Starting Your Own Business as a Woman
Did you know that Sunday, March 8, 2020, is International Women 's Day? It 's a day in which communities, individuals, and businesses are encouraged to celebrate women of past and present. If you 're a woman entrepreneur, this day can be especially significant for you. More than ever, women are taking a leap of faith and starting their own businesses and rising to the top. In celebration of International Women 's Day, we put together some useful tips for starting a business as a woman.
Know your worth
It 's no secret that women earn less than men in the workforce. Unfortunately, this disparity carries over into entrepreneurship, where women business owners earn 28 percent less than their male peers. However, there are ways to combat this. Start by putting a dollar figure on the problem you help companies solve. Look for an obvious metric such as lost sales or improved systems. Understand your worth and the value that you bring so you can work out pricing.
A female entrepreneur must inherently have conviction on how her idea serves a greater purpose. This drives her forward, faster than any other entrepreneurs who second-guess their own moves.
Make it fit into your lifestyle
More often than not, women are expected to maintain the household as well as work full-time. As a budding entrepreneur, you may be required to put in extra hours on top of this. Women who are incapable of finding that work-life balance or who try to do everything all the time will fail. Sometimes, work will come first and sometimes, it won 't. Be mindful of keeping a healthy balance.
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