A beginner's guide for women who want to become entrepreneurs

With changing times, entrepreneurship has evolved. Currently, a number of women are holding and waving entrepreneurship flags as high as possible. The women, apart from being homemakers, showed immense focus, commitment in this domain. With women taking an edge and choosing this domain as their profession, there are some things that need to be clarified. For instance, what exactly entrepreneurship means and the tips required if one is a newbie when talking about opting for this modern profession as their career goal.

Open to communication: Traditionally, entrepreneurship comes with inclusive skills of roaring leadership and management at the same time. Being open to communication is all about understanding society’s point of view to learn how to grasp a client's behaviour.

Hard work: Women are all about doing the hard work but letting go of recognition. So, when talking about pursuing entrepreneurship hard work comes handy. Success and hard work go hand-in-hand. Hence, keep in mind that you won’t get time to catch a breath. Entrepreneurship is about going all out and putting your best foot forward.

Support from peers: Having funding in the initial stage helps one to take their business off the ground by giving it a nudge. However, starting an entrepreneurial journey is not just about looking for investors. It also means supporting fellow entrepreneurs to achieve one's goals. Today, women are keen on helping and investing to support each other.

Overcome fear: With power comes responsibility and with that comes fear—of failure, which might lead to self-doubt. The key is to face every obstacle and fear head on. The path to success is ridden with ups and downs. Change 'no' into 'yes' and success will be yours. All one needs is clear vision of one’s wants, needs, and patience. Trusting oneself and knowing one's target audience will result in getting things done.

(Somya Srivastava is Director and CEO at Prayatna Microfinance Limited)