Being on your own and taking on all the responsibilities of owning a business can be exciting. It can be liberating. But it is tough. Are you getting into it because the corporate world looks unconventional for you hence jumping into the world of an entrepreneur?
Beware you are gonna face the following things once you are into it at least in the initial period of yours:
Sitting on the hot seat, you may or may not experience that things that were actually found to be easy are turning out to be opposite side of the same.
If you have that drive and desire for success, you will be able to combat issues when they come along. When decided finally and you enter the real world of corporate you also have to face numerous problems like some will be personal, production etc
The production problems include raw material availability, capacity utilization, and storage problems.
The marketing problems arises because of dealing in only one product, cut throat competition, adopting cost oriented method of pricing, lack of advertisement, not branding their products etc.,
The financial problems include investment risks, procurement of loan from banks and their repayment, meeting day to day expenses and the like.
The labour problems include highly demanding employees, absenteeism lack of skilled workers and transportation of workers.
Infrastructure problems also add coal to the fire. Unless and until you have the infrastructure in its place the rest of the efforts are futile.
Personal problems like spending less time with family and for the whole sweat exerted the rewards have not been favorable.
Inflation is economically harmful to suppliers because of unstable quoted market prices.
Lack of funds acquisition of entrepreneurial/managerial skills is not yardstick or prerequisite for establishing a small-scale business.
Inadequate of infrastructural facilities:
Inadequate of Government support or motivation
High production cost of some business operations
The low level of education and confidence leads to low level achievement and advancement motivation
Low-level risk taking attitude is another factor affecting women folk decision to get into business
Knowledge of latest technological changes, know how, and education level of the person are significant factor that affect business
The male - female competition is another factor, which develop hurdles to women entrepreneurs in the business management process
Low-level management skills
Knowledge of latest technological changes, know how, and education level of the person are significant factor that affect business
The male - female competition is another factor, which develop hurdles to women entrepreneurs in the business management process.
The emergence of women entrepreneurs and their contribution to the national economy is quite visible in India. The number of women entrepreneurs has grown over a period of time. Women entrepreneurs need to be lauded for their increased utilization of modern technology, increased investments, finding a niche and creating a sizable employment for others and setting the trend for other women entrepreneurs in the organized sector. The greatest deterrent to women entrepreneurs is that they are women.
The confidence to travel across day and night and even different regions and states are less found in women compared to male entrepreneurs. This shows the low level freedom of expression and freedom of mobility of the women entrepreneurs.
The tradition, customs, socio cultural values, ethics, motherhood subordinates to ling husband and men, physically weak, hard work areas, feeling of insecurity, cannot be tough etc are some peculiar problems that the Indian women are coming across while they jump into entrepreneurship.
Exposure to the basic knowledge to define and strengthen your business, which often has nothing to do with your area of expertise, is absent many a times.
Creating a flexible work schedule for employees is usually an overlooked tool in ensuring a company’s success in both revenue and employee retention is required
You can’t blame the boss.
Things constantly change.
You’ll have to learn to like marketing and sales, whether you supervise or do it yourself.
You have to make lots of decisions quickly all of the time.
You have to be a self motivator.
It’s very easy to get caught up in the day-to-day tasks and forget about making goals.
Most entrepreneurs delay paying themselves which is one reason they are not as successful.
You can work flexible hours, sometimes taking too much time off without realizing it.
No one keeps you focused and helps you avoid pitfalls, except if you’re smart and hire a business coach.
Beware you are gonna face the following things once you are into it at least in the initial period of yours:
- Sleepless nights
- Stress-related illnesses
- Low revenues
- Self-doubt
- Inability to make a decision
- Work days that last 20 hours
- Loss of appetite
- Giving up of hours of sleep
Sitting on the hot seat, you may or may not experience that things that were actually found to be easy are turning out to be opposite side of the same.
If you have that drive and desire for success, you will be able to combat issues when they come along. When decided finally and you enter the real world of corporate you also have to face numerous problems like some will be personal, production etc
The production problems include raw material availability, capacity utilization, and storage problems.
The marketing problems arises because of dealing in only one product, cut throat competition, adopting cost oriented method of pricing, lack of advertisement, not branding their products etc.,
The financial problems include investment risks, procurement of loan from banks and their repayment, meeting day to day expenses and the like.
The labour problems include highly demanding employees, absenteeism lack of skilled workers and transportation of workers.
Infrastructure problems also add coal to the fire. Unless and until you have the infrastructure in its place the rest of the efforts are futile.
Personal problems like spending less time with family and for the whole sweat exerted the rewards have not been favorable.
Inflation is economically harmful to suppliers because of unstable quoted market prices.
Lack of funds acquisition of entrepreneurial/managerial skills is not yardstick or prerequisite for establishing a small-scale business.
Inadequate of infrastructural facilities:
Inadequate of Government support or motivation
High production cost of some business operations
The low level of education and confidence leads to low level achievement and advancement motivation
Low-level risk taking attitude is another factor affecting women folk decision to get into business
Knowledge of latest technological changes, know how, and education level of the person are significant factor that affect business
The male - female competition is another factor, which develop hurdles to women entrepreneurs in the business management process
Low-level management skills
Knowledge of latest technological changes, know how, and education level of the person are significant factor that affect business
The male - female competition is another factor, which develop hurdles to women entrepreneurs in the business management process.
The emergence of women entrepreneurs and their contribution to the national economy is quite visible in India. The number of women entrepreneurs has grown over a period of time. Women entrepreneurs need to be lauded for their increased utilization of modern technology, increased investments, finding a niche and creating a sizable employment for others and setting the trend for other women entrepreneurs in the organized sector. The greatest deterrent to women entrepreneurs is that they are women.
The confidence to travel across day and night and even different regions and states are less found in women compared to male entrepreneurs. This shows the low level freedom of expression and freedom of mobility of the women entrepreneurs.
The tradition, customs, socio cultural values, ethics, motherhood subordinates to ling husband and men, physically weak, hard work areas, feeling of insecurity, cannot be tough etc are some peculiar problems that the Indian women are coming across while they jump into entrepreneurship.
Exposure to the basic knowledge to define and strengthen your business, which often has nothing to do with your area of expertise, is absent many a times.
Creating a flexible work schedule for employees is usually an overlooked tool in ensuring a company’s success in both revenue and employee retention is required
You can’t blame the boss.
Things constantly change.
You’ll have to learn to like marketing and sales, whether you supervise or do it yourself.
You have to make lots of decisions quickly all of the time.
You have to be a self motivator.
It’s very easy to get caught up in the day-to-day tasks and forget about making goals.
Most entrepreneurs delay paying themselves which is one reason they are not as successful.
You can work flexible hours, sometimes taking too much time off without realizing it.
No one keeps you focused and helps you avoid pitfalls, except if you’re smart and hire a business coach.