ENTREPRENEURSHIP DEVELOPMENT – IV : Women Entrepreneurship

 

VIDEO LINK

ENTREPRENEURSHIP DEVELOPMENT – IV
Women Entrepreneurship

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Schumpeter: “Women entrepreneurs are those women, who innovate, initiate or adopt a business Activity”
 

Women entrepreneurship is the process in which women initiate a business, gather all resources, undertake risks, face challenges, provides employment to others and manages the business independently. Approximately 1/3rdof the entrepreneurs in the world are women entrepreneurs.
 

Functions of Women entrepreneurs:
01. Exploring the prospects of starting new enterprises
02. Undertaking of risks and the handling of economic uncertainties involved in business
03. Introduction of innovations and initiation of innovations
04. Co-ordination, administration and control
05. Supervision and providing leadership in all business aspects.
 

 

Leadership qualities:
01. Willingness to face challenges
02. Aspiration to reach heights
03. Intelligence
04. Patience
05. Optimism
06. Skill to learn new things
07. Desire to acquire new knowledge and to apply it
08. Merciful approach
09. Desire to guide and lead others
10. Power to resist criticism
 

 

Problems faced by women entrepreneurs:
1. Financial constraints
2. Over dependence on intermediaries
3. Stiff competition
4. Scarcity of raw materials
5. High cost of productions
6. Limited mobility
7. Family ties
8. Lack of education

9. Social attitude
10. Low need of achievement
 

 

Solutions to the problems of Women Entrepreneurs
01. Separate financial division
02. Education and social changes
03. Training
04. Family background
05. Support from society
06. Support from government
07. Co- operative women’s marketing society 

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