Times have changed. Women Entrepreneurs who were considered to be content with the role of supporting their male counterparts are finally coming out of the shadows of obscurity. They are taking up essential leadership roles in world-class multinational companies. They are also stepping out of their comfort zones and breezing into an unknown territory of setting up their own businesses. The world has seen innumerable women running their own companies and flourishing in the last few years.
Countless fields which were presumed to be male-dominated are buzzing with the presence of women. Be it sports, politics, science, medicine or entrepreneurship, women are everywhere.
Women entrepreneurship is relatively a new concept, yet it has grown leaps and bounds in the last few years.
As per the report published by Global Entrepreneurship Monitor (GEM), Women entrepreneurs represent about one in three growth-oriented entrepreneurs active in the world today. In its 2020-21 Women’s Entrepreneurship Report-GEM found that globally, 30.2% of women entrepreneurs surveyed expected to hire six or more employees in the next five years compared to just 18.7% in the 2019 report.
Women’s established business ownership rate (defined as owning and managing a running business that has paid salaries, wages, or any other payments to the owners for more than 42 months) is 5.6%, representing one in three established business owners globally.
So What is that has helped to do exceedingly well and inspired women to get into entrepreneurship?
Education has helped women give wider choices and helped women decide what they want to do and the confidence to go after their goals. A lot more can be done for women’s education, but there has definitely been a surge in the numbers of women pursuing professional degrees. This has undoubtedly opened up new avenues for women and helped them choose their careers. Here you can get enough for your blogging needs below.
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With the popularity of social media, women have become more aware of the accomplishments of other women. Whether it’s Arianna Huffington, founder of The Huffington Post, Indira Nooyi, CEO-PepsiCo, or Sheryl Sandberg, COO of Facebook, innumerable Women Entrepreneurs have been able to break the glass ceiling successfully. They have become a beacon of hope and a source of inspiration for women all across the world.
Women are not only adding up to the household income. They are also driving economic growth globally by being women in business. A global analysis by McKinsey reveals that employment of women in roles identical to that of men could add up to 28 trillion dollars to the global economy by 2025. Though it may seem formidable at the moment, it is definitely attainable. And this can be accomplished if women also support other women. No one can uplift a woman than the other woman.
“Hear me as a woman
Have me as your sister
On purpled battlefield breaking day,
So I might say our victory is just beginning,
See me as change,
Say I am movement,
That I am the year
And I am the era
Of the women.”