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Traditionally women were busy in running household work they were nurses, mothers, wives, friends and teachers. During periods of war, women were drafted in to the labor market to undertake work that had been traditionally restricted to men. Following the wars, they invariably lost their jobs in industry and had to return to domestic and service roles. In the times of ancient regime France, few women held any formal powers; some queens and the heads of Catholic convents also enjoyed the luxury of being in powerful positions. Salic law prohibited women from post of rule; however, the laws for the case of regency, when the king was too young to govern by himself, brought the queen into the center of power. The queen could ensure the passage of power from one king to another - from her late husband to her young son - while simultaneously assuring the continuity of the dynasty. This chapter is devoted to take the 'bird's eye view' of the concept 'entrepreneur' in general and 'Women entrepreneur' in particular. In this chapter the researcher will be studying status of women in world, in India, in Maharashtra and in Pune. It will be followed by studying lives of ancient Indian women, women in medieval stage and modern Indian women. Position of Indian woman according to social indicators in census data is explained. The researcher has made an attempt to study the problems of women entrepreneurs and has set different parameters to check the work - life balance of women entrepreneurs.