In celebration of Women’s Month this March, we take a look at the present state of female entrepreneurship and how it contributes to the big picture of the entrepreneurial journey. Women taking the path of entrepreneurship are on the rise, yet we still need to do more to support and encourage them in this endeavour.
EO is taking extra steps to welcome more women business owners into their fold so as to extend the needed backing and provide the values that can strengthen them and their enterprise. There are governments that are also providing the necessary infrastructures to encourage more women to start and grow their own businesses. We still need to up our ante to level the playing field for all genders globally.
The challenges that female business owners face
Even in our modern times, women are still up against huge challenges in our society. The need for funding and lack of confidence in them by investors as well as unfavourable stereotypes and prejudices on women are just a few of those stumbling blocks female entrepreneurs have to face. It is even trickier for female business owners to navigate in industries that are dominated by men. In addition, they also play vital roles in family life and home management, which they have to juggle on top of running a business.
Successful female entrepreneurs
There are women who withstood the rigours of life, braved through storms and emerged triumphant in their journey. Arianna Huffington, Tory Burch, Cath Kidston, and Pamela Slim are among the many female business owners that have shown us that nothing is impossible if you only put your heart and mind into your goals. Their stories show that despite the hardships women face in society, one can still reach the top and carve a name for oneself.
How women can succeed in business
The question, however, is how to do it? First of all, go and test the waters. There’s no better way to find out what you’re up to unless you take the first step. Come up with a formidable plan, organize a good team and get the ball going. While you’re at it, widen your network and surround yourself with likeminded individuals. Join groups like EO or attend workshops and business conferences or get a mentor who can guide you through the journey. Put your venture out there, aim for continued growth in your profession and business, and watch out for opportunities that can help you on your journey.
The need for more women entrepreneurs
As we move forward towards economic development in various parts of the world across different industries, we need to narrow the gender gap among male and female entrepreneurs. Providing opportunities for women will empower them to run their own ventures, tapping into their strengths and capabilities that can help spur and increase financial growth and shape societies and communities.
More and more women are taking the entrepreneurial journey. It’s a good start, but we need to widen the road because the current numbers are not yet enough. We long to see a future where one day we’ll see equal figures for men and women when it comes to business ownership, especially among developing countries. We hope that future generations will have access to the same opportunities regardless of gender, belief and background.