Women owned businesses are highly increasing in the economies of almost all countries. The hidden entrepreneurial potentials of women have gradually been changing with the growing sensitivity to the role & economic status in the society. Skill, Knowledge & adaptability in business are the main reason for women to take up entrepreneurship.In the global economy of the 21st century, international trade will be a key source of economic growth and development. A recent survey conducted in several countries by the National Foundation of Women Business Owners (NFWBO) indicates that women-owned firms involved in the global marketplace. It provides insights to the truths & myths about the role of women entrepreneurship in society as a whole & also capability/caliber of women as individual. In a world of rapid change, all entrepreneurs must have the flexibility and creativity to meet the changes they face. The importance of a strong, mindful vision that can lead toward a better world is often underestimated. In spite of many hurdles, Women are excelling in business with flying Colors.