A couple of decades ago the thought of a woman entrepreneur would be absurd. Things have changed drastically.
There are plenty of women entrepreneurs across the world today and there are many highly successful women entrepreneurs who are actually taking on the world. Things are not gender biased in the business world anymore and women are acing it in style.
So, what drives women into taking entrepreneurship? The most popular answer according to a recent review is that women take up entrepreneurship because of opportunity. In fact the percentage of women who do so for this reason exceeds the percentage of men! Millions of female entrepreneurs across the world are owners of startups and are running their SMEs pretty smoothly. This means that they are molding the small business world into something better and different, and they are doing it dramatically. Therefore it would be absolutely right to say that women are playing a theatrical role in shaping the future of SMEs.
Let’s understand this better by understanding women and their potential:
Their Small Businesses are Growing
Recent reports have suggested not only that millions of women own SMEs but also that these SMEs are expected to grow significantly in the next five years. The improvement is significant when compared to the last five years. At this rate, in the near future, women will probably be responsible for at least half of the jobs in SMEs!
Innovation
Comparative reports show that women are more innovative than men. Women entrepreneurs apparently come up with more innovative ideas and, thus, come up with more innovative products and services for their respective markets.
Success Rates
Did you know that lenders and lending companies actually feel safer lending money to women entrepreneurs for business? That fact speaks a lot about the success rate of women.
However, not many women are actually confident that they are capable of taking on men while men are highly confident that they are much better than women. This notion is completely wrong. Women have proven themselves with time and they have a long way to go. Men should drop the stereotypic thinking before it is too late.
Entrepreneurial Learning
Women have always been underestimated especially in the business world. That calls for change because stats, reports, and studies show that women aren’t just capable of being better entrepreneurs but are also proving this statement currently.
