Gone are the days when our society used
to change its norms to provide a suitable surrounding for Women's empowerment.
The modern women of India are competent enough to make room for themselves and their
dreams.
She is bringing a fresh wave of
innovation in business and entrepreneurship. The recent input by women entrepreneurs
in the area of technology and other business domain is undeniable.
The favorable environment and support system provided by the Department for the promotion of industry and internal trade of the Indian Government and other commerce forums in India has given wings to the imaginative ability and idea generation of women in our society.
The confidence to think about a business plan and implement the same in reality has doubled up in recent times. Now they don’t hesitate to live their dream, be it starting a tiny store in a small town or a big startup venture in a metro city.
Today, Women are aware of what they
bring to the table and how their emotional intelligence and empathetic nature
contribute to the rise of every venture they associate themselves with. This
awareness has enhanced women-led startups getting success. The leadership
skills of women are not hidden from anyone and that proves right on the business
front too.
Few privileged attributes of women entrepreneurs
- Appropriate Emotional Intelligence
It has been a topic of discussion for many scholars that leaders with high emotional intelligence are much more effective in managing teams. They lead with a transformational leadership style and women entrepreneurs have often been observed leading with it, which impacts the overall growth and environment of emerging startups.
- Working with Dynamism
Startups' growth phase demands a very dynamic and highly adapting environment as per the changing economic conditions of the market and various researchers have shown that startups led by women founders are resilient and quick to adapt. Women are used to the adaptability of the situation and that brings quick and timely decision-making for business issues too.
- More likely Quality services/products
No offenses, but few of the Research conducted by organizations shows that women are less likely to get motivated by financial gains. So this automatically improves the quality of products or services without compromising on them just to increase profits. Whether in the long run, such behavioral pattern plays a vital role in influencing leadership mindsets.
- The Multitasking ability
Around 78 percent of female entrepreneurs’ strengths are their multi-tasking skills. A study by a UK-based psychologist revealed that women were faster and more organized at switching rapidly between tasks and under pressure. Women are considerably more attentive toward problems and can manage multiple tasks related to business and other facets around them.
- Excellent communicator
When it comes to communications skills, Women leaders are a step ahead of their counterparts. The inbuilt trait of grasping the surroundings keenly and acting accordingly is the super ingredient that can create magic at the workplace. The proactive nature leads the women entrepreneur to handle external agencies as well as customers as and when needed. Sometimes, Tactful communication can help you survive a big business disaster, and a woman ace this art.
Now is the time when we finally break the stereotypes and close
the gender gap that exists between female and male entrepreneurs. By relying
upon the ideas of women entrepreneurs and investing in them, the Indian startup
ecosystem can fuel economic growth and can lead India toward the dream of
becoming self-reliant in the coming years.
An everyday increasing number of female entrepreneurs will definitely encourage other women around us who live with the dream of setting up a business but can’t get a guiding light to step out.
The objective of this write-up is to call upon
all women entrepreneurs and those who wish to become it one day, to assure that
we at LawGraph Consulting are together in this journey and we would love to
assist you in any manner possible!!
