Today we discuss: Women in business – what’s holding you back?
As I’ve researched this topic there are several areas one of those being finance for women in small to medium enterprise (SME).
In a report by ifc.org here’s what they said: ”the rationale for a separate report on women entrepreneurs’ access to finance is that while there are about 8 to 10 million formal women-owned SMEs in emerging markets (representing 31 to 38 percent of all SMEs in emerging markets), the average growth rate of women’s enterprises is significantly lower than the average growth rate for SMEs run by men. A number of factors have been investigated as contributing to the slow growth of women-owned businesses, including institutional and regulatory issues, lack of access to finance, relatively low rates of business education or work experience, risk aversion, confinement of women’s businesses to slower growth sectors, and the burden of household management responsibilities.”
You noticed I highlighted in red the statement “relatively low rates of business education.” That’s exactly why I created The M.I.N.E. System of Learning. I want women to gain or sharpen the skills they need to succeed in business.
When I started my first business over 28 years ago I didn’t have any place to go for education on running a business other than reading books which didn’t give me the knowledge I was looking for.
Today women have access to so much information that it becomes a curse rather than a blessing because their is so much poor information out there.
I think it’s important to learn from someone who’s been there and done that. Someone who knows the challenges you are going through and can help you over come them. Someone who started a business as a mom and knows what it’s like to be in your shoes.
Let me ask you this: Did you notice the last sentence in the above ifc.org report?
It says women have “the burden of household management responsibilities.”
Managing a household is like managing a finely tuned business. Just like a business you need to know the income that’s coming into the home. You then take that income and disperse it in various areas ie: mortgage, food, clothing, bills etc. Women are extremely creative when it comes to making the dollar stretch.
As a woman you need to take those same skills and apply them to your business.
When I started my first business I was ( and still am) running a household. My husband will be the first to tell you that I not only run my business but my home efficiently.
It takes scheduling and time management. I can honestly say I never felt overwhelmed by keeping up with my business or managing my household because I used these vital skills.
My role is to not only be an educator but a problem solver. So when I read reports like the one above I go into problem solving mode.
With that in mind I decided to create a video course on time management where I virtually lead you by the hand. I am in course development right now. You don’t need to go this alone:)
When you have time management in place it becomes much easier to accomplish your goals.
I believe in educating women so they can learn, grow and succeed.
You can join TheMINESystemofLearning.com for FREE. My goal is to offer value to free members as well as provide video courses for paid members.
Education is so important to the success of your business. Join, grow, succeed so you can be notified when this new video course on time management is available.
Two questions for you:
1) What do you think of this report?
2) What’s holding you back in your business?
Leave your thoughts and comments below.
Be Savvy And Successful!