Why should we care about Women Entrepreneurship?
Female entrepreneurs make up approximately 30% of all entrepreneurs globally. It is time for us to unite our forces and unlock the full potential so we can reach at least 50%! 🙂
Female entrepreneurs make significant contributions to economic growth and to poverty reduction around the world. Stats show that they can have a higher company success rate, yet many still tend to be informal, home-based and concentrated in the areas of small-scale entrepreneurship and traditional sectors, which primarily includes retail and service.
It’s time for us to change this
While the number of women operating their own business is increasing globally, women continue to face huge obstacles that stunt the growth of their businesses, such as lack of capital, strict social constraints, and limited time and skills.
This is why the Academy of Entrepreneurs has created this program to support female entrepreneurs and equip them with the entrepreneurial mindset, skills, success stories, network and tools so they can have equal opportunities and create impact.
Click here to find out more about & join our movement
Why do women make great entrepreneurs and why do we need more to become entrepreneurs?
Here are 5 fun facts!
- Women don’t take unnecessary risks.
Rather than chasing any opportunity available to them, women leaders are more likely to choose an appropriate course of action. Yet, they actually take more risks than men – just not unnecessary ones.
- Women want everyone to feel included and engaged.
Women business leaders are usually more supportive and inclusive of people who are making an effort to improve their work and they are less judgmental, willing to accept different points of view to build a common vision shared by all.
- Women are not afraid to ask for assistance.
Women understand that asking for assistance is better than making a mistake that can damage the enterprise. If women are unsure of something, they prefer to consult with experts who might guide them through the process. Women are not afraid to put the needs of their business ahead of their ego, and that can make a tremendous difference.
- Women do more with less.
Because access to finance and investments are so difficult for women, women are not willing to back down, even if they have fewer resources. As female entrepreneurs are used to having less opportunities and money than men, they just come up with different plans and strategies to guarantee they can still reach their goals.
- Women have a long-term view.
Women prefer to invest in sustainable growth that generates revenue and that allows them to keep investing in their business, rather than hurrying the expansion of their enterprises. This focus on long-term planning might explain why women, despite having fewer opportunities and money, manage to keep their businesses afloat.
Need more stats to be convinced?
Did you know that:
- Female-owned firms generate higher revenues.
- Female-owned firms create more jobs than their male-owned peers.
- Women executives significantly improve startup company performance.
- Women have a larger appetite for growth.
In short, women in business bring in more profit, create more jobs and are more effective.
Considering how much women still struggle to make it in entrepreneurship, we invite you to make it your mission to empower women too by:
- Joining our movement
- Sharing our movement with your contacts who can support us.
It is time for us to unite our forces and support school girls & women to foster the entrepreneurial mindset, skills, success stories, network and tools so they can have equal opportunities to create amazing impact.
