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Women entrepreneurs is the future of business
Women entrepreneurs is the future of business
Women entrepreneurship has become a mainstream topic as women in leadership positions are succeeding across business, finance, and politics. In the US alone, Women started 49% of total new businesses in 2021, up from 28% in 2019, according to the Davos Economic Forum. The Covid 19 crises seems to have helped women make bolder decisions and launch their business through digital and technology means. The Covid crises has also helped showcase women leadership in politics.
According to the World Bank, there are between 8 million and 10 million Small and Medium Enterprises (SME) across the developing world that have at least one female founder and leader. According to the same source, Togo in West Africa has the highest number of women executives, at 70.1%, while in Belarus in Eastern Europe, 70% of women are in professional roles. While accessing reliable data is challenging, the trend is clearly showing women leaders are effective in executive roles across the board.
What are the barriers and the trend?
While all this sounds promising, the barrier to entry for women leaders are still significant particularly in business. As of 2020, over 60 per cent of female entrepreneurs, funded their ventures on their own as capital raise for them appeared more…
