Skip to main content

Women May Make Better Entrepreneurs And Here's Why - Forbes


Women entrepreneurs are articulate, tenacious and ambitious.  To my understanding, a third of all new companies created today are run by women.  Entrepreneurship supports economic growth and so what is good for women is good for the economy.

Female entrepreneurs are an under tapped force and if fully realized, can significantly boost economic expansion. April 2016 marked an exciting announcement of World Bank’s $2.5 billion investment in education projects for adolescent girls. The First Lady, Michelle Obama’s powerful on-site speech is a genuine endorsement of the bright future in harnessing the talents and economic potentials of mankind and women in particular.

Research confirms women make better entrepreneurs

Women are proving themselves to be more than capable. They are confident, believe in themselves and have drive and urgency to take on the best in the business. Last year, I had the privilege of meeting Sheryl Sanders during one of my trips to the Valley and it is no surprise that women entrepreneurs are a fast growing sector.

There is consistent research confirming the finding that women make better entrepreneurs to some degree. According to 2016 BNP Paribas Global Entrepreneur Report, women are found to be slightly more successful than their male counterparts, and have high expectations in general. The annual revenue generated by those companies run by women are, on the average, about 13% more than the average of those in operation by males.

Additionally, women are shown to have a more positive attitude towards the future of their businesses, with 89% expecting stable profit growth in the next 12 months. At an aggregate level, close to US$5.96 billion has been earned by female entrepreneurs surveyed in this research.

Undeniably, there is the general challenge for women in trying to find a balance between work and family and in the end, sustainability of businesses can be compromised. However, in some parts of the world like Singapore and Hong Kong, there is an equal ratio of women and men starting new businesses. Women entrepreneurs have made a significant mark this decade and are now fully recognized as crucial to achieving sustainable development. Opportunities for women are imperative because it makes economic sense. The gender gap that once defined the workforce is narrowing and a new history begins to unfold as empowered women begin to take part in leading the business world. Three cheers to women of the world.

Comments

Popular posts from this blog

Season Greetings From The Mandate Health Empowerment Initiative (MHEI)

Merry Christmas and a blissful mentally healthy new year great minds! Please if you are interested in humanitarian, community service Join The Mandate Health Empowerment Initiative Volunteer Team! As we engage Africa in Mental Health Literacy, Psychosocial Support Campaign and Prevent Drugs and Substance Dependency across all sectors! There are more people living with mental illness than people living with HIV AIDS!  Be Involved www.mhfnigeria.org  www.facebook.com/mhf2015 @infomhei just drop a line message of interest. God bless you

NEWSPAPER REVIEW FOR TUESDAY 16TH MAY, 2017.

DAILY TRUST *Budget faces fresh hurdle at N/Assembly *FAAN reactivates Ebola screening points at airports *‘93 Days’ gets highest nominations in 2017 AMAA list *Nollywood movies top 2017 AMAA nomination list *No money is stolen from Paris-London Club refunds – NGF *Osun Assembly clears Aregbesola’s commissioner-designates *Osinbajo meets Transport minister, service chiefs over maritime security *Scrabble: Nigeria will retain position as World’s No. 1 *Armed herdsmen kill 20 farmers in Niger mosque – Police *Equities lose N235bn to profit-taking *Lafarge to raise N140billion additional capital, merges with UNICEM *Osinbajo reviews 2017 budget *Prosecutors ponder CCT’s temporary forfeiture provision *Legality of deploying soldiers for civil duties *Social media as an educational and enlightenment platform *Principles behind ‘no case submission’– Court *UN appoints Ladan member of comtt. on environmental crimes *Yari: I’ve no hotel in Lagos *I prefer Wada to Bello —...

More firepower against ISIS

Not weeks. Not months. Years. That's how long nations entering the fight against ISIS may need to be prepared to spend on the battle, British and U.S. officials say. British Prime Minister David Cameron told Parliament Friday of the likely length of the mission ahead of what turned out to be an overwhelming vote to send UK air power into the fight.