Even though some barriers still exist for women entrepreneurs, there are a number of ways available to them today to address all of these.
Women entrepreneurship is able to fuel economic growth today. It is the new businesses that are accounting for all kinds of new job creation. Once the number of women entrepreneurs increases, so does the potential for improving the economic opportunities for job seekers.
We have already seen that the inclusion of women in labor had lead to significant gains in economy and a rise in worker productivity. Even though women are getting into employment in much higher numbers than before, their inclusion as entrepreneurs still remains uneven. This is not fair for all as this reduces their potential contributions to creation of jobs and innovation too.
Women tend to make good entrepreneurs
Women entrepreneurs always make great entrepreneurs. This is because they have a particular set of skills which sets them apart from their male counterparts. In addition, it makes them successful entrepreneurs too.
One of these skills is that women entrepreneurs are able to identify risk much more strongly than men. Next, women have an inherent ambition to become a serial entrepreneur. All this indicates that having women in business leadership is correlated to an increase in payout ratios and innovativeness.
Many women entrepreneurs face the challenge of a lack of available mentors. They play an important role in the development of successful entrepreneurs, whether men or women. So women have a task to look for the effective mentors so that they can reach their full entrepreneurial potential.
There was a time when women’s entrepreneurship was not being accepted as many people did not believe that women had the skills required to succeed as entrepreneurs. But this perception has changed now. Today women entrepreneurs are able to secure funding easily. In addition, they have also proved that they are able to maintain work life balance. The fact remains that women have to face additional pressures because of parenthood. But even then they have managed well and shown no signs of any impact on their entrepreneurial ability.
Today entrepreneurship programming is gathering data like attendance, participation, along with the drop off rates as well as the entrepreneurial outcomes. This way the program coordinators as well as the funders will be able to make adjustments so that they can assist the women entrepreneurs in a better way.