Meriam-Webster defines entrepreneurship as the management, organizing, and
assumption of the risks of a business or enterprise. Entrepreneurship is the
backbone of business activity. Similarly, the willing act of leading the
business by a woman who makes herself responsible for the management of the
business and voluntarily accepts the risk of losses is called the woman
Nation-building means to be politically stable, economically sound, and socially
developed. When a country is economically well, it becomes prosperous in other
aspects also as prosperity brings awareness, education, and knowledge with it.
Female Entrepreneurs: Rising Firefighters:
The business in the Indian mixed set of the economy is an absolute play with
fire. This fire, when used properly, can help to cook delicious dishes but if
used carelessly may also burn the hands. The rising Entrepreneurs in India are
truly the firefighters who have made good use of this fire by their great
courage and exemplary business management skills. There are so many names among
us who contributed to nation-building.
Gina Rinehart, Falguni Nayar, Denise Coates, Chitra Gurnani Daga, Kiran Mazumdar
Shaw, Aditi Gupta, Indra Nooyi, Shradha Sharma, Vandana Luthra, Wang Laichun,
Shahnaz Hussian, etc. are a few of them. These women are not only playing
smart business strategies but also favoring national economic growth.
Role of Entrepreneur women in nation building:
Women have proved their wonderful management, planning, and organizing skills as
housewives beyond any doubt. Their managing skills are god-gifted. It was the
second world war that bought many women into work and many of them initiated
themselves into entrepreneurship but this was only for necessity. In a
society with a family, having commonly a male head, it is assumed that women
will be dependent upon him.
Still, women have proved themselves on several occasions. Security comes with
wealth and when there is more than one earning member in a nuclear family,
prosperity comes to it. Similarly, if half of the disguised population of any
country starts contributing to its economy, the country also becomes prosperous.
Without women, a nation can't survive as they are called Shakti Swaroopam, i.e
the source of power and energy. Entrepreneurs serve the prosperity of a country.
All the skills which are required for entrepreneurship are naturally versed in
the ladies. The ability to patiently solve the issues, wisdom, smart and out of
box thinking, economizing costly tasks, and hard work are the abilities of a
Challenges and Prospects:
The basic challenges for women as an entrepreneur are the male-dominant social
approach, lack of finances, lack of will, lack of education and exposure, a less
convenient environment of the market, etc. The women have less education and
they are less skilled. Management courses are supposed to be made only for boys.
They have financially dependent upon their father or husband, therefore they
have less financial support. Although the law provides them equal coparcenary
rights there is a mindset of women as well to not to take share in their
father's property. women who take the share do not use it properly. The lust for
ornaments is also present among Indian women which bars them. After 1991
reforms, globalization has bought a change in the mindset, females are given
more opportunities and equal rights.
The Positive Vibes:
Current age is of Globalization. The world is moving towards digitization and
this makes it the golden era of startups. The women have also become more
thoughtful towards their identity. They no more want to stay under the veil of
orthodox customs and survive on the salary of their male counterparts. Nuclear
family fashion has made them more independent and decisive. Gina Rinehart is an
Australian Entrepreneur who took her bankrupt father's business and raised it on
heights. She is currently the Richest Australian and 75th richest person in the
Similarly, Falguni Nayar of Nykaa was once an investment banker. After working
for 20 years, she became an entrepreneur in 2012. And later she turned out to be
the wealthiest self-made Indian woman. The women's share in entrepreneurship
worldwide is increasing. As per the data available, The US has seen an increment
in Female Entrepreneurship of about 30% between 2007 and 2019.
There was a time when India was a hub of cottage industries. The Cotton, Silk,
and Jute were woven by skilled weavers with expertise. In all these scopes,
women were crucially involved and played a great role in the manufacturing of
products. The introduction of heavy industrialization in India bought
devastation to these cottage Industries.
Working at a factory was a task in which women had experienced a lot of
difficulties. This also depressed their entrepreneurship. But now due to the
impact of globalization and Startups, we can assume the growth of Female
Entrepreneurship in the coming days.
- Brett Nelson, The real definition of entrepreneur and why it matters?,
June 5th, 2012, https://www.forbes.com/sites/brettnelson/2012/06/05/the-real-definition-of-entrepreneur-and-why-it-matters/?sh=4c0edfe14456,
Visited on January 30th, 2022 At 9:10 PM.
- Ravi, Top 10 most influential and successful women entrepreneurs,
Also see, S Shanthi, Women Entrepreneurship Day, Nov 19, 2021, https://www.entrepreneur.com/article/398145,
Visited on January 30th, 2022 At 9:36 PM.
- Akancha Srivastava, Contribution Of Rural Women Entrepreneurs In Nation
Building, September 1, 2018, https://www.researchgate.net/publication/334457904_CONTRIBUTION_OF_RURAL_WOMEN_ENTREPRENEURS_IN_NATION_BUILDING,
Visited on January 30th, 2022 at 9:57 PM.
- M Sumana, Women Entrepreneurs in India, https://www.economicsdiscussion.net/entrepreneurship/women-entrepreneurs-in-india/32337,
Visited on January 30th, 2022 at 10:34 PM.
- DK Sinha, 8 Problems Faced by Women Entrepreneurs in India- Explained,
Visited on January 30th, 2022 at 10:53 PM.
- Ms. Nishu Miglani, Need, and Importance of Women Entrepreneurs, https://thebusinessfame.com/need-and-importance-of-women-entrepreneurs/,
Visited on January 31st, 2022 at 7:45 PM.
- Ravi, Supra note 3.
- Tushar Deep Singh, How Falguni Nayar Built Nykaa to Stand out from the
Visited on January 31st, 2022 at 8:42 PM.
- Brent Gleeson, Current Rise of women Entrepreneurial Leaders, Mar 8,
Visited on January 31st, 2022 at 8:53 PM.
- Punia, Cottage Industries in India: Meaning and problems faced, October
Visited on January 30th, 2022 at 4:55 PM.