Skip to main content

What Does it Take to Become a Successful Female Entrepreneur?

What Does it Take to Become a Successful Female Entrepreneur?

In order to become a successful female business owner or entrepreneur you certainly will need a solid set of core skills that will allow you to actually do the work. However, many women have similar skills but not all of them, by any means, are cut out to be entrepreneurs.

Although successful business people are all very different, even if they essentially work in the same field there are certain characteristics that they all seem to share that any woman starting their own business needs to have, or make the effort to develop.

Personal Characteristics

The first thing you need to do is consider your own personal characteristics and determine whether you have, or will be able to learn, the aspects of the mindset of the typical successful entrepreneur.

  • Optimism – Being able to think positively and optimistically is a must for an entrepreneur. This ability to remain positive will help you through the rough spots that you will inevitably encounter.
  • Initiative – The ability to see the 'big picture' easily and problem solve on the fly
  • A Desire for Control – Do you enjoy being in charge and taking on responsibility?
  • Resilience – Can you still pick yourself up and carry on when things go wrong or not quite as you planned?

Interpersonal Skills

As a small business owner or entrepreneur your interpersonal skills will become more important than ever before as you deal with clients, customers, business contacts and suppliers.

  • The Ability to Listen – Being able to talk and 'sell yourself' is certainly important for a home business owner but the ability to listen is even more important.
  • Ethics – Do you believe in dealing with people with respect, fairness, integrity and truthfulness? Being perceived as honest, open and trustworthy is crucial if you want to build any kind of business.

Creative Thinking Skills

Once you are own your own without a manager or a 'leader' and all of the decisions related to a business are yours alone to make, at least in the beginning, your creative thinking skills will also become more important than ever before.

  • The Ability to See 'The Big Picture' – A successful entrepreneur or business owner needs to be able to see an issue from a number of different perspectives and still come up with original ideas.
  • The Ability to 'Spot a Trend' – A business owner needs to learn how to expand their 'reach' by spotting trends, opportunities and 'gaps in the market' that they can capitalize on.

Not everyone who wants to start working for themselves will have all of these 'traits' but the good news is that they are things that can be developed, if you are willing to work at it.

Learning From Others – Finding Inspiration in Other People's Stories

If your busy schedule has prevented you from picking up a good book recently then as you prepare to start your work as an entrepreneur that should change. There are a lot of great books out there, written by and about women who have succeeded in starting their own successful businesses that can provide you with a great deal of good information, ideas and inspiration. Check out works by Sheryl Sandberg, Arianna Huffington, Elizabeth Gilbert and Barbara Corcoran, to name just a few, to get you started.

Learning from Others – Networking and Finding Mentors

Spending time researching and reading when getting ready to launch a business venture is great, but if you really want to succeed you also have to begin networking.

If you are still working in the your 9 to 5 job you probably do not really have the time to actually attend a great many physical events but fortunately you can begin building a network of advisors and peers online thanks to social networking.

For a person planning to start a business the best site to begin looking for people to help you on is LinkedIn. There are hundreds of individual groups on LinkedIn that cover almost every niche in the world and there are a surprising number of people – including some rather senior and experienced people – in these groups that are willing to share their experiences and offer their advice, even with strangers.

In addition to using LinkedIn and similar sites to look for organizations - such as a professional employment organization, in order to expand both your professional opportunities and get the chance to meet people who are achieving similar goals to your own, which can actually be a great motivator and give you another reason to keep moving forward when you reach a point in the development of your idea that seems rather daunting.


Have more questions? Follow up with the expert herself.

{{playbook.title}}

Continue learning with this Ellevate Playbook:


Community Discussion
Kim Normand Dobrin

Thanks for a concise and informative article aimed at all !

August 13, 2018