Women are considered underdogs in much of the financial world, including entrepreneurship. This is despite continuing evidence of amazing success. The old school stigma of women is unwarranted, and in fact is likely completely the opposite of what it should be. Studies continue to show that females are likely wired in ways that allow them to be much more easily successful at business ownership than their male counterparts. Here are some reasons why.
“In all realms of life it takes courage to stretch your limits, express your power, and fulfill your potential. It’s no different in the financial realm.”– Suze Orman
Women are Courageous
Consider what women have had to face over the years. They are often looked at as nothing more than objects of lust, and until recently they were often considered nothing more than the property of a man. They were stereotyped as the weaker and dumber sex. Despite all of this, the world still has numerous strong, successful women in powerful positions. Such things could not be possible against such great odds were it not for the courage ingrained in women as a survival mechanism. What else could cause a mother to protect her children at all cost but amazing courage that stems from the love wired into their very being?
This same courage is extremely useful as a business owner. It takes courage to step out and make an entrepreneurial dream a reality. Borrowing funds, hiring employees, selling, and everything else that goes into making a dream a reality requires courage.
Women are Bold
Females are inarguably bold. This entire gender could not vote went out, fought for, and won the right through an amendment to the Constitution. This same boldness serves well in business ownership. This is perhaps most evident with regards to obtaining financing. It is one thing to believe in an idea, but it is another to be bold enough to try to convince someone else to believe in it enough to give you money for it. Women-owned businesses have many resources, such as Biz2Credit.com that can help. The online funding platform connects small business borrowers with banks, credit unions, microlenders and alternative lenders that offer products that fit their needs. Often these are designed specifically to fit the needs of women-owned companies.
Women have heart. The adage that the woman is the heart of the home would be just as true if it said that women were the heart of business. Owners must truly care about customer service, customer satisfaction, and their employees, too. Women tend to do this better than men by their very nature.
Though long considered the weaker sex, women can give birth and be back to housework within a few days. They are built to last, to roll with the punches, and to get back up when knocked down. Few qualities in a business leader are more important than this.
There is nothing that says that every time every woman will be a better business owner than a man. However, there is no doubt that in the very way they are wired women in general definitely have some qualities that allow them to be easily successful in this area.
This article was submitted by Faith Stewart. Faith Stewart has a BBA with a major in accounting and spent 10 years working in the various aspects of accounting and finance before pursuing her passion for writing.