Women Entrepreneurs and Their Problems
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Women Entrepreneurs and Their Problems Women entrepreneurs face many hurdles. Societal support is a key determinant in entrepreneurial establishment. The mast common problem, which a woman faces. Ls the non- cooperation from her husband or close family members. Majority of the time the family members donot motivate them. Besides they face other problems like mobility constraints, dual responsibility,low managing ability, risk- bearing ability etc. They don’t lack managerial skilLs but they have lesspromotional ability, which they need to improve upon. Scarcity of raw material and finance are another problem faced by the women entrepreneurs. The standard of technology used by the women entrepreneurs Ls qualitatively low; they are poor intechnical know-how. Transportation difficulties, improper power supply and telecommunication are so me of the other problem faced by them. Marketing problem Ls the biggest problem faced by womenentrepreneurs. There are some umpteen problems faced by women at various stages beginning from theirinitial commencement of enterprise, in running their enterprise. Their various problems are asfollows: r Arrangement of Finance: - For every business undertaking Finance is said to be the “life blood”, whether it is large.medium or small enterprise. Women entrepreneurs face the problems of shortage of finance on twoimportant bases. Firstly, women do not in general have property on their own names to use that ascollateral securities for obtaining loans/funds from banks and other financial institutions. Thus theiraccess to external sources is very limited .Secondly, obtaining the support of bankers, managing theworking capital, lack of credit resources are the problems which still remain in the male's domain. r Shortage of raw-materials:- Women entrepreneurs encounter the problems of shortage of raw-materials and necessaryinputs. On the pinnacle of this. Ls the high prices of raw materials, on one hand and getting rawmaterials at minimum discount rates are the other. r Cut-throat Competition:- Lot of the women entrepreneurs have imperfect organizational set up to drive in a lot ofmoney for canvassing and advertisements. They have to face severe competition from organizedindustries. They have also to face a stiff competition with the men entrepreneurs who easily involvein the promotion and development area and carry out easy marketing of their products with both theorganized sector and their male counterparts. Such a competition ultimately results in the insolvency of women entrepreneurs. r Lack of education and prevalent levels of illiteracy amongst women: - In India, around (40%) of women are still illiterate. Illiteracy Ls the root cause of socioeconomicbarriers or hurdles. Due to lack of Knowledge of latest technological change, know-howand education creates problems before women to set up competitive enterprises.
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Women Entrepreneurs and Their Problems
Women entrepreneurs face many hurdles. Societal support is a key determinant inentrepreneurial establishment. The mast common problem, which a woman faces. Ls the non-cooperation from her husband or close family members. Majority of the time the family membersdonot motivate them. Besides they face other problems like mobility constraints, dualresponsibility,low managing ability, risk- bearing ability etc. They don’t lack managerial skilLs butthey have lesspromotional ability, which they need to improve upon.Scarcity of raw material and finance are another problem faced by the women entrepreneurs. Thestandard of technology used by the women entrepreneurs Ls qualitatively low; they are poorintechnical know-how. Transportation difficulties, improper power supply and telecommunicationare so me of the other problem faced by them. Marketing problem Ls the biggest problem faced by womenentrepreneurs.
There are some umpteen problems faced by women at various stages beginning fromtheirinitial commencement of enterprise, in running their enterprise. Their various problems areasfollows:
r Arrangement of Finance: -For every business undertaking Finance is said to be the “life blood”, whether it is large.medium or
small enterprise. Women entrepreneurs face the problems of shortage of finance ontwoimportant bases. Firstly, women do not in general have property on their own namesto use that ascollateral securities for obtaining loans/funds from banks and other financialinstitutions. Thus theiraccess to external sources is very limited .Secondly, obtaining thesupport of bankers, managing theworking capital, lack of credit resources are the problems which still remain in the male's domain.
r Shortage of raw-materials:-Women entrepreneurs encounter the problems of shortage of raw-materials andnecessaryinputs. On the pinnacle of this. Ls the high prices of raw materials, on one handand getting rawmaterials at minimum discount rates are the other.
r Cut-throat Competition:-
Lot of the women entrepreneurs have imperfect organizational set up to drive in a lotofmoney for canvassing and advertisements. They have to face severe competition fromorganizedindustries. They have also to face a stiff competition with the men entrepreneurswho easily involvein the promotion and development area and carry out easy marketing oftheir products with both theorganized sector and their male counterparts. Such acompetition ultimately results in the insolvency of women entrepreneurs.
r Lack of education and prevalent levels of illiteracy amongst women: -In India, around (40%) of women are still illiterate. Illiteracy Ls the root cause ofsocioeconomicbarriers or hurdles. Due to lack of Knowledge of latest technologicalchange, know-howand education creates problems before women to set up competitiveenterprises.
