It’s true that it takes a certain kind of person to start a business and become a successful entrepreneur. What’s more, to become a successful female entrepreneur there are specific qualities that one must embody to lead and propel companies to their highest levels.
In a recent KPMG survey of 200 women entrepreneurs on the Inc. 5000 list we take a look at the traits and explore the key factors that female entrepreneurs cite as core to their success.
50% of the women entrepreneurs wanted to control their own professional destiny. In fact, according to our survey, two key factors motivate women to launch companies: a desire to control their careers, and the opportunity to leverage their expertise to create something new.
Women entrepreneurs said some of the top challenges they face in building their businesses include hiring the right people, time management, and managing cash flow through lean times or funding growth. Here are the top ten biggest challenges women face in building their companies:
For more on the perspectives of successful female entrepreneurs, download the whitepaper: Women Entrepreneurs: Passion, Purpose and Perseverance.