your password has been reset successfully, Please login again.

Women Entrepreneurship: Bringing new way of doing business

In this modern era, more women are pursuing business opportunities and they are bringing change in the way of doing business. Let's see how:
BY Vertica Dvivedi
Founder, WADe Asia
Nov 11,2017

Since ages, women in India are managing home kitchen. This notion about women as managers of domestic life is so deeply ingrained in the Indian society that it is difficult to change this attitude even today. However, change is happening. Today, women are successfully managing various avenues yet the entrepreneurial world is vastly male-dominated.

Let me share an interesting perspective. I think, women have always been entrepreneur within the four walls where she is calculative innovative in terms of budgeting with limited resources (read financial management), using of waste material for useful purposes (read resource management), saving for the rainy day (read risk management), managing different moods of people in the family yet keeping everyone happy (read team management), and the point of all communication for kids and elders in the family (read communication management).

A research on "Women Entrepreneurship in 21st Century India" pointed that within entrepreneurship research, women entrepreneurship is considered as a separate branch of study. Men and Women have a different approach towards business. As per biological determinism, women listen more to intuition heart, resulting in being more sensitive. Entrepreneurs like Indra Nooyi and Kiran Majumdar Shaw have proved that women can learn the different nuances of business most suavely yet firmly retain the balance of being a strong and sensitive leader. Ms Shaw had once quoted, I learnt that business was about being emotionally driven about investing, but being emotionally detached when it came to divesting and thats a very strong learning.

Women by nature are collaborative and resource aggregators. Business coach Joel Norton says, Neurologically, women are programmed to work through issues in a more collaborative way. It is part of their thought process. Eight of out 10 women who work with me want someone they can bounce ideas off and talk through their plans. Its the synthesising of the idea thats really important to them."

Collaborative nature makes women good team managers. As great resource aggregators, they are efficient in understanding talent retaining them. That makes them good for client and vendor management as well.

Women are less prone to over-confidence and comfortable in sharing their failures. Females hardly indulge in high-risk areas. They are extremely calculative. Unlike men, the majority of women do not aspire to build empires. They enjoy the little success that comes their way. Though India's high aspiring women entrepreneurs like Kanika Tekriwal of JetSetGo are changing the way we look at women as entrepreneurs, yet one cannot miss the fine balance in their approach.

Multitasking is the word so connected with women. When she brings this quality to work and learns to delegate, she becomes wonderful in execution. There is a great zeal in women to make things possible perfect, at home and work. That leads her to learn best practices in balancing home and family. We are seeing a surge in successful women entrepreneurs. There is a major shift in the way family members and society perceive women today though a lot more change is needed.

With the qualities of being sensitive yet strong, wonderful resource aggregators, collaborative, multi-tasking, less prone to over-confidence, calculative risk-takers, and being able to balance work with family, women entrepreneurs are definitely changing the way of doing business. Having said all that, here are the few things women entrepreneurs need to pay attention and improve.

It is said that our strengths are usually our weaknesses as well. Women entrepreneurs are prone to impulsive decisions if they listen only to heart and do not involve logic in decision making. While executing multiple work and reaching short-term goals, long-term vision may be ignored. Delegation is the key. I find most women financially conservative which is good but many times this attitude restricts in scaling up. Generating start-up revenue and funds by scaling up the areas where women are still evolving.

As founder of a platform for women in design, WADe Asia, the best advice I can give to women entrepreneurs is to find the right networking platform that helps them to learn, connect, and share. Men are continuously meeting networking while women hardly network. In the ocean of their priorities while balancing home, kids, work, somewhere, networking takes a back seat. Thus, women who are part of business circles that facilitate networking are happier and do better than others who drive silo.

"Do not undermine your strengths and do not undervalue what you are offering" would be my advice. Last but not the least, they should learn to take short breaks, feel free to seek help and always take good care of health as a priority. Women entrepreneurship is a recent phenomenon in India and I can tell you that women are really learning very fast.

Please add your Comment
SIMILAR Articles
January 16, 2019
Healthcare companies should make use of the internet to soar in the market. ...More
By Jaspreet Kaur
January 16, 2019
The Indian salon industry needs to adopt new measures to entice customers. ...More
By Jaspreet Kaur
January 15, 2019
Chemical industry is one of the growing sectors in the world, thus, beginning a chemical business ca ...More
By Jaspreet Kaur
January 15, 2019
Traditional coffee shops require much more than a cup of coffee to raise profits. ...More
By Jaspreet Kaur
January 14, 2019
The customized inventory program eases the stock management and helps to increase the returns. ...More
By Jaspreet Kaur
January 14, 2019
A business enterprise requires various components to administer the business ...More
By Jaspreet Kaur
January 10, 2019
To attain success in the early stage, start valuing the customers. ...More
By Jaspreet Kaur
January 10, 2019
Learn the upcoming retailing trends to shore up the business in the long run. ...More
By Jaspreet Kaur
January 09, 2019
The Benefits of the ayurvedic products are manifold, consumers should opt-in for ayurvedic products ...More
By Jaspreet Kaur
January 09, 2019
Today, drugs and medicines are not sufficed to treat the patients. The patients require something mo ...More
By Jaspreet Kaur
January 05, 2019
Online business of beauty cosmetics is an effective way to earn recognition in the market and maximi ...More
By Jaspreet Kaur
January 05, 2019
To receive enormous customer orders, the furniture maker needs to demonstrate his expertise and seco ...More
By Jaspreet Kaur