Normally, entrepreneurship is typically thought of as male-dominated arena. However, with 1,821 net businesses started by women worldwide every single day, it’s clear that women are definitely a part of the powerhouse structure when it comes to business. At Hazil Studios, we work with incredible businesses, and more importantly, entrepreneurs every single day. But, with 804,398 new businesses founded in the US in 2020 alone, we wanted to look at a specific realm of entrepreneurship: women. So, why are women such powerful entrepreneurs?
Female Entrepreneurs Know When To Ask For Help
Female entrepreneurs understand when it’s necessary to be honest about a business issue and when to ask for guidance. Guidance and support could be in the form of a business coach, mentor or even outsourced work for whatever arena they’re not experts in. As a female entrepreneur, their business is their expertise, which is why they know when the time is right to seek assistance.
Female Entrepreneurs Prioritise Well-Being
Life as an entrepreneur can be exceedingly lonely, especially with half of America’s CEOs experiencing loneliness, according to CNBC. Understanding this dark side to business ownership, female entrepreneurs know the power and importance of prioritizing wellbeing. Practicing mindfulness and self-care means actively networking (to ensure that you’re expanding your network of support), exercising, and creating a routine to help keep the ironic noise of solitude at bay.
Women Understand the Power in Mentoring
Powerful women understand the empowerment that comes with speaking to other women, that’s why women are more likely to have mentors than men. Mentorship between women fosters an environment of growth, learning and thriving. Women supporting other women in business is simply a genius byproduct of working smarter.
Women Are Community-Minded and Want to Help
Female entrepreneurs find incredible ways to help others thrive in collaboration. While women can be competitive, they are also nurturing, and see the value in bringing other women into their networks to achieve and win just as they have. Plus, female-led businesses are often driven to help.
Female-Entrepreneurs Do More With Less
Typically in business, women have to shatter the glass ceiling every single day. This is no different in entrepreneurship. With fewer opportunities, less investment, and less professional help typically available to women, they are more willing to work hard, study, network, and mentor to get to where they deserve to be.
Though seemingly disadvantaged in terms of funding, opportunities, and mentoring, it’s clear that there is power in female entrepreneurship. Feminine leadership skills, such as empathy and nurture-led leadership, is evident in an entrepreneurial setting, by the creation of jobs, networking opportunities, and room for growth. Women also understand the importance of wellbeing and maintaining a routine - potentially aiding the loneliness that is so common in an entrepreneurial journey.
At Hazil Studios, we admire all entrepreneurs. The determination and endurance entrepreneurs show is unbelievable at the best of times - but there’s a special power in female entrepreneurs.