It is evident that an increasing number of women are considering becoming their own bosses, as the current proportion of female entrepreneurs stands at a whopping forty percent (40%) of all new business owners.
If you are the boss, you are in the enviable position of being able to determine your own pay scale and receive compensation commensurate with your skills.
An entrepreneurial woman who can’t wait to finally have the autonomy and adaptability she’s been hankering for
According to the “2018 State of Women-Owned Firms Report” that was commissioned by American Express, the number of businesses that are owned and operated by women has climbed by approximately 3,000% since 1972. In addition to this, throughout the years 2017 and 2018, women in the United States created an average of 1,821 new enterprises every single day. It is evident that an increasing number of women are considering becoming their own bosses, as the current proportion of female entrepreneurs stands at a whopping forty percent (40%) of all new business owners. However, why are there so many female entrepreneurs today? Rather than working their way up the corporate ladder, more women are choosing to start their own businesses for a variety of reasons, including the following:
to have more leeway in the situation
Whether we are speaking of young children or elderly parents, the fact of the matter is that the majority of primary carers are still female. According to the findings of one piece of research, the top reason that American women start businesses is so that they can better balance their work and family responsibilities. According to the findings of another survey, over 74% of women believe that having flexibility is more important than having the highest possible income. Working for someone else typically restricts your freedom while being your own boss grants you more independence. This greater autonomy is especially important in situations where spending time with family may be the first priority. Women are gravitating to entrepreneurship for a variety of reasons, one of which is the flexibility to create one’s own schedule, which makes it much simpler to fit in physical activity and maintain a healthy lifestyle.
To demand a price commensurate with their value
Unfortunately, the disparity in compensation between men and women has hardly changed over the course of the past 15 years or so. According to the findings of the Census Bureau, in 2016, women who worked full-time and year-round earned 80 percent of what their male counterparts did. If things continue to evolve at the same pace as they have since 2001, women won’t catch up to males in terms of salary until the year 2119. Do we wish to wait for an additional hundred years? Absolutely not, which is one reason why more and more women are pursuing business ownership. If you are the boss, you are in the enviable position of being able to determine your own pay scale and receive compensation commensurate with your skills.
In order to exert a greater degree of influence on their future.
The idea that having a job with an employer provides the greatest degree of security is a fallacy. At some point in their careers, a significant number of women have been laid off, restructured, reorganized, or bought out of their companies, or some combination of these events. These kinds of situations frequently lead to organizational shifts that are outside of an individual’s control and have the potential to have a detrimental impact on their careers. When you work for yourself, you are the one in control of your own destiny. This is a potent statement since you not only have authority over the activities that occur within your company, but also over the people with whom you collaborate, such as customers and business partners.
To advance more quickly
In order to break through the glass ceiling, an increasing number of women are founding their own enterprises. An intriguing study that was just published in the Harvard Business Review put the notion to the test that women aren’t promoted as swiftly as males because of the differences in their behavior. According to the findings of the study, which made use of sensors, men and women behave in the same manner while they are at work; they get the same amount of work done in a day; they spend the same amount of time in face-to-face meetings with their superiors; and they receive the same ratings for their performance. According to these findings, the disparities in their promotion rates were not the result of variations in their behavior but rather in how they were treated. Research conducted by LeanIn.Org and McKinsey & Co. revealed that despite the fact that roughly the same amount of men and women say they want to be promoted, women have a 15% lower chance of actually being promoted than men do. According to the findings of the study, if things continue as they are, it would be more than a century before there are equal numbers of men and women in executive positions. It should come as no surprise that more and more women are pursuing business ownership as a means to develop their careers more rapidly.
should pursue what excites them most
A lot of women are giving up careers in corporate America because they find that their occupations no longer motivate them (if they ever were). Beginning your own company enables you to discover significance in your life and provides you with the opportunity to create a legacy of which you can be proud. Finding a career that you are enthusiastic about is essential if you want to be truly successful. The writers of a fantastic book titled Heart, Smarts, Guts, and Luck discovered through their research that without heart, very few firms become truly successful. The book is a superb read. In point of fact, they claim that “pure brain-based IQ is arguably the trait that is the least needed for commercial success.”
If the atmosphere at your corporate work is suffocating and you don’t feel like you’re making progress, it might be time to think about striking out on your own. In the end, it’s more satisfying to fail at something you enjoy doing than it is to achieve success at something you’re not passionate about.