Why We Need More Female Entrepreneurs
In almost any conversation which revolves around the topic of improving the global economy, it’s likely that the discussion will come around to the unique challenges that are faced by women who want to pursue a career as an entrepreneur. Women in the business industry have historically faced more issues, with many perhaps having to face more discrimination, have less access to startup capital, and others having to deal with more work-life balance problems than their male counterparts. But, despite all this, there are many benefits to having women in leadership positions in business. We’ve taken a look at some of the main reasons why the business world needs more women.
Employ More Workers
When businesses are successful, they will take on more employees, which in turn helps to increase wealth for all people. Even though many women in business start their careers as solo entrepreneurs, as their businesses begin to grow and develop they will likely need to take on more employees, something which creates jobs and contributes to keeping the rate of unemployment down. In 2014, around two million new jobs in the U.S. were created by small businesses alone. This makes it quite clear to see that the more women get involved in going for their business career goals, the better the situation is for everybody involved. If you’re considering starting your own business, taking an MBA degree online from the University of Maryland could be a great start.
Proven Success Rate
Those who think that perhaps women aren’t ‘cut out’ for entrepreneurship are definitely wrong, as a number of studies have repeatedly shown that startups which are headed by a female are more likely to survive those first few months or even years which can be terribly risky for a new business. Research has shown that female entrepreneurs are more likely than men to self-identify as risk takers, but will still be cautious when taking risks. Along with that, U.S. businesses headed by women also show better returns on investments and pay-out ratios. With all this evidence, it’s definitely the right time for more women to be considering taking a course such as a masters in business administration program.
Increase Global Income
An increase in female entrepreneurs could actually help to contribute to an increase in global income. Entrepreneurship is often one of the best ways to improve situations of global poverty. Worldwide, there are currently only around seven countries where the ratio of men to women in entrepreneurship is close, even though in many other areas of the world, more women would be setting up their own businesses if they had the means to be able to do so. By encouraging more women to try entrepreneurship and start their own businesses in order to make an income, we are able to not only help to close the gender gap in the business industry, but also have an effect on raising the average global income.
There are many reasons why more women should be achieving their business goals!