5 Valuable Lessons You Can Learn From Self-Made Women Entrepreneurs

Quick Facts:

• Approximately 252 million women worldwide are entrepreneurs, and another 153 million women are operating established businesses, according to the Global Entrepreneurship Monitor 2018/2019 report.
• As per various US reports, 12.3 million women own businesses in the US.
• Kalpana Saroj went to be the first woman entrepreneur in India.
• Wang Laichun is one of the most successful and influential women entrepreneurs, followed by Oprah Winfrey, Business Connect (a business magazine) reported.

What is the meaning of ‘Self-made’? Do you know, when it comes to self-made success, women entrepreneurs are far ahead of the men entrepreneurs. The self-made title is a badge many entrepreneurs proudly wear. Here in this article, we will discuss the lessons you can learn from self-made women entrepreneurs.

Who told women they couldn’t be promising business entrepreneurs? Oh, come on! In this 21st century, women are more engaged in business and won’t believe in the past ten years; the entrepreneurial waters are getting more crowded daily. It’s a blessing in the business world, with the rising number of self-made businesswomen showing their strong presence and legacy as they move ahead. So let’s applaud the growing female presence; the information becomes more valuable when discussing self-made women entrepreneurs.

Today is unique, and we feel proud to share information about those businesswomen who climb the ladder of success from the base level. And it also becomes special because these women, through their pure determination, hard work, strategy, and some other significant steps, had made successful businesswomen. And we are lucky that we will know about their vision and learn lessons from them.

If your eyes are set on success in the business arena, it’s wise to pick up the cues from the best – and fairest – of the world’s famous self-made entrepreneurs of the 21st century.

It will be an interesting article today; kindly read till the end to know the secret formulas behind their success. Let’s find out five valuable lessons:

1. Don’t Be Ashamed to Ask for Directions

2. You’ll Make Mistakes – Learn from it

3. Learn the lessons from Entrepreneurs instead of just imitating them

4. Find your passion and go after it

5. Believe in what you can do

Let’s Begin:

1. Don’t Be Ashamed to Ask for Directions

Life is not easy; to become successful, you must work hard and give your best. You get what you ask; if you don’t try to find the path, you can’t reach the destination.

Face it: you’ll never know all there is to be known about business, but not asking for directions is the easiest way to get lost along the way. Famous female entrepreneur Oprah Winfrey knows just how crucial it is to do industry-related homework in advance and not be ashamed to ask questions and seek help whenever needed.

Related: 5 Inspiring Young Women Entrepreneurs in India

If your eyes are on high business results, hard work and research will get you on the right track, but the answers will keep you on the right and fast lane.

2. You’ll Make Mistakes – Learn from it

If you want to succeed, try to make mistakes and bounce back. Although, while trying something, you might make some mistakes, don’t get upset. Stand and learn from it because mistakes make a person more robust and mature.

One of the best examples would be Sara Blakely, the youngest American self-made female billionaire; she made mistakes and grew from them. According to her,” failure is a sign that you’re pushing the limits of your comfort zone and taking risks; thus, errors are an integral component of the path to success.” Likewise, mistakes teach us the lessons on how you can tweak business strategy and approach to ensure the best results in the long run, so make them – and learn from them, too.

3. Learn the Lessons From Entrepreneurs Instead of Just Imitating Them

It is human nature to follow idols; we mean, you learn the necessary lessons from Successful Women Entrepreneurs in India, don’t try to imitate them. You need to know that you can’t replace anyone’s identification. For example, Bill Gates will always be Bill Gates; no one can replace him- learn the tactics and formulas, and implement a business model in your business to become a successful entrepreneur.

For example- If your idol is Indra Nooyi, the ex-CEO of Pepsi, my advice is don’t try to imitate her. Instead, try to learn the skills and crucial business formulas from her strategies and plans.

Remember, there are two kinds of people; first, they dream of being the same as the idol they follow. Second, one wants to be successful by implementing those plans and strategies.

4. Find Your Passion and Go After it

Ambitious people have a passion that sets them apart. They’re fighters and grafters and find their way out of often tricky situations.

A road to success is covered in thorns, but a woman like Karren Brady isn’t scared by obstacles, which is why they rise to the industry’s top tiers. When going gets more challenging than usual, the passion for your line of work will keep you on the right track and heading for outstanding performance metrics at full pace. For this reason, every businesswoman’s best friend is the spark: find your passion beyond money or fame, and let it guide you on days when the entrepreneurial waters grow murky.

Stepping into the business shark tank requires courage, passion, constant learning, and skills – but these successful women have proved that success is attainable and worthwhile. We can all learn a lot from them, who know the business loves the back of their ladylike hands, so consider the cues listed below and put them to practice in your industry and laurels will hit home soon.

5. Believe in What You Can Do

For both entrepreneurs, having self-belief was the essential and most significant challenge to achieving success.

Diane Hendricks, an American businesswoman, a film producer, and co-founder of building product distributor ABC Supply Co says, does the work you like to do. If you believe you can do this, do it, do not wait for anything. She continued, “In the beginning, you might find your work to be difficult; if you believe you can do this, then do it. Any plans or strategies are only useful when you believe in yourself, and your effort turns dreams into realities”.

Trust in yourself is an essential factor in achieving success in your business, and you can only accomplish it when you believe you can do it.

The list of self-made female billionaires will continue to grow over the next decade. However, more importantly, many more women will build income streams and small businesses to support their lifestyles and provide for their families.

These ladies have shown us what’s possible when we learn crucial lessons from them, utilize and implement them in our business, and strive for excellence. From these lessons, you can reach great heights no matter what. Also, these businesswomen were not born with any privileges yet managed to start their businesses from scratch.  Now, they are counted among the richest in the world and, in the process, have inspired many.  

Karan Jain

Born in the family of entrepreneurs and have inherited the same. Started building applications in order to pay for my tuition. Later founded a tech company, marketing agency, and media outlets.