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3 Ways How Aspiring Women Entrepreneurs Can Ascertain Good Business Ideas

Know 3 tips to find the best business ideas
BY Jaspreet Kaur
Feature Writer, BusinessEx
Oct 26,2018

Entrepreneurship is now no more a man’s niche as women are increasingly showing interest in the arena. Other than developed nations, India being an underdeveloped nation has also seen a rise in the number of women entrepreneurs as compared to the last decade. The notion of keeping the women in the four walls and limiting their reach to the domestic world has happily ended now.  The present generation women are seeking different job opportunities, gaining work experience and then, putting down the garnered experience in an endeavour.

The Rise in Number of Women Entrepreneurs  

Statista’s report named Number of Micro, Small and Medium Enterprises (MSMEs) owned by women across India in FY 2016 shows, “The number of women MSMEs in the unregistered sector across in the country (India) amounted to approximately 1.81 million during the measured time period (2015-16).”   

The report is indicative that the number of female entrepreneurs has greatly increased for the past few years and all this is possible because of the education and social awareness women are receiving in recent years. To keep these numbers continue to grow, it is important for aspiring women entrepreneurs to make mindful decisions and opt for right businesses.

3 Tips to Ascertain Good Business Ideas

In the male-dominated business industry, there are a few spaces where women are accepted unquestionably. Owing to this, it becomes extremely difficult for women to ascertain an ideal business idea and then, commence the endeavour in a competitive world. To make this business-search easy, female aspirants should follow some handy tips:

  1.    Start from the Scratch

Women of today’s era have surpassed their limits and broken the traditional stereotypes. They outreach others in the competition and are more knowledgeable as well as efficient than male counterparts. So, there is not any limitation relating to the business choices that are available to them. They can opt for any business without concerning about gender bias; the only thing they would need is there in-hand experience and knowledge in a particular niche. These two things are sufficient to assist them in getting their venture off the ground.          

  1.    Love your Business

Starting up a business from the ground level is challenging but at the same time, it can be enjoyable too if one is the enthusiast to do it every day relentlessly.  As a result, women entrepreneurs should choose a thing which they love to do and correspondingly, perform it for their earning as well. Being the newbie in the market, budding women entrepreneurs may face obstacles in the journey. However, a positive attitude and zeal to outdo can help them attain success in the industry.

  1.    Deal with the Fears

Fear is the utmost element in the life that decrements as well as augments a situation or performance. As a result, one should be receptive to it and consider it as a tool to measure one’s performance in a particular course.

By implying the tool into practice, the entrepreneurs should set the target and accordingly, perform to achieve the target.

Follow these tips to find out the best business idea.   

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