Becoming a female entrepreneur earning over seven figures is an achievable dream. In today’s landscape, women entrepreneurs own close to half of all businesses, roughly 13 million, and that number continues to climb every year.

In the early 1970s, only approximately 5 percent of all businesses were owned by women; it is now an astounding 42 percent. Still, starting a new business comes with challenges, particularly knowing where to start and how to avoid common pitfalls.

One thing you must realize is that it’s okay and necessary to reach out to women who have overcome obstacles to achieve overwhelming success.

An example is Shoshanna Raven, a multi seven-figure business leader, mentor, and Living Brave empowerment brand founder. You can hear Shoshanna on Apple, a podcast where she shares her story and offers guidance. Coaches like Shoshanna want women to know what they wish they had known when they got started.

Whether you need inspiration to progress your professional life or motivation to get a business off the ground, women like Shoshanna are there to encourage and advise.

Becoming a Successful Woman Entrepreneur

Women are increasingly breaking the mold that long personified the business landscape, putting women in the assistant role instead of leadership. Now, thriving female leaders like Shoshanna Raven are paving the way for women-led companies and female entrepreneurship.

These empowered females bring passion where it was lacking and lead the mainstream with fresh, innovative ideas. Where do you start, and how can you avoid the common pitfalls? Let’s get some advice.

Establishing a community and keeping them close

Imposter syndrome plagues all entrepreneurs to some degree; they question if they’re doing the right thing and whether they have what it takes to grow a business successfully or thrive as an entrepreneur.

Most people reach out to close friends and family for guidance before taking the initial step. However, this isn’t the ideal community, particularly if they aren’t on the same page as you regarding women as business leaders.

In fact, negative reactions can often lead women striving for entrepreneurship to doubt their attributes and cause them to walk away from the challenge.

When building a community, being selective is vital with those you choose to confide in. A positive support system will include like-minded people who motivate and inspire, offer praise and positivity, instead of discouragement and negativity.

A network comes first

In this same vein, networking might be a first step in order to effectively build a solid community. Networking involves approaching professionals within your industry to gain insight into how they progressed to the point where they are now and learn about the mistakes and obstacles they faced on their journey.

You can use their stories to guide your path, avoid potential obstacles, and make informed and educated business decisions leading to accomplished goals and ultimate success.

In order to network effectively, you must research to find credible conferences for professionals in your niche and register for these, join online groups for entrepreneurs where seasoned pros and newbies communicate, and also search for a mentor or coach like Shoshanna Raven and sign into her podcast for inspiration and motivation.

Use doubt as a growing opportunity

Women still face unfair biases and doubt, being the minority in the world of business ownership and based plainly on the fact that they’re female. This staunch mindset results from outdated stereotypes essentially “grandfathered” in.

Instead of allowing doubt to cloud your vision, it’s essential to take that negativity and turn it into a challenge, an opportunity to grow and evolve. When you exceed doubters’ expectations and perhaps surprise yourself in the process, you’ll grow stronger and more capable.

You want to go into your endeavor understanding that the bar will be set higher, and judgment will be rampant initially, but as you prove your abilities, the doubts will be replaced with praise and congratulations.

More importantly, you will gain self-assurance and become resilient to criticism moving forward because you are confident in your value. Go here for tips on building a seven-figure business from your home.

Allow vulnerability

In the beginning, you’re green to the business landscape. You have so much to learn about entrepreneurship and owning a company; that’s to be expected, and it’s okay. The thing to avoid is egotism, feeling that you don’t need help but can manage on your own. That could lead to your eventual downfall.

Instead, you want to ask every question and address every concern with the community that you build and the professionals in your network. Don’t be afraid to ask for help in getting started. A mentor or coach is an ideal resource to guide you through your initial struggles.

A quality and qualified coach can teach you about topics you may know little to nothing about, such as marketing, taxes, and sales. When you allow yourself this learning curve, you’ll have a better chance of avoiding mistakes and producing above-standard results.

Risk-tolerant and decisive

Many people have a dream but hesitate to follow it through. The longer you wait to get started, the less likely you are to actually pursue your goals. Instead of talking about what you want to do, put it in writing, develop a plan of action with long goals and short-term achievable milestones.

Accomplishing the small steps will keep you focused on reaching the bigger goals. The more you work on the plan, the closer you’ll get to starting your entrepreneurship or getting the business underway. You want to always perceive success as a viable option for yourself.

Final Thought

When vying for a startup or entrepreneurship, you will face hurdles, endure hard days, and make mistakes. The priority is to face these challenges with the grit that brought you as far as you’ve already come, showcase your passion, and display extraordinary perseverance.

Successful women entrepreneurs are integral in driving innovation, creating jobs, and economic growth. Their individual attributes and unique perspectives enrich a dynamic business landscape.