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6 Things Women Entrepreneurs Can Do To Enhance Their Performance and Achieve Success

6 Things Women Entrepreneurs Can Do To Enhance Their Performance and Achieve Success

The mantra that women entrepreneurs are actually becoming more successful and ambitious than their male counterparts isn’t exactly unheard of today. They are highly ambitious and often start their career at a young age. There are known female actors, athletes and investors and directors who started in their teens and are now some of the most successful women in the world.

According to this report, over 8.6 million US businesses are run by female entrepreneurs. It is also reported that 90% of women entrepreneurs anticipate their companies’ revenues to either increase or remain stable the following year. The report’s revenue data indicates that companies commandeered by women entrepreneurs saw 13% higher profits than those run by men.

If you’re a struggling and ambitious female entrepreneur who’s looking to make it big in the corporate world, here are six things you can do now to boost your performance and attain unparalleled success:

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1. Surround Yourself with Positive Energy and Like-minded Individuals

The most productive female entrepreneurs surround themselves with people who propagate success and positive vibes. And these are the kind of people you can benefit from the most as they simply do not tolerate negativity or listen to what the whiners and naysayers have to say. There’s a little saying that goes along the lines of: “Those who can’t get it done shouldn’t deter those who can.”

There are many groups online and offline that cater to business owners seeking inspiration. Look for a network that matches your vision and business goals and don’t hesitate to share your problems or ask for help. Be inspired and motivated, celebrate your successes and tap into the power of such groups.

2. You Are Authentic and You Are Awesome

Authenticity, particularly in the business world, happens to be a highly bankable currency. It defines your business and truly sets you apart from the entire cookie-cutter industry. Leadership itself demands authenticity and if you try to steal someone else’s limelight, you will eventually fail. People want to look up to someone “real” who can lead them to success.

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Muster up the courage to offer a unique value proposition and market yourself strategically so that it speaks to your brand. If you’re constantly trying to be “everything to everyone”, you will end up as a jack of all trades and ace of none, something which can spell disaster for you as an entrepreneur. Develop a platform that says “this is what we do, who we are and why we love doing it”. Unleash your authenticity and awesomeness.

3. Ditch the Gender Baggage

One of the best pieces of advice you will get from the most successful businesswomen today is that success isn’t determined by your gender, it’s solely determined by you. Understand what your strengths and weaknesses revolve around and fearlessly pursue what you want. If you get stuck in a rut and worry too much about gender norms and expectations, you won’t get very far.

4. Work Smarter Not Necessarily Harder

Despite the fact that you have some pretty big shoes to fill, you don’t have to take everything on your shoulders. Consider outsourcing jobs that you either don’t have time for or don’t like doing such as bookkeeping, company formation, and admin or devising digital marketing strategies. All these tasks are important, but can be done by others too. Why not spare a small expense to unload a little extra mental bandwidth and free yourself up for tasks that demand more of your attention?

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Graeme Donnelly, CEO at Rapid Formations, says, “While most people come to us in order to get their company registered, some also discuss how it is getting more and more expensive to run a business today. All I tell them is to be smart. I also guide them on how they can save money on registration as a lot can be done for less .”

You can work smarter by leveraging your time – consider working with groups – especially if you can earn more at the same time. You might also adapt and repurpose old blog content instead of coming up with new ones all the time. There are many ways to work smarter and not harder.

5. Don’t Run Away From Your Fears

The idea of leaving a secure and well-paying job to start your own venture can instill a lot of fear and uncertainty. Understand that you must tap into every last ounce of confidence you can; confidence in yourself as well as your product.

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You’d be surprised to know how some women entrepreneurs tend to be conservative when it comes to promoting their talents; however, if you want to perform at your level best and find success, you need to be your own best friend while selling to prospective clients and investors. When you’re trying to build a business empire, there is just no place at all for false modesty.

Don’t let a lack of confidence get the best of you – that little voice that keeps telling you, you aren’t good enough or no one will ever buy what you’re selling. Put your vision into action and march forward with full confidence, by believing in yourself and what you have to offer.

6. Remember Why You Got into This

Running your own show can be a very stressful proposition and you might often find yourself thinking “Why am I doing this?”; during such times, take a few moments to reflect so as to why you got into entrepreneurship to begin with. Is it your spouse who motivates you? Is your youngest daughter the driving force behind your dreams or ambitions? Or are you simply looking to make a positive change in the female entrepreneurship world? Hone in on these factors and reflect on them from time to time to keep your drive going.

Good to know:

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Ahmed Raza

CEO of Samurais.co

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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