Female Entrepreneurship

Question: "Why the world needs women entrepreneurs"- Investing in businesswomen will boost the economy for everyone, says Tory Burch, chief executive and designer, Tory Burch. Analyse this statement. Answer: Women entrepreneurs contribute to the self development, family, community and to the society, as a whole. It is very important to look for ways by which women entrepreneurship can be promoted further so that the number of men entrepreneurs and women entrepreneurs can be equal to that each. There are plenty of countries wherein women arent allowed to work or be an entrepreneur or compete with men in the open world. There are few countries in the world that motivate and help their women to be an entrepreneur and on the other end, there are many countries which dont allow their women to see the world of entrepreneurship. Men entrepreneurs can understand the expectations of men in the society and hence, the needs of the women are felt unnoticed. When women get into entrepreneurship, they will understand the requirements of the women and hence, a product which has been never developed before comes into picture. It is the responsibility of the men in the family to motivate their mother, sister, wife or daughter to set up a business so that they can do something for the economy of the country. This motivation is lacking in the lives of the many. Women have a different perception towards different things and hence, they will come up with a different solution to the same problem. It is not comparison between men and women but it is just that they come up with different and new unique ideas which wouldnt have been thought otherwise. Women have household responsibilities as well and hence, maintain a balance between work and household activities is a task for the women. Due to this, the women in the society avoid taking up other responsibilities than that of the regular household work (Noguera 2013). Access to capital for women is comparatively less than that of capital accessibility for men. There are plenty of small financial institutions which will help women to set up a business but the potential entrepreneurs arent aware of the availability of the funds. The financial institutions should look for ways by which their funds can be increased so that they can help more women entrepreneurs and at the same time, the availability of funds should be advertised so that it can reach the right people. The number of advisers who can help women entrepreneurs are very less. There can be motivational speech so that the women can understand the different aspects of business. These meetings can be held regularly so that the women entrepreneurs can get their queries sorted and at the same time, they can be motivated to grow. Lastly, women need to be educated so that they can be good entrepreneurs. They will get an idea on what are the various things that can be undertaken so that they are aware of the facilities that are available and the facilities that they will have to struggle for. The gender gap should also be reduced so that the women entrepreneurs in the society are given an opportunity to explore and help the society (Brush 2012). References Brush, C, 2012, Introduction:femaleentrepreneurshipand economic development: an international perspective, Entrepreneurship and regional development, vol. 24, no. 2, pp. 1-6 Noguera, M, 2013, Socio-cultural factors andfemaleentrepreneurship, International entrepreneurship and management journal, Vol. 22, no. 3, pp. 294-312