Kimberly Rosales explains the challenges of being a female entrepreneur

It is increasingly repeated that we see the role of women increasing in the world of entrepreneurship. Kimberly Rosales, a successful entrepreneur, explains the pitfalls women face in the process.

According to the Global Entrepreneurship Monitor report, Latin America is known as the region with the highest percentage of female entrepreneurship in the world. However, still today, women entrepreneurs face invisible obstacles due to fear of risk and lack of unity and self-confidence that prevents them from promoting their companies.

Finding the right support is a big hurdle. As the first circle around women, family support is very important. They can receive advice, encouragement and even financial support. Successive women in their circle of support have helped them become who they are today.

Lack of time can also play a negative role. Everyday chores, preparing meals, taking care of the family and even taking maternity leave are time-consuming activities, Rosales explains. This means that many women do not have enough time for their own business. The solution is that the whole family can help with the housework so that you have more time to start working on your business.

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It’s normal for women to feel insecure about starting a business and don’t know where to start. This challenge is easily solved. Start by deciding what type of business you want based on what you like and know how to do. For example, if you are praised for your seasoning, start a grocery business. If you can sew by machine, make clothes or repair them. Or, if you live in a place that allows it, grow crops.

Betting on women-owned startups and businesses is essential. Doing so breaks the gender bias women face. The numbers show: Globally alone, 20% of tech startups are created by women.

A study by the National Center for Women and Information Technology found that only 25 percent of technology and computer related jobs are held by women. Although more companies are joining the shift, the stock still has a long way to go.

Women are extremely careful about details for fear of looking bad or out of control. This limits their ability to achieve their goals and actions. Rosales says entrepreneurs need to have a team that can delegate and not be part of an orchestra of women.

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The fear of being alone makes women choose an inappropriate partner, someone who does not allow them to grow, develop and postpone their lives. Rosales advised that you need to be with someone who can make you shine and shine, someone who doesn’t drain your energy.

Programs and support are available from government, chambers of commerce and civic associations. They should be published more widely. Women entrepreneurs will be able to choose, make decisions and take responsibility with the help of information.

Rosales admits that one way to overcome the virtual or psychological barrier that women have in a traditionally male world like business is to learn about success stories. Cases of women who have become great entrepreneurs with many workers under their supervision and exercising leadership in the business world. He adds: inspiration to dream and make a dream come true.

Certain products have been developed by the government, commercial banks and microfinance companies. Women are not comfortable with money.

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If a woman knows how much money she needs and what her repayment capacity is, there is nothing wrong with applying for credit. In addition, there needs to be a system where fathers and mothers can take care of their children and where there is more flexibility in careers so that women do not have to decide between being a mother and being a professional.

About Kimberly Rosales

Kimberly Rosales is an entrepreneur and tech enthusiast who realized early on the full potential that digital currency can offer. He founded ChainMyne, a FINTRAC registered company, in 2020 as a means to provide an easier way to access digital currency as well as empower digital currency holders. While most of his time is spent making sure his business ventures are on track, when he has some free time, he enjoys spending time with his family and exploring new places.

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