Entrepreneurship is a trend on the rise since the start of the 21st century. The business world have seem many independent business owners rise up and become successful with their innovation and creativity redefining business as we know it. It is nothing less of a challenge to be a successful entrepreneur.
Entrepreneurism for Women
Entrepreneurism is like a mountain of the business world where the challenges of starting and building a business are unique, enormous and unpredictable. Being an entrepreneur requires vigilance, brilliance and endurance with minimal margin of error. Entrepreneurs acknowledge and give attention and respect to all the special challenges that they face. Furthermore, female entrepreneurs face an even more treacherous mountain than their male counterparts as proven by research. U.S. Small Business Administration conducted a study where they establishes the social norms about the role of women, the lack of female role models, and the greater household burdens typically faced by women which hinders their ability to balance business formation with family responsibilities which create business development and management problems for women that greater and different in nature from those faced by men.
However that has not stopped the women around the world to step up and climb that entrepreneurship mountain. The female population has embraced and excelled at entrepreneurism and although they may have different reasons to adopt the entrepreneurship path but they have managed to make their own success stories out of that experience. According to an estimate by the SBA, 28% of all privately held businesses in the US are owned by women. The number rises to 30% in UK, and it’s higher in most of the rest of the world, particularly in low- and middle-income countries.
Women Entrepreneurs from Around the World
There most successful stories of women entrepreneurs in the world include, Meg Whitman, who built eBay from a barely profitable hobby to a $30 billion business, and acquired PayPal and Skype along the way. She is currently a candidate for Governor of California. Weili Dai, is the co-founder Marvell Technologies and holds the distinction of being the only woman co-founder of an American semiconductor company. Arianna Huffington, the founder of Huffington Post, created the Pulitzer prize-winning Huffington Post which continues its momentum in 2013 expanding to new international editions. In May, Huffington Post Japan marked the media site’s first Asian outpost, following Canada, U.K., France, Spain and Italy. Another inspirational woman is of course, Kiran Mazumdar-Shaw who founded Biocon making her India’s first biotech entrepreneur in 1978 when she was just 25. She started her business by partnering with an Irish firm to make industrial enzymes. Also from Asia is the successful, Cher Wang who is the co-founder of HTC along with CEO Peter Chou. She has remained as its leaders as it developed from a manufacturer for other smartphone companies to a leading Android brand.
These women have pioneered the way of entrepreneurism for the coming generations of entrepreneurs as this year is claimed to be the year of women entrepreneurs. Women all around the world who aspire to be successful entrepreneurs can look at the success stories of these leading ladies and learn how to tackle each challenge and navigate their way to success.