Reasons why women are turning to entrepreneurship
- To get what they deserve
You might have heard about the pay gap that women are facing today, and their struggle to climb the corporate career ladder whilst lesser qualified men seemingly ‘float’ their way up with less effort. Recent statistics show that women are 20% less likely to be promoted in their careers as compared to men, even with equal rates of work efficiency and task completion. The study suggests that the slow pace of promotion is increasing because of the way women are treated at the place of work. As a result, more and more women tend to turn to entrepreneurship to equalize gender inequality in the workplace. Essentially, they’re creating their own workplace.
- To follow their passion and grow
It goes without saying that women are efficient and intelligent. They’re also known for their work ethic led by their heart that enables them to build, sustain and grow a high-performing team and business. Women possess some of the most vital traits required for growing a successful business, such as tenderness, affection and empathy. Entrepreneurs without these traits cannot attain wisdom and gain insight from different aspects required for creating a business.
- To be more independent and free
There are several benefits of working as an employee in an organization. You don’t have to think about the primary source of revenue that you have to pay your workforce. You don’t have to worry about asking yourself how to build a prosperous business. All you have to do is carry out the same task you have done in your 9-to-5 job every morning.
This comfort is suitable for some people, but the reality is every job comes with significant levels of uncertainty. You’re not necessarily safe in the event of a company’s reorganization that might lead to corporate changes or layoffs. On the other hand, being an entrepreneur gives you complete control over the activities of your business, and the flexibility to take the necessary steps required for growing your business. Though you might face many difficulties in running your business, in the end, you will pay the checks and create your own empire.
- To explore their true potential
Have you ever counted the number of times you’ve been shot down by a superior when you share your opinions during meetings? How many reasons did your superior give to decline your promotion? There are an incredible number of doors available for you that have been closed by someone in charge.
Instead of letting someone write your destiny, you can develop an excellent environment for turning your dreams into reality. Entrepreneurs are able to realize their true potential and are able to excel in their life. In turn, women entrepreneurs can grow a business that makes a difference, and helps reduce gender inequality. Once you’ve reached a point where you can start hiring people to grow the business, you’ll become a leader and start having a direct impact in people’s lives.
- To become a beacon of hope for other women
When it comes to staking a claim in the world of business, we may think about famous visionaries like Bill Gates, Mark Zuckerberg, Warren Buffett, or Elon musk. These people have portrayed a new and innovative way of thinking, as well as how to generate new business opportunities.
It is quite challenging for inspired women to be successful as the aforementioned founders due to the gender inequality index. This indexing has led to a 49% loss in the development of human beings. This is the main reason why we need more female entrepreneurs, who embark their presence on the world, which shows you can do whatever you believe in.
- To earn according to their worth
It’s no surprise that women can build an incredible career in the corporate world. You can look at the bright examples of successful businesswomen like Mary Barra (the CEO of General Motors) and Sheryl Sandberg (the COO of Facebook), who attained tremendous success and acknowledgment for working in big companies and making huge impacts.
It’s not an easy task to be played by someone else and so, put yourself in a situation where you can create a fortune with your work ethic. However, many women face problems in the pay gap at their workplace, which brings a great level of dissatisfaction and the urge to take their career to a whole new level.
Note: We are inspired to use this content from various sources of Internet. This is for student’s learning and motivation purpose. We do not claim this to be our own.