Although female entrepreneurs are still in the minority, they are growing in number and in earnings. In order to achieve success as a female entrepreneur, there are several personal characteristics that are needed. Women can develop these characteristics and hone their business acumen as they find their market niche and way to success in the economic marketplace.
Strong and close relationships with their business partners and in their personal lives help lead women to success as entrepreneurs. This is because solid relationships provide the emotional support that allow women to have the self-confidence needed to build a business. The ability to develop and maintain good relationships enhances the potential network of future partners and clients.
The Ability to Ask for Help
Women who are not afraid to ask for help are most likely to succeed as entrepreneurs. Whether the help is for constructive criticism, feedback or brainstorming about ideas, asking for help sets the tone for a beneficial relationship with others. Having a circle of trusted friends and mentors helps women get through difficult business situations.
A Drive Backed by Passion
While male entrepreneurs may be driven into business by the desire to be their own boss or to earn a living, women entrepreneurs are more likely to be driven by the passion behind their idea. A drive that is backed by passion means that women are resilient to temporary setbacks and are motivated to achieve their goals. Women tend to embrace this passion for success rather than running from it.
Knowing When to Share the Credit
When a success is a team effort, women are not afraid to share the glory and accolades of their hard work. Knowing when to share the credit for a job well done helps with relationship building and shows others that female entrepreneurs are team players. Sharing the credit also shows excellent leadership and management styles that are necessary for an entrepreneurial business to grow and thrive, explains this article on The American Genius.
Minimizing Risks by Researching Beforehand
Rather than just jumping right into things and taking on a heavy risk load, female entrepreneurs are more likely to spend a significant amount of time researching the pros and cons of any particular business situation. By doing their due diligence, female entrepreneurs are better able to prevent risks that can put a damper on their business and financial success. Being cautious with decision making also helps protect the employees and the investors of the entrepreneurial enterprise.
Proactive Listening Skills
Women entrepreneurs take the time to proactively listen to those around them. Whether it is the employees of the start-up business or it is other female entrepreneurs, women who listen can collect ideas and information about what it takes to succeed in business. Listening to the likes and dislikes of customers and potential clients can also help female entrepreneurs gain an increased understanding of what their clients expect and how to ensure their business.
Share small business news, blogs and social media tips with Project Eve's community of small business owners and entrepreneurs today. Our contributors come from a wide range of backgrounds; so whether you are a small business owner, social media strategist, financial adviser, serial entrepreneur, or write an amateur blog we urge you to contribute a blog to our 500,000+ community today. For more information, please refer to our Content Submissions Guidelines.