Female Entrepreneurs: Avoid Falling Victim to the “I Can Do It Myself” Syndrome
According to the Center for Women’s Business Research, as of 2008 10.1 million firms were owned by women (75% or more), they employed more than 13 million people and generated $1.9 trillion in sales. Many women are becoming entrepreneurs and stepping out on their own, but that doesn’t mean they have to go it alone.
I recently surveyed a group of female entrepreneurs and 75% of the women indicated that time is the most challenging factor — followed closely by money. Many of the female entrepreneurs that participated in the survey seemed to suffer from the same syndrome, one that I call the “I Can Do It Myself” Syndrome.
There are many reasons women have fallen victim to the “I Can Do It Myself” Syndrome, be it because they think they can save a few dollars by adhering to this credo, or because they feel that they cannot trust others to do the job as well as they themselves can.