7 traps you should avoid when preparing to be a woman entrepreneur

While some women dream of working their way up to the corner office, your dream should be to own the office. Are you really prepared for life as an entrepreneur?  Here are seven mistakes you should carefully avoid if you’re a woman serious about your plans to become an entrepreneur.

1. Failing to be on long-term birth control


Although driven single moms can achieve their entrepreneurial dreams, the amount of sacrifice it takes to create a business from scratch is much more difficult when you have a child in tow.

Birth control options are now safer than at any other time in history and are more easily attainable. If you are smart enough to have prepared early for your future as an entrepreneur, you’ll have taken the time to think about family planning and your goals. Children are a gift, of course; but they don’t have to be a surprise.

2. Making the pursuit of romantic love your priority

Wedding Cake

When girls are young, they fantasize about following the script society dictates: college, marriage, family. But, once they become women, many of realize that they have the power to rewrite that script to make their lives a free-for-all filled with adventure.

So, instead of daydreaming about a wedding, you may have begun plotting your course toward entrepreneurship — and that is a great thing. But you also have to determine the place romantic love will play in this scheme of things.

Placing romantic love above all other goals may have been cute when you were a teen. But women with ambition realize there are many ways to experience satisfaction in life.

3. Undervaluing self-education


When we look at the fact that some of today’s most successful entrepreneurs dropped out of college, we may think they were born with superbrains. The truth is, however, that those individuals who created those great ideas spent countless hours educating themselves on their craft through trial and error before they found their path to success.

Self-education comes through studying successful entrepreneurs, working at a business similar to the one you want to create or simply picking up a book. You are in charge of what you learn and how you apply it. Being an entrepreneur takes discipline, and educating yourself is just the training ground.

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4. Being unprepared to handle loss

Bad idea

Many of us have a survival skill set, a set of go-to options that we fall back on when times get rough. Upgrade your own survival skill set by creating multiple streams of income. Learn to maintain your sanity and integrity in the wake of disaster; accept that loss is a part of life. And understand that the experience of losing can function as the catalyst to do more with the skills you have acquired.

5. Living extravagantly too soon

Photo: SoftKenya

In the race to keep up the appearance of success, we often adorn our person and our lives with with material goods to feel we have something to show for the effort we’ve put into our dreams. We should stop, though, because there is no reason to compete with others early on in the game of entrepreneurship.

So, minimize your lifestyle. You don’t need a shiny new car during your humble beginnings. Your apartment does not need to be the penthouse. Your shoes and handbag need not sport the latest designer label.

Sure, you won’t be the hottest woman on Instagram, but you won’t have to worry either about impressing your social media fans, because one day you’ll have employees to manage and they’ll compliment you no matter what you wear.

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6. Depending only on your business ideas to earn income


If you want to make it as an entrepreneur, step outside of your chosen field and build a skill that has nothing to do with what you dream of doing in life. Learn something you can do with your hands that will produce income while you wait for your business to take off.

In short, never depend on your business idea as your only source of income. Creating multiple streams of income will be the only way to guarantee you will never go without life’s necessities. It will also increase your confidence, allowing you to take the reins and drive yourself wherever your heart may lead.