• WomELLE
  • Contact Us
  • Writers
  • Write For Us
  • Submit Article
No Result
View All Result

No products in the cart.

  • Login
WomLEAD Magazine - For Aspiring Women Entrepreneurs, Founders, and Leaders
Podcast
SUBSCRIBE
  • Home
  • Magazine
  • Business
  • HER Story
  • Founders & CEOs
  • Leadership
  • Mentoring
  • Women
  • Wellness
  • Home
  • Magazine
  • Business
  • HER Story
  • Founders & CEOs
  • Leadership
  • Mentoring
  • Women
  • Wellness
No Result
View All Result
WomLEAD Magazine - For Aspiring Women Entrepreneurs, Founders, and Leaders
No Result
View All Result
Home Women Today
We Need More Women Entrepreneurs and Here Is Why

We Need More Women Entrepreneurs and Here Is Why?

The Editorial Team by The Editorial Team
July 1, 2022
in Women Today
Reading Time: 3 mins read

The number of women-led businesses has seen tremendous visibility and growth in the US in recent years. Such firms made up only 19.9% of all organizations that employed people in the country in 2018 but their numbers are clearly growing. Despite an upward trend, women’s entrepreneurship is still plagued with several issues and things are far from perfect. Despite having the required aptitude, determination, and creativity to efficiently run a company, women still face a lot of personal and professional obstacles that hinder them in the path of progress. However, the significance of women’s entrepreneurship for economic development has been emphasized time and again. So, it is imperative to have more women entrepreneurs and blur the line of gender disparity when it comes to owning businesses as well as they have long been underrepresented in the corporate world. 

A galore of problems still hold back women from being their leaders. People have a general perception that women are supposed to be homemakers, and hence they are expected to pay more attention to their families than run a business. Male individuals think it a major risk financing the endeavors run by ladies. Also, women are afraid of being embarrassed if they fail and this discourages them from taking on competitive and hazardous responsibilities like their male counterparts. Women prefer to stay inside their comfort zones and avoid engaging in strenuous activities or seeking major possibilities. The lack of knowledge needed to run a business also acts as a major impediment for women. Due to societal gender biases, women have lesser access to policies about business development and its environment, accounting, money matters, and even company day-to-day activities.   

Having said that, over the past two years, the number of women-owned businesses in the US has seen a major shift toward the positive and now stands at roughly 13 million. Women-owned employer firms reported almost $1.8 trillion in sales, shipments, receipts, or revenue and employed over 10.1 million workers with an annual payroll of $388.1 billion in 2018.  It is also interesting to note that most women-owned businesses are run by White women (82.8% of all women-owned firms), non-minority (74.6%), non-Hispanic (92.4%), and non-veteran (98.9%).  

Women entrepreneurs can take the lead and support other women living in poverty. This will help in reducing poverty and removing barriers that have long been restricting female independence. Women entrepreneurs bring a diverse perspective to the table to support a robust global economy’s overall development. Also, representation and equality would gain momentum with female entrepreneurs leading from the front. Studies show that men are 30% more expected to be thought of for jobs than women despite having the same qualifications and eligibility. Women make up nearly 47% of the labor force, but only 7.4% of Fortune 500 companies have female CEOs.  

ADVERTISEMENT

But, let us look at some more statistics. Businesses established by women earn two times the amount per dollar invested than those instituted by men and produce 10% more revenue over a 5-year period. It is no rocket science that women are thought to be better at forming safe workplaces, respecting those from different backgrounds, bearing in mind the societal impact of business decisions, mentoring, and offering fair pay and good advantages. Women entrepreneurs have the potential to create significant social change by bringing in financial empowerment and independence which is the need of the hour. 

 

 

Tags: Reasons the World Needs More Women EntrepreneursRole of female entrepreneurs in economic developmentRole of women entrepreneurshipWe Need More Women Entrepreneurs and Here Is Whywhy government support entrepreneursWhy government support women entrepreneurswhy we need more female entrepreneurswomen entrepreneurswomen's entrepreneurship issues and policies
Share36Tweet22Share6
The Editorial Team

The Editorial Team

Hi there, we are the editorial team for WomELLE to help you succeed in business. WomELLE is a community working to support women by helping them achieve their business goals through specialty services, leadership, mentoring, and networking. The magazine "WomLEAD" is to help you succeed as an entrepreneur, business owner and leader.

Related Posts

Anne Heche: Life and Legacy
Women Today

Anne Heche: Life and Legacy

August 12, 2022
Mack & Rita How the Film Explores the Dichotomy of Aging in Women
Women Today

Mack & Rita: How the Film Explores the Dichotomy of Aging in Women

August 11, 2022
Serena Williams: The Chase, the Fog, and the Passion
Women Today

Serena Williams: The Chase, the Fog, and the Passion

August 10, 2022
Next Post
Representation Of Women In Media It Matters!

Representation Of Women In Media: It Matters!

American Women Are Taking E-Commerce By Storm

American Women Are Taking E-Commerce By Storm

Jennifer Tardy: Mitigating Hiring Bias at Workplace

Jennifer Tardy: Mitigating Hiring Bias at Workplace

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

WomLEAD Magazine – For Aspiring Women Entrepreneurs, Founders, and Leaders

A print and digital magazine for businesswomen focusing on leadership, business, and entrepreneurship that made its debut in 2017 has WomELLE Magazine.

Follow us on social media:

Recent News

  • Anne Heche: Life and Legacy
  • Five Reasons Why Entrepreneurs Should Develop an Agile Mindset
  • Mack & Rita: How the Film Explores the Dichotomy of Aging in Women

Category

  • Business
  • Female Founders
  • Founders & CEOs
  • HER Story
  • Leadership
  • Mentoring For Women
  • Wellness
  • Women Today

Recent News

Anne Heche: Life and Legacy

Anne Heche: Life and Legacy

August 12, 2022
Five Reasons Why Entrepreneurs Should Develop an Agile Mindset

Five Reasons Why Entrepreneurs Should Develop an Agile Mindset

August 12, 2022
  • About
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2022 WomLEAD Magazine from WomELLE, Corp.

No Result
View All Result
  • Home
  • Magazine
  • Podcast
  • Business
  • Founders & CEOs
  • HER Story
  • Leadership
  • Mentoring
  • Wellness
  • Women Today

© 2022 WomLEAD Magazine from WomELLE, Corp.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Join 3500+ businesswomen who are obsessed with success.
Get latest business updates & tips.
We also hate spam & junk emails. We will never spam you.
Subscribe
Don't Show me