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Saturday, September 23, 2023

Category: Business

Do It Your Way Business?

Craze in the field of business is unquestionably high. Most people crave for their own business and those really considerate about it work hard and take the required steps. What really matters is what one wants to do and develop one’s own unique way to do so.

Start The Business

Before starting a business there are certain points that are needed to be kept in mind:

  1. Problem identification: this is a very crucial step towards the idea of a start-up. The person must be aware of the problem that is existing in the society. Though there are many problems in the society but one has to choose wisely which problem they can take up and take possible steps towards the improvement. For example- trees are being cut down on very large scales for paper production. This is the problem that has been identified.
  2. Now the next step is thinking of the solution to the problem for developing a product. For example- instead of deforestation, for paper, can be replaced with recycling. Recycling can be done either industrially or at home by collecting all the unused papers from different notebooks and compiling them to form a new notebook. Now this can be of self-help too and also can start a business of those notebooks by selling them as recycled notebooks.
  3. Industry knowledge: one must be aware of the industry he/she is entering into. Proper knowledge is a must and all the processes and legal proceedings regarding it should be understood well enough. One should be aware about the current market trends and future growth rates. For example- for starting apaper recycling business one must get the necessary permits and licenses for the same and also this is a growing industry as deforestation is a great threat so alternatives are required for it.
  4. Target customer knowledge: awareness about the target customer (customers to whom the product is required) is required as they are the ones who will be interested the most in the product. For example- students and office workers are the main target customers for the paper industry so proper knowledge about their requirements is required to launch an effective and useful product for them.

Setting up a business plan is a really interesting thing to do but it requires a lot to actually do it in real life. So, one must be ready to take up the challenges and the hardships that would get into the way to achieve this goal.

The Status of Women in Business

For the longest time, women in our society have conventionallyoccupied the roles of housewives, mothers, and caregivers. Women and business have been at the extreme ends of the spectrum. But since the 18th century, women have courageously shattered the rigid glass of societal and cultural constraints to enterthe realm of business and corporate, gradually engaging inleadership, entrepreneurial, and managerial roles.

Feminine innovativeness in corporate world has broadened the horizons of sustainable productivityin many companies. There are various advantages of providing women with equal opportunities in the workforce. For example,

  • Multiplicity of opinions and creative outputs: The subjectivity, ethics, and experience of a woman lead to a completely different work output in a particular company or business, opening those pores of imagination and ingenuity that have not yet been opened.
  • Women are found naturally good at many soft skills such as communication, empathy, time management, teamwork, adaptability, problem solving, decisionmaking, and collaborative skills.
  • Multitaskers:The upbringing and duties of women as wives have inherently made them better multitaskers with greater productivity.

Role Of Business

Though the numbers are increasing every year but still they are very fewer than that of men. Such statistics provide a miniscule window into the social standing of women, who are systematically marginalized, subordinated, and deprived of education, career guidance,and adequate opportunities. More than personal insufficiency and inability, there is a larger structural and institutional problem behind the lack of women in the workforce.

The number of challenges encountered by women in the corporate sector and entrepreneurship are many such as:

  • Lesser salaries
  • Lack of funding
  • Not appointed to Senior C-level and executive positions
  • The struggle between familial or personal fulfilment and professional success
  • lack of business and industry knowledge
  • non-cooperative and deterring working environment shaped by preconceived notions on gender
  • lack of firm supporting systems (social, governmental or institutional)
  • poor accessibility to professionalnexus
  • intense competition

There is a need to provide women with equal opportunities, and anupholding and flourishing working environment of harmonious social coexistence for the augmentation of their confidence, trading, leadership, professional and intellectual faculties. Infinite possibilities in corporate are reflected for women through the prism of education and a sense of self-worth. The mainstreamphallocentric data shows how men are more successful and capable of entrepreneurship than women, that is because they have innately received all sources of formal and informal education, contrary to women. And not necessarily because they are biologically or naturally more intelligent, reasonable, or rational creatures than women. Women are progressivelyarranging themselves in empowering organizational units, enlarging theirchains of communion, fellowship, and networking. Women’s bonding, partnerships, and synergism travel beyond the hurdles of patriarchal structuring of the world of business.