Entrepreneurship for Women

Women Can never be Neglected or left out in any thing, Some people actually things Women are Not good in such activities like these rather they only categorize them to be good only as a house wife, If thats your reasoning you are absolutely wrong.
Entrepreneurship is considered an important driver of economic development and growth in many economies. Apart from the general diversity in entrepreneurial practices, there appears to be significant differences in the characteristics of male and female entrepreneurs. Historically, entrepreneurship has been a male – dominated pursuit.
Although women make up more than 50 percent of the world population, they own and manage significantly fewer businesses than men. The UK Global Entrepreneurship Report found that men are around two and half times more likely to be entrepreneurs than women.
The information on female entrepreneurship has increased markedly in recent years. Research has focused on women business owners’ characteristics and development, women’s motivations for starting and leading a business, women’s leadership styles and management strategies; and barriers encountered by women business owners.
“Economists and policy makers (in Africa) cannot afford to ignore gender issues if they truly wish to follow a shared growth agenda””-John Page, Chief Economist for the Africa Region, World Bank

All over the world, women entrepreneurship has become an important component of academic and policy conversation. This field presents several distinctive characteristics that differentiate it from men entrepreneurship. From a scientific point of view, the study of female entrepreneurship informs us not only about women behavior, but also about entrepreneurial and human behaviour in general.
Varieties also exist across women entrepreneurs in different countries and between women who are involved in entrepreneurship and those who are not. Studying female entrepreneurs sheds light on the linkages between entrepreneurship and wealth creation, employment choice and family dynamics, business creation and peace and many others.
Women’s entrepreneurship needs to be studied separately for many reasons; the first being that women’s entrepreneurship has been recognized during the last decade as an important untapped source of economic growth. Women entrepreneurs create new jobs for themselves and others; and by being different, they provide society with different solutions to management, organization and business problems as well as to the exploitation of entrepreneurial opportunities.
Another reason is that the topic of women in entrepreneurship has been largely neglected both in society in general and in the social sciences. Not only have women lower participation rate in entrepreneurship than men but they also generally choose to start and manage firms in different industries than men tend to do.
Women’s productive activities, particularly in industry, empower them economically and enable them to contribute to overall development. Women’s entrepreneurial activities are not only a means for economic survival but also have positive social consequences for the women themselves and their social environment.
Small and medium-sized enterprises (SMEs) in particular, appear to be more popular with women entrepreneurs, as they allow flexibility and innovation. However in most developing countries, this potential has not optimally been realized. Because large numbers of women work in the informal sector, the value they add is not reflected in the national account.
All these facts indicate some clear differences in factors which affect the attitudes and motivation of women and therefore clear implication for the type of support and funding which women require to get started.
Studies in the USA have shown that successful women entrepreneurs start their businesses as a second or third profession. Because of their previous careers, women entrepreneurs enter the business world later on in life, around 40-60 years. Many of them have higher education degrees Many had experienced considerable dissatisfaction with their previous careers and in working for others. In many cases, this innate desire to be their own boss is the driving force to pursue entrepreneurship.
On the contrary however, data from the African continent indicate that women entrepreneurs tend to be younger than men by two or three years. This may suggest that access to entrepreneurship may be slightly easier for younger cohorts of women. In all the African countries studied, a much lower proportion of the women were married. This could imply that women may not find it easy to combine both family and enterprise responsibilities.
Enterprises in textiles sector are more likely to be owned by women than enterprises in other sectors and family enterprises are two to seven times more likely to be owned by women.
Results from a US survey indicate that Increasing number of women have discovered that the best way to break the “glass ceiling” that prevents them from rising to the top of many organizations is to start their own companies. In fact, women in the US are opening businesses at rates twice that of the national average.
Women generally do not make profit the basis for their business pursuit; rather they possess very strong business ideas and seek all avenues to share their business ideas with others who may benefit from their innovations.
Another motivating factor for women entrepreneurs is the desire for control. Many successful female business owners are propelled by the opportunity to be their own boss and run their own company. Women entrepreneurs are also motivated by philanthropic commitment to society.
Furthermore, successful women entrepreneurs have the tendency to balance family life and career.
Thus they have amazing ability to multi-task; properly balancing both personal and professional life with their goal-oriented approach.

1 comment:

  1. I believe these post will surely motivate women's with business ideas especially our graduated Young girls