3 Traits Of Successful Women Entrepreneurs

3 Traits Of Successful Women Entrepreneurs

Successful Women Entrepreneurs Flourish

Successful women entrepreneurs own 4 out of every ten business or 40% of American companies.

In America, women start over 1,800 new businesses every day, and roughly 30% of remote companies have women CEOs or female owners.

Women continue to be badass in shaping the American economy and empowering themselves and their communities.

Female-owned businesses employ 8% of the private-sector workplace and contribute roughly 4.3 % of total revenue into the economy.

That’s big, but if the future is going to be female, there’s a much larger piece of the American pie that must be driven by women.

No question, successful women entrepreneurs are unicorns at solving problems, revolutionizing the way things get done. Women leaders are doing their part to create jobs, mentor their teams, push for diversity, and spur economic growth.

Girl Bosses Commit

A significant amount of women start new blogs and new businesses every day, but less can grow and scale them.

Why is there an enormous gap in the number of girl bosses launching and those finding success?

The answer is very layered.

First, while 40% of American companies belong to successful women entrepreneurs, let’s not overlook the tremendous inequalities most female entrepreneurs face to make it in that number.

Unfortunately, many of these new businesses don’t find success because the documented gender inequalities in business don’t stop when women move into entrepreneurship.

Frequently, the disparity becomes more prevalent in venture financing, mentorship, and business networking, according to some studies.

So in spite of the challenges that spark women-owned businesses to become the fastest-growing segment of start-up companies, women are increasingly scratching their entrepreneurial itch.

More and more women are committed to trade in social constraints, non-family friendly labor policies, and the status quo of not having enough influence to be the boss.

Many girl bosses are beautifully reshaping the professional narrative and taking power back.

So what can we do to champion more entrepreneurial success for women-led start-ups?

Successful Women Invest In Personal Development

The more you know, the further you'll go into business. New women entrepreneurs, do all your must business building homework. Click To Tweet

In looking at the reasons most businesses fail, the same culprits keep showing up, a lack of financing, ineffective marketing, and insufficient mentorship.

There is no simple solution. For women ready to start a business and make it profitable, there are loads of financial, marketing, and mentorship advantages for starting an online business.

The cost of entry for an online business is much lower; social media and email marketing make marketing very accessible and affordable.

There are resourceful experts and business mentors in every niche possible, and the internet provides instant access to business modeling and research for free to little of nothing.

I’m confident in declaring, online businesses, as opposed to traditional ones, are the most attractive and lucrative for the future of women entrepreneurship.

Women are nurturers, and there are thousands of stories, articles, and blog posts about successful women entrepreneurs readily available to inspire other women.

To find increasing success for our own business and women entrepreneurs collectively, let’s dedicate a collective effort to educate ourselves on the best business models, tools, and resources to facilitate growth, and then share that expertise and knowledge with other women.

Opportunites For Women-Owned Businesses Are Robust

As women increasingly take advantage of the commerce fortune the Digital Age presents, and the opportunity for economic growth by women Digital CEO’s, our future looks mighty bright.

To start taking things to the next level in your business, examine the five traits of successful women entrepreneurs and challenge yourself to adopt them.

The first one, I know, is by far the most important.

No matter how smart you are, or how much talent you have; you must first believe in your abilities before you can achieve your goals.

Henry Ford said it best, “Whether you think you can, or think you can’t you’re right.”

Read that again, and hold it dear to your business dream.

Successful Women Entrepreneurs Embody Self-Belief

If you don’t believe in your potential to make things happen, everything else is reasonably irrelevant in business.

What you know, who you know and the ideas you have carry little weight compared to your belief in what you can do.

To be successful, you must have an unwavering, passionate belief and knowing that your business idea and your ability to execute on it is going to happen.

When you’re chatting with your hubby,  BFF or even an investor about your new business, your expansive energy, excitement, and confidence should lead the conversation.

Energy is contagious, and nothing is more impressive and telling than meeting an entrepreneur and sensing their excitement and passion for their blog or business.

And sure, doubt is human emotion? But, self-doubt can’t be your norm if you’re expecting to win.

You’ll only accept what you expect!

You have your business dream because deep down, you know you can do it.

Don’t let societal norms, the way you grew up or your limited self-talk allow you to self destruct your dreams.

Confidence For The Win

In exchange for self-doubt, successful women entrepreneurs work out their confidence muscles.

As I shared in my book, Personal Branding Through On- Purpose Living, “Confidence, even among experts, can waver. It’s natural to find yourself confident at one thing but not so confident at other things. The key to building confidence is to practice projecting confidence until you master it.

The more you prove to yourself that you’re an authentic, valuable, capable, evolving, and malleable being, the more confidence musculature you’ll build.

Studies suggest confidence is one of the top characteristics both men and women find the most attractive in one another.

It’s considered more important than skill, knowledge, or experience to some hiring managers. Confidence can set you apart from others, sometimes even more qualified candidates.

According to one study, portraying confidence translates into you being competent.

There is no doubt; your level of confidence plays a significant role in how far you’ll go in pursuit of your life goals.

As it’s often said, a successful person was afraid and did it anyway, while the unsuccessful person allowed fear to stop him.

Fear is the biggest dream stealer of all time, but it often never delivers.

But how do you build the confidence you need to muster the courage to pursue your business dream with assurance?
Because we know, success is what breeds real confidence.

The more success you find in working towards and in your business, the more confidence you’ll have to keep going.

Persistence For Postive Results

The Little Engine That Could is one of my all-time fave, American fairytales.

Few stories through the ages have eloquently depicted the story of optimism and hard work,  in spite of difficulty or opposition like The Little Engine That Could.

For successful women entrepreneurs, persistence is their nature. Click To Tweet

It’s the spirit gumption that drives them when things are going quite the way their business plan suggested.

On a side note, speaking of business plans, grab The Ultimate Brand & Business Building Plan here. It’s a great free business planning resource I created to help you level your business plan up.
Brand & Business Opt In

Starting your new blog or new business venture is one thing, keeping it going until it finds success requires persistence.

Early in my career, one thing became clear to me, and it’s that I not built to be an employee.

Once I realized that I knew I had to get comfortable being uncomfortable to weather the then entrepreneurship learning curve (and mine was steep).

To be a successful businesswoman, you must be willing to persist no matter what.

When challenges face you, and things do go as plan, learn to stop. Take a deep breath, figure out the best way forward, and keep ongoing.

Female Leaders Endure

When you decide to do something bigger with your life, experiences, talents, and passions to serve others, you can’t avoid challenges.

But you can handle it.

Educate yourself about as much as you can to position your brand and business to become successful.

Commit to plan and work your magic.

Trust me, it’s a process, and it will always be, that’s the nature of leadership.

There are days I wake up, and I can’t believe I ‘created this life.

Other days, I want to cry with overwhelm.

No matter what, a proud women entrepreneur, I redirect the self-limiting beliefs as soon as they try to sneak in.

When I’m feeling most challenged, I remind myself of the big and small achievements I’ve made along the way, block out the noise and pledge to remain persistent.

What success mindset or tools are you using on your entrepreneur journey to keep going when you’re feeling challenged? Drop me a line below, let’s talk about it.

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