Women Entrepreneurs

Source | | IIT Kharagpur

Albert Einstein was right when he quoted

“The woman who follows the crowd will usually go no further than the crowd. The woman who walk alone is likely to find herself in places no one has been ever before.”

Women entrepreneurs have become an integral part of today’s corporate world. Not only are they able to equalize their duties of both motherhood and entrepreneurship but also, they comprise of almost half of all businesses owned. Today, more women are breaking free from the traditional, gender-specific roles and venturing into the business world. The last decade has witnessed a dramatic increase in both- the number of women entrepreneurs as well as the success rate of their initiatives. From being a minority in the entrepreneurial ecosystem ten years ago, women today comprise of 37% of the world’s total entrepreneurs. The recent Global Entrepreneurship Monitor (GEM) found 126 million women starting or running businesses, and 98 million operating established (over three and a half years) businesses. That’s 224 million women impacting the global economy — and this survey counts only 67 of the 188 countries recognized by the World Bank.

Much of a business woman’s drive to pursue entrepreneurship is due to the immense passion she has for her work. Another motivating factor behind women entrepreneurs is the desire for control. Many successful female business owners are provoked by the opportunity to be their own boss and run their own company, a prospect that would never occur if they had worked for someone else. Their primary goal is not monetary reward but rather personal satisfaction and community involvement. Another inspiring component that many successful women entrepreneurs share is the fact that they have the ability to multitask and also the tendency to balance family life and career with their goal-oriented approach.


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