The educated women do not want to limit their lives in the four walls of the house. They demand equal respect from their partners. However, Indian women have to go a long way to achieve equal rights and position because traditions are deep rooted in Indian society.
Despite all the social hurdles, many women have become successful in their works. These successful women have made name & wealth for themselves with their hard work, diligence, competence and will power.
Worldwide, many women are entrepreneurs. Entrepreneurship emerges from an individual’s creative spirit into long-term business ownership, job creation, and economic security. Women bring commitment and integrity because they care about economic empowerment, entrepreneurial development and innovation. Female entrepreneurs seek the professional and personal support that is found in business associations. Economic globalization has encouraged the expansion of female business ownership. The growing economic power and influence of women-owned businesses are changing the shape of the global economy,” remarked Vijay Kumar successful entrepreneur in India.
The global impact of women entrepreneurs is just beginning to gain intensity. Worldwide, the number of female business owners continues to increase steadily. For example, women produce more than 80 percent of the food for Sub-Saharan Africa, 50-60 percent for Asia, 27 percent for the Caribbean, 35 percent for North Africa and the Middle East, and more than 30 percent for Latin America. Female entrepreneurs are active at all levels domestically, regionally, and globally.
The areas chosen by women are retail trade, manufacturing, education, hotels, cultural, restaurants, cleaning and insurance.
It is the group of women or single women running an enterprise or company in order to earn profit. Now days because of women empowerment women are stepping-stone into the industries and are taking the place of men. Now a day's women's are running several business like beauty parlours, switching shops, boutiques, etc.
Women entrepreneurs may be defined as a woman or a group of women who initiate, organize and run a business enterprise. In terms of concept of innovative entrepreneurs, women who innovate, initiate or adopt a business activity are called business entrepreneur.
The Government of India has defined women entrepreneurs based on women participation in equity and employment of a business enterprise. Accordingly, a woman entrepreneur is defined as an enterprise owned and controlled by a woman having a minimum financial interest of 52% of the capital and giving at least 52% of the employment generated in the enterprise to a woman.
They have made there marks in business because of the following reasons: They want new challenges and opportunities for self fulfillment.
They want to improve their mettle in innovation and competitive jobs.
They want the change to control the balance between their families and responsibility and their business levels.
Role of women as an Entrepreneur's:
1) Imaginative: It refers to the imaginative approach or original ideas with competitive market. Well-planned approach is needed to examine the existing situation and to identify the entrepreneurial opportunities. It further implies that women entrepreneur's have association with knowledgeable people and contracting the right organization offering support and services.
2) Attribute to work hard: Enterprising women have further ability to work hard. The imaginative ideas have to come to a fair play. Hard work is needed to build up an enterprise..
3) Persistence: Women entrepreneurs must have an intention to fulfill their dreams. They have to make a dream transferred into an idea enterprise; Studies show that successful women work hard.
4) Ability and desire to take risk the desire refers to the willingness to take risk and ability to the proficiency in planning making forecast estimates and calculations.
5) Profit earning capacity: she should have a capacity to get maximum return out of invested capital.
A Woman entrepreneur has also to perform all the functions involved in establishing an enterprise. These include idea generation, project preparation, screening, determination of objectives, product analysis, determination of forms of business organization, raising funds, completion of formal activities, procuring men machine materials and operations of business.
The following are five functions of a women entrepreneur's :
Co ordination, administration and control.
Undertaking a risk and handling of economic uncertainties involved in business.
Exploration of the prospects of starting a new business enterprise.
Introduction of innovations, imitations of innovations.
Supervision and leadership.
In nutshell, women entrepreneur are those women who think of a business enterprise, initiate it organize and combine the factors of production, operate the enterprise, undertake risk and handle economic uncertainties involved in running a business enterprise.
The areas chosen by women are retail trade, manufacturing, education, hotels, cultural, restaurants, cleaning and insurance.
It is the group of women or single women running an enterprise or company in order to earn profit. Now days because of women empowerment women are stepping-stone into the industries and are taking the place of men. Now a day's women's are running several business like beauty parlours, switching shops, boutiques, etc.
Women entrepreneurs may be defined as a woman or a group of women who initiate, organize and run a business enterprise. In terms of concept of innovative entrepreneurs, women who innovate, initiate or adopt a business activity are called business entrepreneur.
The Government of India has defined women entrepreneurs based on women participation in equity and employment of a business enterprise. Accordingly, a woman entrepreneur is defined as an enterprise owned and controlled by a woman having a minimum financial interest of 52% of the capital and giving at least 52% of the employment generated in the enterprise to a woman.
They have made there marks in business because of the following reasons: They want new challenges and opportunities for self fulfillment.
They want to improve their mettle in innovation and competitive jobs.
They want the change to control the balance between their families and responsibility and their business levels.
Role of women as an Entrepreneur's:
1) Imaginative: It refers to the imaginative approach or original ideas with competitive market. Well-planned approach is needed to examine the existing situation and to identify the entrepreneurial opportunities. It further implies that women entrepreneur's have association with knowledgeable people and contracting the right organization offering support and services.
2) Attribute to work hard: Enterprising women have further ability to work hard. The imaginative ideas have to come to a fair play. Hard work is needed to build up an enterprise..
3) Persistence: Women entrepreneurs must have an intention to fulfill their dreams. They have to make a dream transferred into an idea enterprise; Studies show that successful women work hard.
4) Ability and desire to take risk the desire refers to the willingness to take risk and ability to the proficiency in planning making forecast estimates and calculations.
5) Profit earning capacity: she should have a capacity to get maximum return out of invested capital.
A Woman entrepreneur has also to perform all the functions involved in establishing an enterprise. These include idea generation, project preparation, screening, determination of objectives, product analysis, determination of forms of business organization, raising funds, completion of formal activities, procuring men machine materials and operations of business.
The following are five functions of a women entrepreneur's :
Co ordination, administration and control.
Undertaking a risk and handling of economic uncertainties involved in business.
Exploration of the prospects of starting a new business enterprise.
Introduction of innovations, imitations of innovations.
Supervision and leadership.
In nutshell, women entrepreneur are those women who think of a business enterprise, initiate it organize and combine the factors of production, operate the enterprise, undertake risk and handle economic uncertainties involved in running a business enterprise.
