Women: Homemaker to Entrepreneur for 25 Century
Welcome Reader with new blog post ‘Women : Homemaker to Entrepreneur for 21 Century.’ This is informative blog post regarding problem, challenges, measures & solution of Entrepreneurship dedicated to entrepreneurship & her dreams. This post can be transformation of women from ‘Homemaker to Entrepreneur’ who can changes the lives of thousands of people around them.
Women & Entrepreneurship
Women are described as the better half on men who very well know the how to run the house with proper economy. They play a key role in the conservation of basic life support systems like land, water, flora, and fauna. Empowered women means empowered society because women consider being pillars of society. Therefore it is necessary to Homemaker to Entrepreneur of women.
What is Female Entrepreneurship?
Female entrepreneurship is the process of starting businesses that are run by one or more female. It can also refer to leadership initiatives in which women take on senior roles in corporations, such as management, leadership, the presidency, and similar positions. In 2020, there will be 139 million managers and business owners worldwide, according to the GEM (World Entrepreneurship Monitor) survey, and there will be about 274 million female working in businesses and startups.
Women Empowerment
Hillary Clinton once said, “Women are the largest untapped reservoir of talent in the world” because we can find superiority of men in every phase of human lives. To deal this likewise problem worldwide women celebrates 8 March as International Women Day for empowerment. In the remembrance of Women international march agitation perform on 8th March of 1974 in London, UNO declare 8 March as International Women’s day. This day celebrated for the victory of Women who have challenges every part of notions worldwide.
Status of Women entrepreneurship in world
“GEM is the only global research source that collects data on entrepreneurship directly from the source – entrepreneurs,” as per GEM. It indicates sharper declines than men in their intentions to start a business within three years and overall startup rates, but not in upper-middle income countries.
As per GEM, startup rate is decrease nearby 15% in year period of 2019-2020. And present status of female entrepreneurship is one third of all number of entrepreneurship worldwide.
Opportunities for women entrepreneurs
With the consistent developments in the startup ecosystem, more and more women are chases the entrepreneurial skills.
Diversification in development ratio in various countries like develop or under develop countries impact on different types of women entrepreneurs in different manner. Although whole world is male dominated, women entrepreneurs of world pioneered in a different business sphere.
Although, female do not have the same rights and status as men everywhere in the world, there are worldwide female who spark their talent and build their own identity of CEO’s like Lynda Resnick – The Wonderful Company, Caterina Fake – Flickr, Arianna Huffington – Thrive Global, Sara Blakely – Spanx, Janice Bryant Howroyd – ActOne Group , Melanie Perkins – Canva, Tory Burch – Tory Burch, Cher Wang – HTC Corporation, Kiran Mazumdar-Shaw – Biocon, Judy Faulkner – Epic Systems.
Despite all obstacles and setbacks, they were able to start their own enterprises from scratch thanks to their unwavering work ethic and pure willpower. They are doing well and building on their success.
Governments of various nations also introduced numerous schemes for entrepreneur development of female. Despite a general trend towards equal rights, much work remains to be done before gender equality is fully realized.
Problems or challenges faced by women entrepreneurs
According to estimates, there are 3,904,727,342 females in the globe, which equates to 3,905 million or 3.905 billion people and accounts for 49.58 percent of the total population. In addition to that, women are crucial to the socioeconomic advancement of every society.
Many countries still do not guarantee equal pay for equal work, and women are subject to some type of job restriction. Major problems faced by women entrepreneurs are as follows:-
Lack of Education and Knowledge
Short of Self-Confidence
Market Risks
Capital Amount
Socio-Cultural Barriers
Male Dominated Society –
When starting a business, women entrepreneurs are particularly affected by barriers based on gender, such as marital status as Unintentional gender bias.
Social-cultural barriers-
Cultural and gender biases and sexism cause investors to refuse funding women-led businesses
Many female business owners started out with little money and no technical expertise. Some females are deterred from engaging in commercial activities by a male-centered perspective, and work-family conflicts can be a significant motivator for women to launch their own businesses.
Economic and Legal barriers –
Investors not take seriously women in tech-startups and investor always seems to avoid for investing in female started tech business.
Structural factors- Globally, female are more likely to lead smaller businesses compared to men. Likewise, they are 24.6% more likely to start a business alone, which increases the challenges to be overcome for the company to thrive. Today, only 20% of all enterprises in world are owned by women.
As the developing nations are still trying hard to transform it’s economic and social development status through women-owned businesses, a few female dynamos have ascended to fame with their stellar entrepreneurship skills.
Confidence in one’s ability to do business
It is generally said that “Business is not a woman’s world,” and the idea that men are better at handling money-related issues. Female entrepreneurs frequently experience a lack of respect from business partners and a sense of uncertainty as a result of these attitudes, which are reflected in business communications. So it’s not surprising that female frequently lack the same level of confidence in their own business abilities. In fact, contrary to what has been observed for men, extremely successful women frequently battle with self-doubt and undervalue their talents and performance.
Obtaining financing
Additionally, around 79 percent of femake-owned businesses are self-financed, yet families frequently hesitate to provide financial assistance for their daughters’ business endeavors.
Women also need to push past their comfort zones.
Solutions to issues faced by female entrepreneurs are to “empower female entrepreneurs.”
What is the importance women entrepreneurship?
Female entrepreneurship has been recognized as an important source of the economic process. They produce new employment themselves and others. It is a fact that when female are empowered as business owners, society as a whole benefits since women business owners are good for society’s social as well as economic development. The wheels of a cultural revolution might be being turned by female business owners. They play a crucial part in business, which has helped India’s industrialization, employment creation, and economic progress.
Though the number is small and only seven out of 100 entrepreneurs in developing nations are female, several government initiatives and female-oriented business policies aim to boost the entrepreneurial spirit among female. The common program oriented worldwide that’s are
- Better educational facilities and schemes for female from government part
- Effective training programme on management skills for female community
- Encourage female’s participation in decision-making.
- Vocational training for production process and production management
- Skill development polytechnics and industrial training institutes
- Training on professional competence and leadership skill
- Create a sustainable ecosystem for women
- Support and encourage aspiring entrepreneurs
The main benefit of promoting entrepreneurship is the eradication of gender inequality and the creation of equal opportunities for men and women, given that leadership abilities and competencies are independent of this factor. The development of female entrepreneurship is not only important for society and the market as a whole but also extremely beneficial because by reducing gender gaps, there is a more egalitarian and plural society in terms of ideas, businesses, and opportunities.
Female Entrepreneur should learn about your area of specialty. Startup skills programs committed to strengthening female entrepreneurship through initiatives, schemes, and the creation of enabling networks and communities, and the activation of partnerships among various stakeholders for the startup ecosystem. Startup skills programs goal should be to promote the sustainable development of women entrepreneurs for balanced growth in the nation.
Role of Women in Entrepreneurship
Female entrepreneurs and their increasing presence now reshape under developing countries. Now days Female Entrepreneurs works in various fields like image consulting, e-commerce, and science to technology, entertainment, and fashion. Female entrepreneurs in developing nations have been smashing glass ceilings and inspiring the rest of us each. Each country has experienced significant business and economic growth as a result of the rise in the number of female entrepreneurs. Economic independence has long been keys to an evolving society, and the innovation in entrepreneurship that female will surely bring it. These self-empowered Female offer different solutions to management and business problems in various situations
Women have become equal participants in various respects at all levels of society. There are women that have shown into the industrial sector and earned both name and fame in and outside the country. The development of women in the business world is a long process; it starts from the early centuries and reaches in modern world after going through a lot of changes and transformations.
Female Entrepreneurs are Overcoming Roadblocks now, innovation, entrepreneurship, science, and technology activities are today increasingly being dominated by women. Despite of all barriers or Challenges of Entrepreneurship are doing very well and have swept the globe!
Women’s Entrepreneurship Day is celebrated on November 19. The date was chosen in 2014 by the UN (United Nations) in an initiative led by UN Women for the expansion of the entrepreneurial ecosystem, generating new job opportunities and stimulating consumption.
Conclusion
At last, women are known for being strong leaders, so they will continue to rule in cutting-edge endeavors. With a vision to promote the sustainable development of women entrepreneurs for balanced growth in the country, Startup skills programs should be committed towards strengthening women entrepreneurship through initiatives, schemes, creation of new society. Women entrepreneurship is in high domain, but there’s still a long way to go. Yes, you read that right.
Building a business is hard. However, every women entrepreneur must start somewhere. However, there should be no bias in business either. It doesn’t matter when you start or where you start your journey. Don’t stop yourself from becoming an empowered person; instead, get ready for the challenges that lie ahead. Together with society women entrepreneurs, let’s build a sustainable ecosystem for women by a woman in business. Female financial independence is necessary and women entrepreneurs try to hire other women employment. Society also should Valuing female talents and soft skills. Women entrepreneurs should get organized; constantly improve, look for investors, Bet on networking, don’t expect everyone’s approval, Use technology as a boosting factor for your results.
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