Despite the boom in entrepreneurial competition and gender equality in the modern world, the number of women in business is criminally low. According to Fundera, there are 12.3 million US businesses owned by female entrepreneurs.
Some estimates from US Chamber Foundation show that only two percent of women-owned businesses employ more than ten employees! To see more businesses like these or even better, I have shortlisted my favorite successful business woman tips. Keep reading to get maximum out of it.
Women are continuously breaking the ceilings at every step of their way but they are still far away from being competitive with their male counterparts, let alone winning the game.
To help you the odds in your favor through quantifiable steps, here are some successful business woman tips to get you started and keep on going.
1. Finding Focus
Juggling between home and work, you need to make sure you come to the office with a clear head and a fresh body. Then, you will be able to think and act by focusing your energies constructively.
Hold yourself accountable for any misdemeanor and error and make a note of it. This will help you in growing out of your beta mode to a more stable build. The results will be evident in your work.
3. Plan & Execution
There is only so much that you can achieve without setting realistic goals and then working for them. Start by planning and making a viable strategy and then sticking to them to the bitter end.
4. Personal Branding
It is important to have a brand that your consumers can relate to. But do not forget about endorsing yourself as the manifestation of that idea. As you live and breathe your brand, the rest of the world should see it. Here are some business ideas for housewives, to get started with their personal branding.
5. Ask For Help
Whenever you are in a blind alley, feeling trapped and nowhere to go, always reach out to your fraternity. This is especially helpful for housewives with business ideas who do not know how to move forward with them. This is one of the important successful business woman tips, because females usually hesitate and avoid such situations and figure out things themselves. They may not want to feel degraded or forced to stop doing what they love.
6. Love To Fail
You will never know for sure until you try. If you succeed, that was the goal. If you failed, you learned a valuable lesson. Always be on the lookout to try new things and find a silver lining in the worst scenarios.
This is the key to survival and ultimate triumph in the business world. You do not need approval or a nod from someone. You set your own rules and they serve you. Commitment is a must to materialize this approach.
Self-belief is more than just being among successful business woman tips. This is in actual essential! You can only gain confidence and a clear sight as a business woman when you believe in yourself above everything else. You know you are not the means to an end but the end itself.
9. Target Audience
Just like walking in the shoes of a person, know the demands and needs of your audience before coming up with your idea. This way, you will remove unnecessary work that will not add value to the whole program. I won’t leave you wondering how, here is a good guide to find a target audience.
10. Start With WHY
When you are developing the idea, think about why. Why do you want to do what you want to do? If you have no answer to that question, your consumers will never be able to relate with you or your product.
11. Keep On Learning
The moment you think you know everything about your work, you are going to suffer. The best approach is to have an open mind and a clear outlook about the uncertainty of the market and finding opportunities in the chaos. Keep yourself updated and motivated by reading woman-centered blogs and magazines for stories, ideas, experiences, etc. You may follow Forbeswoman.
What starts with self-belief and confidence exudes from the body and soul and affects others. At every opportunity, empower everyone around you. Share ideas and make plans to think outside the box.
13. Appreciate Criticism
Here comes one of the must-followed successful business woman tips – appreciate criticism. It is not always done to make you down, as most women might think. Even though it is often unfounded, accept criticism with a smile and find empirical shreds in it. Most of the time it is for naught, but often it has hidden wisdom that can help you in advancing in the right direction.
14. Learning Experiences
When you are determined to do business, there is no room for mistakes but only learning experiences. It means you should never let your errors define or scold you. Rise up after every misstep and grab the moment.
This is a tricky domain. Simply put, if you are not willing to take responsibility for what is bad with your brand, you are not eligible to take credit for what is good with it. In all kinds of circumstances, you should rise up to the occasion and make right what is wrong. This goes for self-accountability also.
16. Learn The Art
Conducting business is not a science but an art. Master it by practicing with familiar, easy targets and then graduate to the corporate world. The best art to learn for a woman entrepreneur is to say NO. You will come across situations where you know that moving on is the right answer but you will not be able to decline. This mistake could penalize your business. So, learn the art of letting go and say no.
17. Burn Your Boats
When you are on the shore and ready to fight, there is no point in fiddling with second options. It is best to jump into the world of business with everything and then stick to it with the help of virtues discussed in the previous sections. Business is all about outliving your competition and you need to be determinant to survive to ride that tide.
Of course, there is no end to the potential of anything but you need to be realistic about your resources and budget ahead of their expense. Allocate percentages to each and every bit of your plan and then save some as a contingency.
The principle of continuity should be the part and parcel of your life. The principle refers to the idea of the perpetuity of business so every decision should be made while keeping in mind the health and benefits of business and business alone. There are ad hoc advantages in the face of a company’s growth.
20. Keep Growing
You cannot stop yourself from crossing one milestone. Your talents demand you to set new goals beforehand and start working on them as soon as you finish the older ones. In any case, keep on growing in both the personal and official arena and you will succeed on both fronts.
Although it is hard to share definitive successful business woman tips, these tips will help you in growing during harsh times. For a woman entrepreneur, it is not enough to think outside the box but to think like there is no box. Having that kind of attitude will help you in getting your company where you want it to be.