Businesswomen – Bada Business

Women-Led Businesses in India Get Major Boost As Visa Announces Grants To Empower Budding Businesswomen

New Delhi, February 8: In a bid to boost women entrepreneurship globally and empower budding businesswomen, Visa on Monday announced the recipients of its grant programme in India. This would be Visa’s first global grant programme which will be in partnership with several startups that are led by woman entrepreneurs. Visa has partnered with IFundWomen, Bunko Junko, My Chapter One and MoWo Social Initiatives, where each one received a Rs 7,00,000 grant from Visa.

Resources from Instamojo will grow their businesses digitally, in a continued effort to offer better services to their communities. In a statement, Kevin Phalen, global head of business solutions, Visa that access to funding, educational resources and a digital presence are fundamental building blocks that will help small businesses get back to not only surviving, but thriving.

Women-owned enterprises in India have grown from 14 percent to 20 percent in the past decade and employ between 22 to 27 million people.

Highlighting this growth in women-led startups in India, Visa received applications from hundreds of businesses across the country in sectors including apparel and fashion, healthcare and wellness, food and beverages and art and events.
The company evaluated 16 semi-finalists by a jury panel comprising senior leaders across Visa, FICCI FLO (FICCI Ladies’ Organization) and Instamojo. The final winners were selected based on the count of jury votes.

In addition to the grants, Instamojo, the digitization partner, is providing the winners with tools and resources to help build their digital presence.

Women in Business: 5 Tips for Female Entrepreneurs to Establish Successful Start-Ups

Women are increasing taking up various entrepreneurial roles with the bloom in start-up ecosystem. Not only has the female participation in the work fold has increased, women are increasingly starting their own businesses and becoming financially independent. To promote women entrepreneurship, the government has also introduced various schemes to provide financial support to their business at the entry stage as well as during growth phases. The wave female entrepreneurship is not restricted to urban areas only, more and more rural women are starting their businesses.5 Habits of Highly Successful Leaders and Entrepreneurs.

From idea generation to establishment and running of business operations, women all over the country are single handedly driving their start-ups to growth and success. Here are some tips for women entrepreneurs to be successful in business :

Know Your Business

Before starting the business, the women entrepreneurs should gain proper and adequate knowledge about the nature of business, market conditions, nature of products and services offered, strategies of competitors, consumers’ tastes and preferences and choose the most profitable positions for the product. Awareness and clarity on different aspects of markets help to boost confidence of the entrepreneurs.

Be Decisive

Another important characteristic a woman in business needs to have is decision making. As an entrepreneur, women face various challenges, both business related as well as socially constructed. She needs to be upfront with all the difficulties and follow her heart. Woman entrepreneurs need to be highly decisive, trust their decision making process and stand by it. Top 21 Books That Every Entrepreneur Should Read In 2021.

Networking

To grow in business, support and collaboration is important. This is even more important for women who are new to entrepreneurship as in most cases they lac support from their immediate surroundings. Connecting with already established and successful business women strengthens young female entrepreneur psychologically and provide much needed motivation and guidance.

Seek Feedback

Feedback and reviews from customers help in understanding the market better and making necessary changes. Entrepreneurs should read reviews, find articles about their business, and interview their customers. They need to pay particular attention to negative reviews and ask people specifically what they wish they were getting out of the product or service they’re using from your competition.

Be Positive and Believe in Yourself

Businesses take time to establish and experience success. It is a long process. There are certain bottlenecks take keep popping up in the journey. However, a women entrepreneur should never be afraid of failure and always remain positive. She needs to trust herself and have full faith in their dreams to becoming a successful businesswoman.

Women are regularly scaling newer heights in all aspects of life. In business as well, various female entrepreneurs have proven their immense worth while many others are on their way to success. Self belief and determination with adequate knowledge are the key to success.