Do you want to become your own boss and conquer the world? Do you want to turn your passion into your profession? Seeking female entrepreneurs' success secrets for motivation? This is it. This is your sign.
Thanks to liberation, women are finally coming out of their bubble and embracing their dreams of running their own businesses in a world that has always been dominated by males. Today women own over 11 million companies all over the world, and the number is still on the rise, especially since 2017.
Do you know what else is interesting? It is not just female entrepreneurs who are on the rise, it is female visionaries too.
So, if you are a woman aspiring to become an entrepreneur but you do not know where to begin, don’t worry. We have got you covered.
Female Entrepreneurs’ Success Secrets
In this article, we have put together female entrepreneurs' success secrets that will provide you with the gist of how to proceed forward in your entrepreneurial journey.
So, are you ready?
1. Today, stop dreaming and start doing
Most successful female entrepreneurs consider this as the first step towards unlocking success in life.
Miki Agarwal, who is the founder of multiple social enterprises, including WILD and TUSHY, encourages women to be who they are. She urges them to at least do something, even if it does not have to be anything extraordinary. If women really want to change the way our society perceives them, they need to stop dreaming and start doing immediately.
2. Be very observant
When you observe and pay attention, you’d know what the world is in need of. Every little thing matters. Every little detail matters. Have a childlike sight. Question common things that not everyone would seem to take care of.
The most successful women entrepreneurs out there could identify and recognize the problems that people had to deal with. It was only because of the great observation skills that they could capitalize on these opportunities and make it up the ladder of success.
Also read: Aditi Balbir Talks About Female Entrepreneurship
3. Do not hesitate to take risks
This is one major factor that holds most women entrepreneurs back from being successful. Their fear of taking risks and failing.
Risks are an inevitable part of every business. Sometimes women are so consumed by their fear of failing that they often end up abandoning their dreams. Risk-taking is one of the most crucial elements that come under entrepreneurs’ success secrets.
Oprah Winfrey, Arianna Huffington, and Kiran Mazumdar are some globally successful women entrepreneurs who have made it to the top only because of their willingness to take risks.
4. Many people are behind your success. It’s not just you alone
This secret has been revealed by one of the most successful women entrepreneurs, Delilah Fischer, who is the co-founder of Westwing. She believes her company wouldn’t have been successful if it weren’t for her colleagues who helped her transform her dream of having an online business for interiors.
Delilah, in an interview, admits that her biggest mistake as a startup entrepreneur was thinking that she could pave her path alone. She thinks it is okay to ask for help.
5. Build network
If you are a businesswoman with no resources, your business is doomed to fail sooner or later. A strong business needs a strong network in order to get established.
Everything about your business depends on how strong your network is, from purchasing raw materials to getting hold of big and potential clients.
Also read: 10 Creative Female Entrepreneur Ideas
6. Do not try to imbibe someone else’s vision of success
Every woman entrepreneur who is successful today is so because of their individuality and their potential. This secret comes from the founder and CEO of ‘The Muse’, Kathryn Minshew.
She feels that you are wrong if you are trying to do something because you have seen somebody else doing it or because you have been asked to do it. Success is directly linked with how willing you are to turn your goals into living dreams.
7. Best innovations may not seem the best initially
Great ideas come out of nowhere. Every idea needs to be examined thoroughly, no matter how weird or stupid it may sound to you.
Morgan DeBaun, in an interview, emphasizes this secret as she shares with her audience how much she had been asked to step back from her project because it seemed like nothing but an an act of impulse to everybody.
8. Take feedbacks
What could possibly go wrong with taking feedback from valuable customers and friends? If there’s anything that can help your business grow, it is this ‘feedback’.
Always take the negative criticism sportingly and try to retain the positive impression that people have of your business throughout your entrepreneurial journey because once you have set your foot in the entrepreneurial world, there’s no going back. The only smart move to make would be to take calculated risks and continue moving forward keeping the feedback in mind.
Also read: Encouragement of Women Entrepreneurship
9. The secret ingredient is persistence
With the rest of the things aside, if as an entrepreneur you let yourself drift away from your objective because of some temporary roadblock, then we are afraid to tell you that entrepreneurship is not for you.
Persistence is what is going to keep you going through all the odds of your business. Do you think a certain problem you encountered has no solution? Think again and continue thinking till you get over that problem. This is one of the biggest women's success secrets that nobody talks of.
Long gone are the days when entrepreneurship was restricted to the male members of society only. The entrepreneurs’ success secrets are a combination of determination, hard work, perseverance, a little support from loved ones, and of course, a strong network.
In the book ‘female entrepreneurs: the secrets of their success by John Smythe and Ruth Sanders, they encourage every budding woman entrepreneur to consider their dreams of having their own business by providing useful insight on how they can have their own setup. This book can be a perfect inspiration for those women who have dared to dream.
These female entrepreneurs' success secrets should be enough to get you started on your ideas already.
So, what else are you waiting for?
Also read: Women Entrepreneurs in Tech