Women, who attempt to get into the region of industry in any administrative or industrial role, are normally rendered to different restraints. This, not only restricts the range of their involvement to the industrialization procedure, but also obstructs the prolific use of an accessible human resource, that is in small supply in our nation. Although the entrepreneurial procedure is similar for men and women, there are conversely, in fact, women have to tackle various extra issues of differing aspects and magnitudes, which stop them from comprehending their complete possibility as entrepreneurs.
Entrepreneurship via definition entails being in power of one’s life and functions. It is exactly this self-government that communities in the area have refuted women. The thing cannot be refuted that problems pursue women similar to a shadow. When a woman has conquered an issue, lot more will appear. The women entrepreneur has to confront starting problems. She is faced with more issues when the venture is in the operation status. She, thus, has to care for the whole range of challenges in spite of the great restrictions in which she works.
Some of the challenges faced via women entrepreneurs are given below:
1. Financial problem
Finance is called as life-blood for any organization, whether it is large or small. Though, women entrepreneurs undergo lack of finance on 2 counts.
Initially, women do not normally possess property on their names to employ them like a guarantee for getting funds from outer sources. Therefore, their access to the outer sources of funds is restricted.
2. Being short of education
Women are normally deprived of higher education, particularly in pastoral regions and less than developed nations. Women are not permitted to augment their information in technical and investigation regions to bring in latest products.
3. Role divergence
Marriage and family existence are offered more significance than occupation and social existence in Indian civilization.
4. Adverse surroundings
Various businessmen are not interested to possess business association with women entrepreneurs. Male generally do not support women entrepreneurs.
5. Inflexible competition
Women entrepreneurs do not possess managerial set-up to drive in huge cash for canvassing and billboard. Therefore, they need to visage an inflexible competition for promoting their products with equally organized segment and their male equivalents. Such a struggle finally comes out as the insolvency of women ventures.
6. Male-subjugated culture
Male prejudice is still the arrangement of the day in India. The establishment of India utters of parity amid sexes. But, in practice, women are regarded like abla, i.e. weak in all deference. Women undergo male stipulations regarding women’s responsibility, capability and capacity and are treated therefore. In nutshell, in the male-governed Indian civilization, women are not considered equal to men. This, sequentially, furnishes like a barrier to women ingress in the trade.
7. Reduced risk-taking capability
Women in India live a cosseted life. They are less skilled and inexpensively not self-reliant. All these decrease their capability to bear peril included in operating a business. Risk-bearing is an important necessity of a flourishing entrepreneur.
Additionally, to above issues, insufficient infrastructural capability, lack of power, increased cost of fabrication, social approach, low requirement for accomplishment and socioeconomic restraints also seize the women again from getting into business.
8. Labor issues
The small businessmen cannot pay for employing workers and administrators possessing a sound educational backdrop and the necessary knowledge in production and in business. Any training program should offer not only appropriate industrial incentive and ability, but should also assure that entrepreneurs are able to develop their companies well via scientific-administrative methods and contents in different areas of management- financial administration, marketing administration, production administration and inventory administration. Even though labor is accessible, ease of use of accomplished laborers had been an issue, which guides to considerable depletion of material and time in instructing them.
In many countries, areas and sectors, the preponderance of business holder/managers are male (as of 65% to 75%). Though, there is growing evidence that increasingly women are being involved in small business possession and/or really beginning in business. Women are functioning in this comprehensive world. The organization situation modifies like a kaleidoscope with each responsibility, answerability and different pulls and pushes, which women have confronted and came out with accomplishment. Additionally, rates of self-service amongst women are growing in various countries. Even though there are no bureaucrat statistics associating businesses to the sex of their holder/administrator, there is a good pact of proof to recommend an important growth in female entrepreneurship. One outcome of this is that women are a comparatively innovative group of entrepreneurs evaluated with men, which signifies that they are more probable to operate younger trade. This in turn has some inferences for the problems they confront and their capability of dealing with them.