming a successful women entrepreneur is truly inspiring. From a startup to a leading biopharmaceutical company is quite inspiring.
Folks, these are some of the successful examples of women and entrepreneurship, and these women have contributed to making India a hub of successful business.
Being a business women isn’t easy, what play a crucial role is the finances. Managing the finances in the right manner is a task. Head to the next section of the article to know about the financial tips that women in business can keep in mind.
Tips to Manage Finances Successfully
Here are some of the tips that women entrepreneurs can keep in mind when they are looking to manage their finances successfully while running a company:
Focussing on Personal Goals
Personal financial goals can become far-sighted once you have taken the road to entrepreneurship. Make sure to save, and do not let success and dedication to your work take your savings to a back seat. Separate your personal financial goals and funds from business. This is an essential step to maintain work life balance and financial stability.
Make an Emergency Fund Beyond the Recommended Amount
It is important to have an emergency fund as finances are crucial when you are starting a company. It is recommended to have an emergency fund that has at least six months of expenses. But make sure that you have a share in the emergency fund much higher owning your entrepreneur role.
Understanding Taxes
One of the most important financial tips to keep in mind is to understand the taxes. Make sure to know the taxes that you are paying and the exemptions which you can claim. It is recommended that entrepreneur whether they are old or new must be aware of the tax provisions that are extended by the Government. There are many schemes that entrepreneurs can know to get their taxes right.
Getting Proper Funding for Your Business
This is another important part when you are looking to become an entrepreneur. When you have an unique business idea the challenge comes in getting the right funding resources, getting an office space, marketing startegies and more. All these will be requiring funds and you need to have a steady supply of funds to achieve these.
You can follow these financial tips to better manage your funds and fuel your entrepreneurial journey. Additionally, you can also look up more loan options if you are just starting out as an entrepreneur.
Conclusion
Women and entrepreneurship have seen a steady increase in the recent decade. Women are bringing their innovative ideas forward to the landscape of business. Many of the top businesses today have a women entrepreneur and they are quiet successful. With every passing day, the entrepreneurial spirit is seeing a steady rise and with better management of finances, women and entrepreneurship will see path-breaking success in the future. That’s all, folks. I hope the article will help you to get all the information you need
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