WHAT DO ENTERPENURSHIP MEAN. An entrepreneur is an individual who owns a firm, business, or venture, and is responsible for its development. Entrepreneurship is the practice of starting a new business or reviving an existing business, in order to capitalize on new found opportunities.

Generally, entrepreneurship is a tough proposition as a good number of the new businesses fail to take off. Entrepreneurial activities differ based on the type of business they are involved in. It is also true that entrepreneurial ventures create a number of new job opportunities. A large number of entrepreneurial projects look for venture capital or angel funding for their startup firms in order to finance their capital requirements. Besides, government agencies and some NGOs also finance entrepreneurial ventures. Entrepreneurship is often associated with uncertainty, particularly when it involves creating something new for which there is no existing market. Even if there is a market, it

may not translate into a huge business opportunity for the entrepreneur. A major aspect in entrepreneurship is that entrepreneurs embrace opportunities irrespective of the resources they have access to. Entrepreneurship involves being resourceful and finding ways to obtain the resources required to achieve the set objectives. Capital is one such resource. Entrepreneurs need to think out-of-the-box to improve their chances of obtaining what they need to succeed. According to management experts, vast majority of entrepreneurs desire to be in control of their own life and they can’t find this beyond entrepreneurship. Studies have

entrepreneurs feel that they are better off starting a business of their own.demonstrated that people derive great satisfaction from their entrepreneurial work. A number of entrepreneurs are of the opinion that managing their own business offers far greater security than being an employee elsewhere. there is the increasing awareness about entrepreneurship. Additionally. They feel entrepreneurship enables them to acquire wealth quickly and cushion themselves against financial insecurity. an entrepreneur’s future is not at peril owing to the faulty decisions of a finicky employer. while some people feel that being employed is less risky. So. Today. People aren’t .

As a person gains greater insight into business and entrepreneurship. Such entrepreneurs are referred to as “serial entrepreneurs. They are following one business with another.confining themselves to one business. CHRACTERISTICS OF ENTERPENEUR 12 Essential Characteristics of an Entrepreneur . Level One: The Self-Employed Mindset The emotional driving force behind the selfemployed person is not security but a desire for greater control over . .” Sometimes these entrepreneurs become angel investors and invest their money in startup companies. his chances of succeeding in business improve.

By not taking help from others they not only cut themselves off from valuable talent. Because they want to go it alone. Unfortunately. They want to do things their own way. They want more autonomy. And they usually begin by creating a situation where they do the same type of work they did while an employee. but they also create a situation where they will never experience freedom. they often do so at their own peril. career. and destiny. intelligence. Relinquishing that control to a boss every day from nine to five is not their idea of happiness. and they believe that they could do their job just as well without an employer – and perhaps without the need for other employees. feedback. but they figure out how to do it by themselves and for themselves. .his or her life. and experience that others could offer in the form of assistance. many of the primary objectives of the person setting off to become an entrepreneur with the self-employment mindset are pitfalls or traps.

and a great majority of these self-employed people fail in a short amount of time and wind up going back to work for someone else. and they don’t picture creating an enterprise that thrives on involving others in a teamwork effort. . they always bring work home with them. their job becomes all-consuming. They make the mistake of not envisioning a business that will run by itself without their constant supervision and handholding.Many small business owners with a strong do-ityourself attitude only succeed at creating a new job for themselves. Their motto is “Why have someone else do it when you can do it better yourself?” and they often promote their business by telling customers “When you deal with this outfit you only deal directly with me. and they work overtime with no financial compensation. not a new career or profitable company. They never get a day off. And as a solo performer.” Soon they get burned-out.

Those ingredients contribute to a recipe for entrepreneurial success because they force one to evaluate the entire business system from a new and fresh perspective. That premise of designing a business that works for its owner – rather than the owner working for it all the time – is vital for becoming a real entrepreneur versus becoming simply the most important employee of one’s own selfemployed venture. and relying upon others for help. And they set the stage for working on the business without having to actually be physically in the business on a day-to-day basis. Those who understand that fact can rise to the next level of entrepreneurship. that trajectory puts one into a position of learning.One of the greatest blunders is that these selfemployed entrepreneurs try to replicate the same job they had before. being open-minded. While it may seem counterintuitive to strike out in a different direction and into unfamiliar territory. in the same area of experience. selling a product or service they already know. Level Two: The Managerial Perspective .

They throw extra bodies at the problem. Another mistaken belief that is common to this mindset is that the route to success is through growth – not profit growth but overall structural growth of the enterprise itself. but this only aggravates the situation because it fails to address the underlying root cause of the difficulty or lack of profitability. bigger is not necessarily better unless and until the fundamentals are sound and efficient. the solution lies in hiring more employees. Growing larger to fix the problems of a small business only generates a much bigger company with problems that are expanded. magnified.Those with a managerial outlook are often in a great position to succeed as entrepreneurs. Once again. Many managerial entrepreneurs go into bankruptcy thanks to vigorous growth. but they never figure out why. Many managers believe that if a business is not working. and much more expensive to remedy. . expect for two big misconceptions that lead to massive problems.

Level Three: The Attitude of Owner/Leader . Those who say they can’t find good employees usually mean they lack what it takes to attract or create good employees – and as a consequence they also lack what it takes to succeed as an entrepreneur. but to be a leader – one who knows how to inspire and train others to rise to greater heights – is a rare quality. But those who not only manage but also lead can rise to the next level and become owner/leaders – one step closer to the real definition of an entrepreneur. To give orders and be in charge requires no great skill or aptitude. managers themselves are able to delegate aspects of their business to others and set higher goals. even if that means sacrificing the talent or potential of employees.A third misstep common to the managerial attitude is that the entrepreneur wants to be the boss. Managers who become leaders succeed because they accept the challenge and responsibility of ensuring that others under their wings also succeed and flourish. By getting the most out of employees.

and free time. Rather than being the only person who could get the job done the best. This kind of entrepreneur has created an organization that is more self-sufficient and self-sustaining. personal freedom. The owner/leader can therefore focus not so much on sales and revenues. but on net profits.The entrepreneur who attains the level of an owner/leader enjoys remarkable benefits by knowing how to step aside and let the business – and those employees working in it – operate as a profit center not reliant upon the owner’s constant hands-on participation. Level Four: The Entrepreneurial Investor . While the business continues to run smoothly – and generate more transactions – the owner/leader concentrates on fine tuning it for increased profitability while letting others handle the day-to-day operational details. this leader has passed that torch of responsibility and expertise along to others who now enjoy for themselves a greater level of career achievement. and by doing so has created more wealth.

is still to turn a profit. So rather than remaining at the helm of these companies the investor will buy them. the investor can get into the career of not just selling basic products and services. buying (and perhaps refurbishing) businesses. of course. the entrepreneur who has succeeded this far can begin to accept another exciting challenge. The goal. and the entrepreneurial investor will often leverage the success of the first business to create a second or third company based on the same model or system.With a business that generates profits. By franchising the original venture or buying other healthy businesses. ensure that they have valuable equity or attractive allure and potential. that of managing money so that it works to produce more money. The focus becomes finding. but of selling entire businesses. Investing for maximum returns involves smart leverage of assets. and then sell them to other entrepreneurs or wouldbe entrepreneurs. in the same way that a real .

Rather than dealing on the level of isolated actions and reactionary tactics. The challenge is to avoid falling back into the role of running a business as an administrator or Smanager. in other words. and the rewards – both . rehabs them. Then the investor becomes more of a director or silent partner who shares in the profits while enjoying the relief of not having to share the routine responsibilities of running the business from the inside. and economic investor locates homes. services. Working smart replaces working hard. the entrepreneurial investor has risen to the level of broad and comprehensive strategies that work across all sorts of products. and then flips them for a profit. and to meet this problem with a viable solution the entrepreneur will typically appoint someone else to take the reins of the company as the president or CEO. This all becomes possible because the entrepreneur has not just created a business but has also designed excellent systems for keeping it going.

Talk about it to others as if it were real and continue to have a personal dialog with the ideal to make it come true. #2: Visualization – Picture the ideal world as a reality and begin to clarify this vision on a daily basis. things . filling in more details each and personal – are abundant. it is possible to reach the ultimate goal and realize one’s dreams in a really life-changing way. #3: Verbalization – Begin to put words to the dream and talk of it as if it was already happening. Level Five: The True Entrepreneur Having learned new things every step of the way and evolved through various stages of entrepreneurial accomplishment and insight. The true entrepreneur experiences a paradigm shift that involves a four-step process of changed thinking: #1: Idealization – Imagine gigantic. allencompassing dreams for creating the ideal world. #4: Materialization – Because the effort and intention of designing and believing in the ideal and the dream.

The idea becomes a real and tangible fact that materializes in the world and influences others while opening new doors to fresh opportunities and the birth of more dreams.begin to fall into place and happen in a natural and automatic way. and more entrepreneurial power. and an income earner whose income is passive. The money made does all the work for the entrepreneur to create more money with a snowballing effect. more profit centers. These women and men profit in all situations and add to their wealth by acquiring more paper assets. The true entrepreneur is a dreamer whose dreams come true. Money comes automatically from profitable ventures that feed success with more success but do not require extraneous work. A Dozen Characteristics Essential for Entrepreneurs By examining the five phases or levels of entrepreneurship we gain a better understanding of the fundamentals that .

Not all of us are born with confidence. While – quite naturally – individual entrepreneurs have many unique traits that are not common to other entrepreneurs. and a special drive and willingness. Rather than elaborating on the many differences within this broadly diverse demographic. And we begin to notice certain traits that are common to all successful entrepreneurs. #1) Confident Confidence is a hallmark of the entrepreneur. all entrepreneurs do share a kindred spirit. but that does not mean we are not capable of it. Many confident women and men gain their sense of self esteem and faith in their ability to greet . a certain type of constitution and outlook.distinguish ordinary entrepreneurs from the extraordinary ones. it is more helpful to look at those aspects of similarity. Here are 12 characteristics that are found within all successful entrepreneurs – and without which most people will fall short of what it takes to succeed in an entrepreneurial enterprise.

teamwork. In that way the clever entrepreneur uses individual accountability in the ultimate pursuit of profitability. the entrepreneur teaches other people how to take charge. and improving upon situations rather than leaving them unattended. . leaving things in better shape then they were before encountering them. the entrepreneur sees it as his or her own and takes pride in finding a solution. While a sense of ownership makes for a stellar employee. Rather than controlling situations in an attempt to possess them. #2) Feels a Sense of Ownership Taking responsibility for getting things done – and doing them with care and attention – means to act like an owner.challenges by acting – even when they lack the confidence – and then gaining strength and belief in themselves by seeing the results and gaining the praise and respect of others. Rather than viewing a problem as someone else’s. the entrepreneur knows that the goal is not to be owned by the enslavement of too much responsibility.

search engine optimization or neurolinguistic programming as it relates to sales and marketing. The entrepreneur works to hone communication skills. Human resources – whether in the form of clients. whether those are written. And to support communication. computer and telecom technology. he or she will take advantage of all available tools and resources. employees. or specialized writing such as that needed for grants. Those might include foreign language or public speaking classes.and overall success. mission statements. and communication is the key to successful relationships with people. or nonverbal messages conveyed through body language. spoken. or strategic partners – are what makes or breaks a business. #3) Able to Communicate Entrepreneurs recognize that the most important part of any business is the human element. the entrepreneur develops a keen ability to . or policy manuals. Above all. business proposals.

To teach is to learn. and impart experience to others the entrepreneur is constantly striving to learn more and get better educated. shortcomings. ego. or errors in judgement. They entertain . asking questions. or a blindness to one’s own faults.listen and hear what others are trying to say. And to lead. which means that much of what they know they learned not in a formal classroom setting but instead on their own by seeking out information. Because of the passion for education. They also are quick to learn from their own mistakes. which means they are less prone to keep repeating them due to arrogance. train. because the best communicators got that way by first being the best listeners. and doing personal reading and research. #4) Passionate about Learning Entrepreneurs are often “autodidactic” learners. true entrepreneurs surround themselves with people who either know more than they do or know things that are different from what they know.

the views of others and perspectives that may be unlike their own. team players know how to succeed by employing the physics of interpersonal synergy and dynamic relationships. They shoulder the whole burden for themselves. and wind up just trading their old job for a new and more demanding one – in an attempt to be self-employed. for instance. in order to be better students of human nature. In this way they continue to enrich themselves with knowledge while also making a concerted effort to grow that knowledge by sharing it with others who are also front row students of life’s valuable and unlimited lessons. but a bundle of those small twigs becomes . One twig can be easily snapped. But the new venture carries greater personal and financial risks. On the other hand. #5) Team Player Those who go into business for themselves but do not utilize teamwork wind up without the team but still have all the work to get done.

the entrepreneur will first examine and study the system – because a flaw in the system will produce a flawed outcome each and every time. The same goes for businesses. Entrepreneurs rely upon systems before they rely upon people. good systems allow us to reproduce great results every time – with less and less exertion of energy or resources. and they look for systembased solutions before searching for human resource solutions. #6) System-Oriented Like mathematical formulas.stronger than the sum of its individual parts and can be impossible to bend. If the person gets the job done but falls sick or leaves. anyone can step in and follow the blueprint to get the desired result. much less break. the job is threatened. But if a system is created to get the job done. Similarly. and successful entrepreneurs leverage teamwork to get the heavy lifting done without breaking stride. Designing. when troubleshooting and problem solving. .

and dreams.implementing. #7) Dedicated Entrepreneurs dedicate themselves to the fulfillment of their plans. #8) Grateful Being grateful for what we have opens us up to receive more. No matter what that might mean in terms of rising to meet a challenge or acting above and beyond the call of duty. Regardless of what the effort might involve. an entrepreneur brings a single-minded dedication to the task by being committed to a positive outcome and ready and willing to do the needful. One of the biggest reasons that companies fail is because they lose focus. visions. and one reason that is true is because those who are . and narrow the margin of error. Target a goal. and that tenacity of purpose generates electricity throughout the whole organization. refine the brand. the entrepreneur shows steadfast dedication. and perfecting systems is one of the most useful and rewarding skills of an entrepreneur. clarify the objective.

helping to give . They respect it and nurture it. or disappointments are relegated to the past so that they cannot continue to haunt the present or obstruct the future.grateful appreciate what they are given. and the pleasure that comes from one’s accomplishments and contributions. And when things go right and business prospers. #9) Optimistic A positive outlook is essential for the entrepreneur. satisfaction. failures. That gives them the agility and flexibility to adapt to changes and demands. but are about fulfillment. Entrepreneurs learn to take nothing for granted in this world. They do their best to make it grow instead of allowing it to dwindle away due to neglect. Past shortcomings. this further fuels the optimism and positive mindset of an entrepreneur. who learns to see setbacks as bargain priced tuition for the valuable business lessons gained through firsthand experience. while it also invests in them a thankfulness that reminds them that riches and wealth are not about “stuff”.

entrepreneurs tend to be socially outgoing. #11) A Leader by Example Entrepreneurs not only lead themselves through self-motivation as self-starters who jump into tasks with . career counselors. and that excitement is contagious to their employees. and business psychologists all agree that those who do jobs they enjoy and are good at have higher rates of success and broader measures of satisfaction. and they tend to be a fun-loving group of people both on and off the job. But women and men who work hard as entrepreneurs also relish the unique opportunity to have fun doing something that they love as their primary vocation. clients. Entrepreneurs know that firsthand. and services. #10) Gregarious Because business is all about people. friends.impetus and momentum for greater accomplishments and increased hopefulness. from their own experience. They get excited about sharing ideas. products. and other contacts both within and beyond the business sphere. Human resource experts.

True leaders do not become indispensable. hence they gain power not only by constantly giving it away. but also by not grabbing it back.” #12) Not Afraid of Risk or Success Many people could be successful if they only took chances. “Leaders who share their power and their time can accomplish extraordinary things. As renowned business consultant and retired United States Air Force Major General Perry M. And many people who do take chances and become . Neither do they squander the potential of those working under their guidance. and reward them accordingly. Smith once wrote. The best leaders understand that leadership is the liberation of talent. and they understand the need to appreciate others. They know the importance of teamwork.enthusiasm. otherwise things fall apart in their absence and they can never rise to the highest level of entrepreneurial freedom and prosperity. but they are also skilled at leading others. support them.

The attitude. the employee mindset is preoccupied with a need for security. frustration. personality. and character that define the successful entrepreneur are sometimes hard to pinpoint. passion. aptitudes. and personal traits help to contribute to an entrepreneurial spirit. Recognizing the Entrepreneur Within Many different types of people are drawn to entrepreneurship and a wide variety of talents.somewhat successful find the realization of their dreams an overwhelming possibility. Those who cling to what is familiar to them – even if it means the denial of their dreams – lack the perseverance and ambition that the real entrepreneur exhibits. drudgery. so they sabotage their continued success by retreating back into a comfort zone of smallness. mindset. or sum up in a profile. But they prioritize their approach to life so that the fear of failure. specify. and vision. and dissatisfaction far outweighs the lingering fear of success. boredom. As discussed earlier. Entrepreneurs are not immune to fear. .

Otherwise a man or woman may risk time. desire. and it is important to understand that fact. nurture and develop them. effort.But it is always easy to recognize in an individual or spot in action within the business arena. energy. For others who are ideally fitted for an entrepreneurial career – and for whom it represents the fulfillment of their potential. years. and personal and financial dreams – knowing how to verbalize. and money trying to go into business for themselves – only to discover that it is not what they want out of life or what they are best suited to do. and financial resources in pursuit of the wrong career path. People who take the wrong path because they lack insight or understanding can waste valuable months. By examining some of the more predominant qualities of the true entrepreneur it is possible to emulate them. Not everyone is cut out to be an entrepreneur. or to acknowledge whether or not we are actually suited to an entrepreneurial career. and define the fundamental . list.

Learning about the symptoms and traits of the entrepreneur can give added hope.essential temperament or nature of an entrepreneur can help tremendously. . and determination when we realize that we. foresight. fuel. share that winning attitude. And grasping in a practical and tangible way the disposition of the successful entrepreneur can give us a wonderfully inspiring boost of confidence. It can help us reach objectives en route to greater attainment of higher goals and bigger benchmarks. Having an inventory or checklist of particularly desirable qualities to refer to as a guideline can offer a way to better clarify our sense of purpose. too. and impetus as it resonates with what potential entrepreneurs already know about themselves and their personal aspirations.

FUCNTIONS OF ENTERPENEURSHIP An entrepreneur performs a series of functions necessary right from the genesis of an idea up to the establishment and effective operation of an enterprise. He carries out the whole set of activities of the business for its success. According some economists. 4. product design. and 5. Risk-bearing function: . 3. the functions of an entrepreneur is classified into five broad categories: 1. Organisational function. 1.Decision making function. He is thus a nucleus of high growth of the enterprise. marketing and organisational structure. Risk-bearing function. Innovative function. 2. formulates operating policies for production. He recognises the commercial potential of a product or a service. Managerial function.

In simple terms such risks are known as uncertainty concerning a loss. skill and good judgement. The entrepreneur. 2. The entrepreneur assumes all possible risks of business which emerges due to the possibility of changes in the tastes of consumers. J. Such risks are not insurable and incalculable. Say and other have stressed risk taking as the specific function of the entrepreneur.The functions of an entrepreneur as risk bearer is specific in nature. risk bearing or uncertainty bearing still remains the most important function of an entrepreneur which he tries to minimise by his initiative. Thus. "is the economic functionary who undertakes such responsibility of uncertainty which by its very nature cannot be insured nor capitalised nor salaried too. modern techniques of production and new inventions." Richard Cantillon conceived of an entrepreneur as a bearer of non-insurable risk because he described an entrepreneur as a person who buys things at a certain price and sells them at an uncertain price. according to Kinght. Organisational Function: .B.

By selling the product in the market. 3. he describes an entrepreneur as an organiser who alone determines the lines of business to expand and capital to employ more judiciously. Say as a function whereby the entrepreneur brings together various factors of production. His definition associates entrepreneur with the functions of coordination. organisation and supervision. Innovative Function: The basic function an entrepreneur performs is to innovate new products. He is the ultimate judge in the conduct of the business.Entrepreneur as an organiser and his organising function is described by J. rent on land and wages to labourers and what remains is his/her profit. services. an entrepreneur is one who combines the land of one. the labour of another and the capital of yet another and thus produces a product.B. he pays interest on capital. In this way. ideas . According to him. ensures continuing management and renders risk-bearing functions as well. Marshall also advocated the significance of organisation among the services of special class of business undertakers.

and informations for the enterprise. the entrepreneur foresees the potentially profitable opportunity and tries to exploit it. He is always involved in the process of doing new things.A. i. According to Peter Drucker. Introduction of a new method of production technology which is not yet tested by experience in the branch of manufacture concerned. Whenever a new idea occurs entrepreneurial efforts are essential to convert the idea into practical application.e. . J. "Innovation is the means by which the entrepreneur either creates new wealth producing resources or endows existing resources with enhanced potential for creating wealth". innovation. Schumpeter considered economic development as a descrete dynamic change brought by entrepreneurs by instituting new combinations of production. As an innovator. According to him innovation may occur in any one of the following five forms. The introduction of a new product in the market with which the customers are not get familiar with.

etc. marketing. irrespective of whether this source already exists or has first to be created. product analysis and market research. organising. motivating and controlling in the enterprise. Managerial Function: Entrepreneur also performs a variety of managerial function like determination of business objectives. staffing.The opening of a new market into which the specific product has not previously entered. The carrying out of the new form of oranisation of any industry by creating of a monopoly position or the breaking up of it. In large establishments. co-ordinating. recruiting and selection. these managerial functions of the entrepreneur are delegated to . 4. The discovery of a new source of supply of raw material. recruitment of men and undertaking. purchasing. He provides a logical and scientific basis to the above functions for the smooth operation of the enterprise thereby avoids chaos in the field of production. He also undertakes the basic managerial functions of planning. formulation of production plans. directing. of business operations. organisation of sales procurring machine and material.

He is the decision maker of all activities of the enterprise. A.the paid managers for more effective and efficient execution. . He determines the business suitable for the enterprise. Decision Making Function: The most vital function an entrepreneur discharges refers to decision making in various fields of the business enterprise. He decides in introducing advanced modern technology in the enterprise to cope up with changing scenario of manufacturing process. He decides in securing adequate financial resources for the organisation and maintains good relations with the existing and potential investors and financiers. Cole described an entrepreneur as a decision maker and attributed the following functions to him. objectives He develops an organization and creates an atmosphere for maintaining a cordial relationship with subordinates and all employees of the organization. 5. H.

by becomes an entrepreneur.He decides the development of a market for his product. Beside it. taste and preference. en_US preservearticles ADVANTAGES& DISADVANTAGES OF AN ENTERPENEUR The term entrepreneurship in business has advantages and disadvantages. develops new product or modify the existing product in accordance with the changing consumer's fashion. The advantages of being entrepreneur are people can earn a lot of money from their business. manage. It is caused that the people who are entrepreneurs should organize. He also decides to maintain good relations with the public authorities as well as with the society at large for improving the firms image before others. It can happen if their business is very interesting to the customers. and calculate the risks of their business by . And that condition can make the business is more famous in society. people can determine their future by themselves.

they can fall down and fail. Even. It is because they have to work for long hours to manage the business. The important thing is an entrepreneur will take the benefit for him of herself only. On the other hand. the people who are entrepreneurs will not have more time to just relax or refreshing. if they cannot handle the business. a "women entrepreneur" is any women who organizes and manages any enterprise. In some cases. that condition will not happen. While in the active and creative entrepreneurs. a business. an entrepreneurship also gives some disadvantages for the people. Entrepreneurs organize and manage the business by themselves. For example. MEANING OF WOMEN ENTERPENEURSHIP Technically.themselves. that condition was happened to the passive and uncreative people or entrepreneurs. esp. . So thus an entrepreneurship can lead the people to earn a lot of money and as the stock for the future. usually with considerable initiative and risk.

to be your own can provide details about "women entrepreneurs" and "womenowned Read more: http://wiki. quite often the term "women-owned business" is used relative to government contracting.S. and live life on your own terms. An organization like the U.answers.However. In this instance. the entrepreneur (a woman) owns (more than 50%). controls and runs the enterprise.uswcc. Women's Chamber of Commerce (http://www. You have a strong desire for _women_entrepreneur#ixzz1nqyaZCYc CHARACTERISTICS OF WOMEN ENTERPENEUR Top 10 Characteristics of Women Entrepreneurs 1. .

a strong decision maker. You are a calculated risk-taker with a higher-than-normal tolerance for failure and consider failure a nonissue. You are a big-picture thinker capable of seeing how everything relates to each other . 3. You like to be in control and call the shots. You have a high level of energy that is sustainable over a long period of time. 10. 6. 4. 8. grand parents. not needing or wanting others to tell you what to do. 9. 5. or relatives. You are creative and innovative. You had childhood experiences as a budding entrepreneur and/or entrepreneurial parents. and able to think quickly on your feet.2. You are highly self-motivated and are indefatigably fearless when it comes to getting the job done. You have a powerful drive to make money and accumulate wealth. 7. You are an independent selfstarter. and set things in motion.

having solid business plans with persuasive product or service ideas helps reduce the finance barrier for women. Therefore. However. credit cards and home equity loans. Lack of Networks  Female entrepreneurs are more likely to encounter difficulty because they are less likely to be associated with networks of . female entrepreneurs often get their initial funding from family loans. among other sources." According to Mai Nguyen. savings. When starting a business. it is less difficult for them to obtain startup capital. entrepreneurs need to line up capital to get the business "off of the ground. When women have promising business ideas. women can obtain capital from government startup programs. self-funding and venture capitalists.DISADVANTAGES OF WOMEN ENTERPEANUR Financial Barrier  One of the most significant barriers to female entrepreneurship is the capital financing barrier.

people who can help them launch and sustain businesses. However. business strategy or other critical areas. "Networks" include people who provide mentorship. which can be a challenge for female entrepreneurs to deal with. women business leaders can create their own networks to cultivate the success of female entrepreneurs. these networks should include men who can also be helpful to fundraising. Building and running a new . referrals. which occurs when customers or suppliers discriminate against women-owned firms. Women also face "customer/supplier" discrimination. In response. there are less women available to provide valuable advice to female entrepreneurs. Children may demand their mothers' undivided attention. women are more likely to shoulder a greater share of childrearing duties. Therefore. help and valuable information to entrepreneurs. Family Considerations  In the United States. Men tend to dominate the highest levels of corporate leadership.

The basis of these views are stereotypes about women. while other times can be devoted to family requires a great deal of time. men do not suffer from the same degree of "prejudgment" as do women entrepreneurs. Confidence  Although both men and women can face issues of self-doubt. male business leaders may not believe that their female counterparts can compete or innovate to the degree that men can. or lack confidence to compete in the business market. For example. For example. Having female mentors and confidants can help instill self confidence in your abilities as a female entrepreneur Read more: Disadvantages for Female . Women in this situation must balance their family life with their duties as entrepreneurs. parents can communicate about the need to devote some time during the day solely on business. which may conflict with one's family obligations.

Patience – Inherently.Entrepreneurs | ntages-femaleentrepreneurs. Plus.html#ixzz1nr4bKLnS ADVANTAGES OF WOMEN ENTERPENEURSHIP Emotional Characteristics of Women Entrepreneurs The rule of no crying in business still applies but the emotional aspect of women business owners can actually be a positive in areas such as:    Emotional Intelligence – Women are usually more empathic than men and are able to build strong interpersonal skills that are highly beneficial in business ownership. women seem to exhibit much patience and are more able to keep a . their levels of emotional intelligence often make women better leaders and make them more self-confident Connecting with people – Women enjoy the support group and social networking at work as well as at home and often find it easier to seek out advice and help when http://www.

Women are able to convey to others how they feel about their business and their customers making for a win-win atmosphere between business owner and customer. open the mail. and are willing to self-brand. All of these skills provide women with a sharper competitive edge. slow and steady attitude when needed and are willing to wait longer for the business to grow than the male counterpart. Passion and drive contribute to the self-motivating side of female entrepreneurship. or respond to email all at the same time with effectiveness. .  Exuding multi-tasking. have better listening skills. women can easily talk on the phone. Additional Skills of Women Business Owners Women also have a stronger ability to multi-task. Women have the ability to quickly determine friends and enemies in the business world and are not afraid to base decisions on a gut feeling. Intuition – That undeniable built-in attribute that is hard to understand but easy to follow. to self-motivate.

Listening skills is one of the most sought after characteristic for new hires these days. Women have an inherent ability to listen. All-inall. Skills to Work On The one skill that women need to work on is the ability to take higher risks. They use their intuition to know when to stop talking and stop thinking and just listen to the customer and what they need. happy and responsive entrepreneurs. and their openness to share their passions about their products and services. women make great business owners and have proven themselves to be profitable. Their sales and marketing pitches usually get the customer excited and willing to buy. Opening a business always has an element of risk so women do take risks but they are bit slower when making decisions to expand or grow the business. Being able to listen to the customer allows women to also pick up on buying cues and they remember statements made by the customer that many men just don’t seem to pay attention to. Women can self-market much more easily because of their levels of enthusiasm. .


Rural industries are generally labor intensive with low investment low gestation period.. Labor intensive 2. decentralized production system using traditional skill and local raw materials. under traditional sector and modern sector. agro-based. forest based. polymer and chemical based. Less Capital Investment 4. Decentralized Production . textile and service industry. handloom. engineering and non conventional energy. Use of traditional skill 3. Besides the above characteristics of rural industry. Rural industry covers traditional sector and modern sector. come khadi. rural entrepreneur has the following essential characteristics: 1. handicraft and coir whereas modern sector includes power looms and small scale industries. viz. Under traditional sector as per planning commission. The products are essential mass consumer goods or unique products of artistic and aesthetic native. Khadi and village industries have been grouped in to seven major categories. sericulture. village industry. mineral based industry.

5. they emphasize on less capital investment. it encourages decentralized production.Use of local raw material. They have no capacity to apply modern skill and technology in their industry. As they have no capacity to afford for much capital investment. (iii) Less Capital: Rural entrepreneurs generally invest less capital to produce goods and commodities in their industry. (v) Use of Local Raw Materials: . (i) Labor Intensive: Rural industries are labor intensive because they give more employment of labor than machines. Rural entrepreneurs are generally labor intensive because they give much stress on human capital. (ii) Use of traditional Skill: Rural entrepreneurs give much emphasis on use of traditional skill during the course of production. (iv) Decentralized Production: As rural industries are scattered and operated in a small scale.

. They usually make better and effective use of local raw materials because its transportation cost is less.Rural entrepreneurs make better use of local raw materials during the course of production.

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