In today’s rundown:
- 👩Why is female entrepreneurship important for economic growth? A: Female entrepreneurship is important for economic growth because it creates jobs, generates income, and contributes to innovation and progress. According to a study by McKinsey, if women participated in the economy at the same level as men, it could add $28 trillion to the global GDP by 2025.
- 👔What are the challenges faced by female entrepreneurs? A: Female entrepreneurs face several challenges, including access to finance, lack of mentorship, and social norms. These challenges can make it difficult for women to start and grow their businesses.
- 💪How can we support female entrepreneurship? A: We can support female entrepreneurship by providing access to finance, mentorship and networking opportunities, promoting diversity and inclusion, providing training and education, and raising awareness about the importance of female entrepreneurship.
Entrepreneurship has always been an important factor in the growth of the economy. It is the backbone of the economy that leads to job creation, innovation, and economic progress. However, for many years, entrepreneurship has been seen as a male-dominated field. Female entrepreneurs have had to face several challenges, such as access to finance, lack of mentorship, and social norms. But times are changing, and more and more women are breaking barriers and starting their own businesses.
“The only thing I have learned is to find strength in yourself. No one can help you, no one can do anything for you, you have to do the work yourself.” – Marina Abramovic, performance artist
The rise of female entrepreneurship has brought about a significant change in the economic landscape. Female-led businesses are not only creating jobs but are also promoting diversity, innovation, and social progress. In this article, we will explore why female start-up entrepreneurship is an important factor for the present and future evolvement of the economy and society.
Why female start-up entrepreneurship is an important factor for the present and future evolution of the economy and society
Women-led start-ups drive economic growth
Women-led start-ups are driving economic growth in several ways. According to a study by McKinsey, if women participated in the economy at the same level as men, it could add $28 trillion to the global GDP by 2025. Female-led start-ups create jobs, generate income, and contribute to economic growth. They also bring fresh perspectives and new ideas to the table, which leads to innovation and progress.
Female entrepreneurs promote diversity and inclusion
Diversity and inclusion are crucial for the evolution of society. Female entrepreneurs are promoting diversity and inclusion by creating a level playing field for all. Women-led businesses provide opportunities for other women, minorities, and people from underrepresented communities. This leads to the creation of a more diverse and inclusive workforce, which in turn leads to a more creative and innovative business environment.
🇸🇮 NIKA PENGAL – promoting Apitherapy as alternative medicine
Apitherapy is a complementary medical practice that can be used alongside traditional medicine to enhance its effectiveness. As Nika Pengal the owner of the apitherapy brand Gospodična Medična from the small town of Domžale explains, apitherapy is a complementary medical practice that utilizes bee products such as honey, propolis, royal jelly, pollen, and venom to promote human health.
Click here to read more on the Beekeeping industry.
Women-led start-ups improve social progress
Female-led start-ups are not just about economic progress but also social progress. Women entrepreneurs are more likely to start businesses that solve social problems. For example, female entrepreneurs are leading the charge in the development of sustainable and environmentally friendly businesses. They are also creating businesses that cater to the needs of underserved communities.
🇧🇬BLAZHKA DIMITROVA – Championing a zero-waste lifestyle
Blazhka Dimitrova, also known as the owner of the first zero-waste restaurant in Bulgaria, Blagichka, is a former high school teacher who has established herself as a leading expert in zero-waste management in Bulgaria and is herself a successful entrepreneur.
Click here to read the full interview with Blazhka
Women-led start-ups promote gender equality
Gender equality is a critical issue that needs to be addressed. Women-led start-ups are promoting gender equality by creating a level playing field for women in the business world. They are breaking down barriers and shattering glass ceilings. Women entrepreneurs are inspiring other women and girls to pursue their dreams and enter the world of business.
🇷🇼DIANE MUSHIMIYIMANA – championing women’s entrepreneurship in Africa
Female entrepreneurship particularly, where we are seeing a growing number of initiatives aimed at promoting entrepreneurship and empowering women in the process. reflects a generally growing interest in female entrepreneurship in developing countries. Diane Mushimiyimana from Rwanda, a CollatEd Lab Regional Representative is also known as the Global Youth Mentor of the Five Continents Women’s Network and a Managing director of Urugoli Media.
Click here to read the full interview with Diane.
Women-led start-ups create role models
Role models are essential for inspiring the next generation of entrepreneurs. Female entrepreneurs are creating role models for other women and girls to follow. They are showing that it is possible to succeed in the business world, regardless of gender. Female entrepreneurs are paving the way for future generations of women to succeed in the world of business.
🇸🇮 ANJA ŽAKELJ – promoting complementary and alternative medicine (CAM) for dogs.
Anja Žakelj turned a personal challenge into an opportunity by identifying a gap in the market and using her own experience to create a business that helps both dogs and their owners. Her ability to think creatively and take action to pursue her passion for establishing WiggleBeat is a great example of female entrepreneurship.
Click here to learn more.
“The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it.” – Debbi Fields, CEO of Ms. Fields Cookies
How to support female start-up entrepreneurship
Supporting female start-up entrepreneurship is crucial for the present and future evolvement of the economy and society. Here are some ways to support female entrepreneurs:
- Provide access to finance: Women-led start-ups often face challenges in accessing finance. Providing access to finance can help women entrepreneurs grow their businesses and contribute to economic growth.
- Mentorship and networking: Mentorship and networking are crucial for the success of any business. Providing mentorship and networking opportunities can help women entrepreneurs build their businesses and learn from the experiences of others.
- Promoting diversity and inclusion: Promoting diversity and inclusion in the business world is crucial. Creating a level playing field for all entrepreneurs, regardless of gender, can lead to a more creative and innovative business environment.
- Providing training and education: Providing training and education opportunities can help women entrepreneurs develop the skills they need to succeed in the business world. This can include business management training, financial literacy training, and marketing training.
- Raising awareness: Raising awareness about the importance of female entrepreneurship can help break down social norms and stereotypes. This can lead to more opportunities for women entrepreneurs and a more diverse and inclusive business environment.
Last year’s Walk-The-Plank Pitch Competition at PIRATE Summit was a success. Very international line-up, startups that solved real problems, 4 out of 5 finalists were female.
Female start-up entrepreneurship is an important factor for the present and future evolvement of the economy and society. Female-led start-ups drive economic growth, promote diversity and inclusion, improve social progress, promote gender equality, and create role models for future generations of women entrepreneurs. Supporting female entrepreneurship is crucial for the economic and social progress of society. By providing access to finance, mentorship and networking opportunities, promoting diversity and inclusion, providing training and education, and raising awareness, we can create a more inclusive and innovative business environment.