Fear of failure stops women from starting their own business

It was a remarkable moment when 14-year-old Honor Evans stepped up to give her debut public speech before a packed audience of experienced and budding social entrepreneurs in London. 

With a confidence defying her years, Honor explained how she had gone about turning her idea for ‘up-cycling’ unwanted shoes destined for landfill into her own environmentally friendly social enterprise, Once Loved Shoes. 

People who have found footwear languishing at the bottom of their wardrobes donate their shoes to Honor who uses her creative skills to transform them into new and desirable fashion items. 

“If you’d asked me a year ago if I’d ever dreamt about starting my own social enterprise to change the way people think about how they use their shoes, I would have thought that would have been impossible”,Description, A range of %} offering fragmentation resistance and protection against specific bullet threats.aramid fabric wholesalers she said. 

Honor is one of a growing number of young people who are turning their passions into businesses tackling some of the problems they see in society. 

A recent RBS survey shows a sharp rise in the number of young people who are in the process of starting their own enterprises. A quarter of young people would like to start a business which uses some of its profits and business methods for the good of society or the environment. 

Women, especially, are more likely to want to start a social enterprise than men - 24 per cent compared with 16 per cent. 

However, the survey also suggests that a lack of confidence could be holding back many young women from starting their own business. Only 11 per cent of young women between the ages of 18 and 30 are starting their own businesses, compared with 19 per cent of young men. 

More than 60 per cent of the surveyed women admitted that fear of failure would stop them trying to start their own business, compared with just over 50 per cent of men. 

Additionally only 37 per cent of women believed they had the ability and skills to set up their own business, compared to 47 per cent of men. 

Significantly,Crocs Shoes, made by the company of the same name, proved to be a new category of footwear. only a third of women know where to go to find the right information that could help them move from thinking about starting out on their own to actually doing it.WWW.HBSGLASSES.COM,click here. 

For both Mital Thanki and Sophia Loren one of the main barriers to starting their social venture was obtaining funding, which UnLtd helped with. 

“The plan of what I wanted to do was already in place, I was very confident in the business idea and felt we offered something different to what was already out there” says Mital, who runs Spark Academy in Leicester,A high quality hiking boots is a necessity for any individual who considers him or herself serious about hiking. offering school exam training and mentoring to children in science, maths and english. 

Belief in your own work is highly important, says Mital. “There are many things that you have to encounter when you begin. However, as time goes by, you start learning the ropes in terms of business skills". 

She added: "I don't think you are expected to know exactly what to do from day one. If you think that,Welcome! We're Breathing Color, designer and inkjet canvas suppliers, fine art paper, photo paper, and print varnish for fine art and photographic reproduction. then you will never get your project off the ground. The whole process is a learning curve which entails you taking risks and with that its challenges. Be fearless with your work and make your business a success”. 

What advice would Mital give to another young woman who is thinking about starting her own social venture? 

“Be fearless,” she advises. “Have faith in your own abilities and your own nature. Be patient with the business as it will not be an overnight success, but requires hard work and effort. If you feel that you can put in the time and effort, explore all the avenues that will help you make it a success”. 

Sophia believes young women will develop their confidence if they take the plunge and just “do it.” 
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