The present study was aimed at studying role of psychological empowerment, decision- making styles and rejection sensitivity. This study investigates how women entrepreneurs and cooperative leaders are affected by psychological empowerment, decision-making approaches, and rejection sensitivity. Correlations between these parameters were investigated using information from a sample of Indian women. The findings suggest that risk aversion is influenced by rejection sensitivity, but assertive decision-making is associated with psychological empowerment. The results point to potential policy and organizational support implications for empowering women in business. Gaining an understanding of these dynamics helps improve the leadership and success of women in the entrepreneurial sphere.