It’s no secret that the representation of women in entrepreneurship has been underestimated over the years. However, recent statistics have shown that female entrepreneurs are quick on the rise. According to a 2017 American Express commissioned study, female owned businesses account for 39% of all U.S firms, and over the past 20 years (1997-2017) have grown 114%. As an entrepreneur myself, these numbers are something for women in this industry, and in general, to be extremely proud of. Entrepreneurs never stop learning. Working with partners and other business professionals serves as a platform to continuously learn new things and receive advice from others. Here are a few useful tips for all female entrepreneurs.
Seek Mentors and Guidance
Never be shy about reaching out to successful people you know for a little advice or encouragement. Other entrepreneurs have probably gone through many similar experiences, and can provide you with great insight about how to handle them the right way. Use your resources and always be respectful of someone else’s time. CEO Kara Goldin says, “Tell them you won’t take a lot of their time and actually don’t,” she says. And, if someone doesn’t return your email or declines to invest in your company, don’t take it personally. Their lack of response might mean they don’t think they can be helpful.”
Be Patient, Set Short and Long Term Goals
We’ve all heard the sayings, “patience is a virtue” or “failure is an inevitable part of success”. Though many may consider them to be cliche, these sayings are often good words to live by as an entrepreneur. Always remember to be patient with your progress. Success doesn’t often come over night, and usually needs time to build. Set attainable short term and long term goals. If something doesn’t work, take the time to evaluate the error and see how it can be fixed.
To continue reading, please visit marymickel.com