TomorrowMakers

Starting a business can be exciting yet scary; there’s a lot on the line. Expect unsolicited advice and be prepared to debunk some myths about women in business.

5 Myths that hinder women from starting a business

In recent years, the term ‘entrepreneur’ is rapidly replacing ‘businessman’. And no wonder, with more women starting a business than ever before. Still, many myths in business exist, especially when it comes to women. So, if you are a woman who wants to start a business of your own, here are the new business myths you should know about and demolish.

1. Women are only capable of handling small businesses

A popular myth is that women can handle only small businesses and that they need to leave bigger and more complex businesses to men. But the head honchos of many Fortune 500 companies would beg to differ. The CEOs of Citigroup, General Motors, JC Penny, and The Hershey Company (along with many others) are all women.

Also Read: 5 Successful Women Entrepreneurs In India Who Took Their Business To New Heights Despite COVID-19

2. Women can only handle ‘women-centric’ businesses

Another popular myth is that if women start their own business, they will focus on ‘women-centric’ businesses such as lifestyle, fashion or home-based start-ups. But that is a gross underestimation. The pharmaceutical, artificial intelligence, and tech industries are filled with women leaders who have broken barriers. This includes the CEOs at Century Tech, Fable, Vertex, and Vimeo, as well as the CEOs of Citigroup and General Motors. 

3. Women often fail to get proper funding

If you are fortunate, you may have enough money to start your business without needing funds. For most people, however, this isn’t the case. Women in India can get funding to start a small business via government schemes. Or they can get concessions on loan rates. A great idea would be to strategise in advance so that you can save up as much as possible for your business. You could also set up a business plan to get the support of angel investors, corporate backing, or even crowdfunding. 

Related: Tips For Women Entrepreneurs To Fund Their Business

4. Women find it hard to juggle business and family

The world has changed, and today’s women are equally efficient at home and the workplace. Their spouses too step up and help them juggle work and home. Technology plays a big part in helping entrepreneurs devote time to both business and family. Women have proven that, just like men, they are fully capable of handling business and family. They don’t need to give up their dreams for either one.

5. Women don’t have what it takes to build a business

Myths about business ethics try to show that men can be headstrong and even ruthless to grow their business, while women can’t. Women don’t need to compromise on ethics to make it big in the business world. There is no doubt that in every business, difficulties abound - but that does not mean women can’t handle them! 

Also Read: 5 Recession-Proof Businesses Women Can Explore Now

Last words

Women have come a long way in the business world. No longer are they constrained by the proverbial glass ceiling. Go out and shatter that glass ceiling and those myths so that more women will gain the courage to follow in your footsteps.

In recent years, the term ‘entrepreneur’ is rapidly replacing ‘businessman’. And no wonder, with more women starting a business than ever before. Still, many myths in business exist, especially when it comes to women. So, if you are a woman who wants to start a business of your own, here are the new business myths you should know about and demolish.

1. Women are only capable of handling small businesses

A popular myth is that women can handle only small businesses and that they need to leave bigger and more complex businesses to men. But the head honchos of many Fortune 500 companies would beg to differ. The CEOs of Citigroup, General Motors, JC Penny, and The Hershey Company (along with many others) are all women.

Also Read: 5 Successful Women Entrepreneurs In India Who Took Their Business To New Heights Despite COVID-19

2. Women can only handle ‘women-centric’ businesses

Another popular myth is that if women start their own business, they will focus on ‘women-centric’ businesses such as lifestyle, fashion or home-based start-ups. But that is a gross underestimation. The pharmaceutical, artificial intelligence, and tech industries are filled with women leaders who have broken barriers. This includes the CEOs at Century Tech, Fable, Vertex, and Vimeo, as well as the CEOs of Citigroup and General Motors. 

3. Women often fail to get proper funding

If you are fortunate, you may have enough money to start your business without needing funds. For most people, however, this isn’t the case. Women in India can get funding to start a small business via government schemes. Or they can get concessions on loan rates. A great idea would be to strategise in advance so that you can save up as much as possible for your business. You could also set up a business plan to get the support of angel investors, corporate backing, or even crowdfunding. 

Related: Tips For Women Entrepreneurs To Fund Their Business

4. Women find it hard to juggle business and family

The world has changed, and today’s women are equally efficient at home and the workplace. Their spouses too step up and help them juggle work and home. Technology plays a big part in helping entrepreneurs devote time to both business and family. Women have proven that, just like men, they are fully capable of handling business and family. They don’t need to give up their dreams for either one.

5. Women don’t have what it takes to build a business

Myths about business ethics try to show that men can be headstrong and even ruthless to grow their business, while women can’t. Women don’t need to compromise on ethics to make it big in the business world. There is no doubt that in every business, difficulties abound - but that does not mean women can’t handle them! 

Also Read: 5 Recession-Proof Businesses Women Can Explore Now

Last words

Women have come a long way in the business world. No longer are they constrained by the proverbial glass ceiling. Go out and shatter that glass ceiling and those myths so that more women will gain the courage to follow in your footsteps.