The World Economic Forum thinks 2023 will launch a fresh era in entrepreneurship, one that’s more diverse, socially considerate, and okay with handling multiple ventures. This new period of business ownership is a fantastic chance for women entrepreneurs, as they bring a lot of bravery, willpower, and creativity to the table.
Here are 14 tips I’ve learned over the years:
Connect with people who can assist you get started or who know someone who can. Attend networking events, join relevant organizations, and reach out to other thriving women entrepreneurs in your community.
Don’t be afraid to ask for help and advice from people you admire. Most women entrepreneurs are happy to share their knowledge and experience.
A business mentor can provide valuable direction on how to start a business as a woman. And support as you navigate the challenges of being a business owner. SCORE mentors are a fantastic resource for women entrepreneurs.
Surround yourself with a group of supportive people who believe in you and your business. Your pod can provide advice, encouragement, and even practical support.
Learning on how to start a business as a woman and at the same time starting your own business can be more expensive than you might think. Save as much money as you can before you launch your business.
Trade skills with other businesses to save money on marketing, accounting, or other services you need.
Consumers are more inclined to support women-owned businesses. Use social media and your website to tell your story and showcase your company.
Don’t rush to hire a full staff. Begin with part-time employees, independent contractors, and interns to save money and gain experience.
Don’t attempt to do everything yourself. Delegate tasks to others so you can focus on the big picture.
There’s no perfect balance between work and family life when you’re starting a business. Be realistic about what you can achieve and ask for help when you need it.
Rejection is a common aspect of entrepreneurship. Don’t let it discourage you. Keep pitching your business and learning from your mistakes.
Perfectionism can hold you back. Focus on getting your product or service to market as quickly as possible, and then iterate and improve based on feedback.
Believe in yourself and your business. Your pod, mentors, and network are there to support you. Fake it till you make it, if you need to.
Starting and running a business is hard work. There will be challenges along the way. Don’t give up on your dreams.
With hard work, persistence, and the right support, women entrepreneurs can achieve great success.
When you have a strong why, you are more likely to make decisions that are aligned with your goals and values. You are also more likely to persevere in the face of setbacks, knowing that there is something bigger than yourself at stake.
Here are some examples of strong whys for women entrepreneurs:
Having a strong why will not only help you achieve success in your business but also enrich your life in many other ways.
If you’re facing a challenge and would like to discuss it further, just enter your email and a short description of your problem, and I will be in touch soon.