Page 19 - WOMEN IN BUSINESS

WOMEN IN BUSINESS

The Advantages and Disadvantages of Being a Woman

Entrepreneur

As an entrepreneur, you will have advantages to help you succeed. Unfortunately, there will also
be disadvantages. As a woman taking on entrepreneurship, however, you may face challenges

and develop strengths differing from what a man may experience during his entrepreneurial
career. It’s important to identify these possible issues so that you may use your advantages to

become a successful businesswoman and learn how to overcome the disadvantages holding you
back.

The Disadvantages

Networking

Women are less likely to have relationships with people who have networks or connections to

help launch and sustain a business. Not only does a network provide valuable information
needed to successfully create a business, but it also provides a mentorship as well as referrals

you may need for future expansion. Due to the tendency of the highest levels of corporate

leadership to be mostly occupied by men, it is difficult for female entrepreneurs to find a woman
in a high occupational seat to seek advice from.

Family Needs

It can be difficult for women to devote the time needed for a business to become successful if

they have young children who require constant attention. Trying to launch a business may take
up all of your time and this can often put strain on obligations to your family. It is important to

schedule your work life with your family duties in mind. As an entrepreneur, you are the boss

and therefore you set the hours needed for your business to grow.

The Advantages

Strength in Emotional Intelligence (EQ)

Leadership studies reveal that having high emotional intelligence may prove to be an advantage

in business. Having a high emotional intelligence quotient is an important factor in leadership

and studies have found that women, on average, have an edge over men when it comes to this.

18