In the past few years, female entrepreneurs have started increasing. The opportunity to invest, open a business or even just work in a good company was not freely given to ladies in the past. This made a good number of them think that they cannot pursue that line in their lives. Taking care of their husbands and children at home is was some thought they could do only. Changing the narrative and the culture when a few ladies decided to rise and take the lead. When they decided to cross the line and show the world that they can do it also. These caused many to follow their lead hence increasing the number of female entrepreneurs in the world.
An increase in female entrepreneurship has come as a result of different principles being applied and different things done. Some principles are discussed below.
Investing money in the right places. Owning once own business means that one has put their money in good use. Chasing the latest fashions and taking unnecessary vacations leads to money wastage. Starting up a business with that money instead or investing will help secure a future. When the business picks up, they will end up making the profit that they can use to invest in other things. Training on money usage is essential to many. The possibility of this being done is shown by several ladies who Have launched out and have their businesses
Working as a team. Already formed teams have helped many to launch out in business together. Trusting a team and working together is key. Having the same dream and business idea should enable ladies to freely work together. Growing together will be easier this way because they share ideas on how to move forward. The struggle of one person is no longer there because many have partnered together and have the needed skills. Launching out easily comes as a result of people working together to be able to have the needed labor and the startup material.
It is essential to have competition management and business training. Financial management and customer satisfaction are key in business management. Finances are what brings a lot of trouble because of mishandling or misuse. The satisfaction of customers matters because it determines whether they will come back or not. Learning how to deal with these will promote the business. In every business there is competition hence there should be training on how to handle competition when it comes to avoid panicking and use it for your advantage instead.— 9. 11. 2019