Female Representation in Entrepreneurship - CHYATEE

Female Representation in Entrepreneurship

The world is changing as women are taking over the world with not only their motherhood, but also by being great leaders in the community. For many years men were seen as businessmen and women were only limited to a housewife. However, the world is changing, we are changing. Creating change is how we make a difference in the world. Different ideas are how we can collaborate and help each other in making this world a better and safer place. We all have a choice of being a teacher, a housewife, or a businesswoman. Therefore, we all should have equal rights in any field we go whether it's accessing funding, getting respect as business owners, etc. 

However, despite women having started taking the role of entrepreneurs, business owners or business leaders, they still face many challenges that make it difficult. The statistics show that females are less likely than males to start  businesses. Barriers such as limited funding, gender biases and limited government support have kept women out of entrepreneurship for decades. These are just one of the few struggles women face in the business world. 

We all deserve to be treated equally whether it comes to women stepping out of the societal role or whether it comes to men role as a breadwinner. Sometimes men struggle with a lot of pressure from family being the breadwinner which is one struggle that should be addressed; the same way women struggle being only limited to the way society sees them.

According to Business News Daily, Women own 1 in every 5 American businesses – that’s 1.1 million businesses. Women’s businesses are among the leading ventures that lack financial support. It is also common for women to be denied loans because of gender and cultural biases—many institutions tend to fund male-owned businesses. According to Bankrate, Women entrepreneurs (66%) report difficulty in securing the funding they need.

Among the challenges that women experience are less-established business networks, and social and traditional constraints that restrict women’s participation in business. In some countries, women may be required to have a male partner who will do deals, negotiate, and be the face of the business. Regardless of these challenges, the business world is gradually accepting women’s abilities and contributions. 

Hence, encouraging female representation in entrepreneurship could contribute toward reducing inequalities as stipulated in the UN SDG 5 (Gender Equality: Achieve gender equality and empower all women and girls). Gender equality is not only a fundamental human right, but a necessary foundation for a peaceful, prosperous and sustainable world.

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