This article on the common obstacles female online entrepreneurs face came about when Alex Papa recognized that this blog attracts mostly women. His mission is to help people accesses business opportunities. Here he provides you with some solid well documented information.
Guest Post by Alex Papa
It is widely believed that the internet has made it easier than ever to become an entrepreneur. There are so many different choices available to business minded opportunists such as eBay, Amazon, blogging, online wholesaling and retailing, affiliate marketing, social networking, and more.
In reality, however, things are not always so simple. Whatever your business is online, at some point it comes time to let go of the security afforded to you by a 9-5 employment position and go it on your own. This is a frightening thought since there are no assurances that your online business will succeed.
Female entrepreneurs may face different challenges and hurdles in the internet business world than men do. Preparing in advance for these obstacles will give you a firmer foundation upon which to build your online business, and your chance of success in a competitive and chaotic environment will be greater.
1. Balancing Emotions With Reality – A Feasibility Study
The moment an idea is conceived for a business is an exhilarating one. Keep in mind, however, that no matter how profitable an idea may seem at first, not all of them are successful. Every new business idea should undergo a comprehensive and rigorous feasibility study. Many entrepreneurs skip this critical step of evaluating their business ideas, resulting in business failure after launch. Every online entrepreneur must keep reality in check, no matter how successful their blog seems to be, or how many devoted subscribers there are standing by ready to buy their ingenious new product or service. Don’t fall in the trap of thinking that just because another blogger obtained successful results on a niche blog idea the same results will prove true for you. The online marketplace is constantly changing. A properly performed feasibility study collects and evaluates data as it relates to a particular market. It also should encompass market competition for the proposed product to determine if your profit expectations are realistic.
2. An Experienced and Knowledgeable Mentor
New online business owners are novices in unfamiliar territory often without a firm grip on what to do next. An experienced and knowledgeable mentor is an invaluable resource for providing guidance and assistance in your new quest, helping launch your business over hurdles and obstacles that might otherwise impede your venture’s growth. Therefore, it is essential to build a relationship early on with someone knowledgeable and experienced in online entrepreneurship.
3. Overcoming Prejudices
Some old fashioned minded people still hold fast to the outdated ideal that a woman’s place is in the home. This prejudice exists in the minds of many men, and it often results in unfair and insulting comments directed at female entrepreneurs. Ironically enough, when many of these women entrepreneurs inform their boss they are leaving their 9-5 employment to pursue their blog business full-time, their boss does not even have a clue what a blog is. A female entrepreneur needs to prepare herself not to let these prejudices and insults hold her back; instead, she should use them to empower and motivate her to build her business into a highly successful one.
4. Over Committing Yourself
Every individual has limits, both physical and mental. Many eager new entrepreneurs often over commit themselves to more than they can physically and mentally achieve. Your drive and the excitement of launching a new business causes you to believe you can do much more than you reasonably can in a short amount of time, and it often leads to a loss of focus and total burn-out. Most women have additional responsibilities other than their work, such as family, children, older parents and relationships. This requires them to be highly efficient managers of their time and have the ability to delegate effectively. Outsourcing some work to freelancers can lighten the work load and help you meet your goals without setbacks.
Should you choose to ignore these challenges, it usually will impact your business negatively. If you want your business ventures to succeed, you must acknowledge the obstacles that exist and prepare yourself to meet and overcome them in positive ways.
Alex Papa and his wife are successful entrepreneurs and founders of numerous off and online businesses. Alex is also the designer and creator of a start a business audio course where you’ll learn what rich parents teach their children about starting a new business venture that business schools do not. In his business opportunities blog, you can also lay your hands on the most recent Norton 360 discount codes.
Thanks Alex. I can relate to “over committing myself”. I am very good at biting off more than I can chew….but my favorite obstacle is #1. I have made mistakes even after doing a study of which direction I should take. Now I find myself peddling to catch up.
P.S. What do you think? Do you find yourself in this post? Does knowing the obstacles are there and the ways to conquer them help?