This review sheds light on the evolving phase of home-based women entrepreneurs, with the main focus on opportunities for growth and challenges faced by women entrepreneurs. Women have undergone a radical transformation from merely a homemaker to a dynamic multifaceted personality contributing to the socio-economic growth worldwide. This change is partly attributed to the growth of home-based businesses which offers women to take control over their lives by turning their skills, hobbies and ideas into prof table ventures. Major challenges faced by home-based business women include access to start up capital, conflict between work and family, managing business growth successfully, lack of training and business skills, keeping up with technology and other market place changes. New heights have and can be further achieved by women as entrepreneurs by overcoming social barriers, by increasing literacy rates of females, honing their business skills and asserting their capacity to assume leadership position. By increasing their participation in economic activity and by designing and implementing a well planned comprehensive programme for women professionals can improve confidence and a sense of self belief which would lead them to perform better in the professional ambience.
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