As women continue to break barriers in business and professional spaces, the path to lasting success often requires a unique blend of resilience, strategy, and adaptability. Whether it’s getting through the demands of their careers or growing a thriving business, there are three foundational elements that can help women build enduring success: mental well-being, wealth management, and a strong understanding of corporate governance and regulatory requirements practices. These pillars are not just critical for progress—they’re essential for creating legacies that stand the test of time.
Why is mental well-being important?
While women are engrossed with their careers or businesses, mental well-being can sometimes become a silent casualty. Women, particularly those leading in entrepreneurial ventures or climbing the corporate ladder, are often expected to juggle multiple roles—professionally and personally. The pressures of perfection, societal expectations, and the pursuit of success can lead to burnout, stress, and anxiety.
Take for example the stories of women like Hauwa Ojeifo, Comfort Omovre, etc., who after years of pushing their limits, experienced burnout and realized that success without mental well-being was not sustainable. This is a reality for many women today. Prioritizing mental health isn’t just about self-care; it’s about ensuring long-term success. Women who take time to recharge, reset, and care for their mental health are better positioned to make clearer decisions, lead effectively, and sustain their drive over the long haul.
Do women really need to manage their wealth?
The question is, who doesn’t? Financial independence is a crucial aspect of enduring success. For many women, managing wealth extends beyond personal finances—it’s about ensuring that businesses thrive, grow, and weather financial storms. Being financially literate and proactive in money management can be the difference between thriving and merely surviving.
A number of women are contributing to helping women understand this key aspect of enduring success. Women like Tosin Olaseinde, Jennifer Awirigwe, aka, Financial Jennifer, Nimi Akinkungbe, etc., have built platforms dedicated to teaching others the importance of making smart financial decisions. From investments to savings, understanding how to manage wealth effectively empowers women to take control of their financial futures. This kind of knowledge allows women to make bold business moves, secure their futures, and empower the next generation.
What about understanding corporate governance and regulatory laws?
For female entrepreneurs, corporate governance and regulatory compliance are often overlooked but are vital in building businesses that can scale and last. It’s not enough to have a good product or service; a business must be built on sound legal and ethical principles to ensure longevity and credibility. Women-owned businesses that prioritize corporate governance can navigate the complexities of their industries, mitigate risks, and build stronger reputations.
These principles of mental well-being, wealth management, and corporate governance are not just mere terms; they are essential building blocks for women aiming to create enduring businesses and careers. Women who understand and adopt these practices empower themselves to transcend challenges, create lasting impact, and build legacies that will inspire others.
This understanding is the driving force for the conversations at our annual Women in Business Initiative (WIBI) event, scheduled for Thursday 28th November 2024, we will be focusing on addressing these key areas in the career and entrepreneurial journey of women. Click here to register and join us for this transformative session.
