Female Entrepreneurs
By Staff Writer, écoute moi
The number of women-owned businesses in the U.S. has increased in recent years, which could be encouraging news for other women who are still building up the resources to start new ventures. According to data from the Census Bureau’s 2016 Annual Survey of Entrepreneurs, there were more than 1.1 million women-owned businesses in the 50 largest metro areas in 2016, up 2.8% from the year prior.
However, as a percentage of total businesses, the representation of female-owned businesses remains low. In 2016, women owned only 20% of all employer businesses nationwide.
The findings show that while the U.S. has the right conditions for female-owned businesses to thrive, women in America lack motivation to start and run a business as compared to the countries with high index scores. New Zealand, rank as the global powerhouse for female founders in MasterCard’s Index of Women Entrepreneurs 2019.
Female Entrepreneurs
According to the study done by the International Labor Organization, UNESCO and the Global Entrepreneurship Monitor that there are three major factors that help women’s entrepreneurship they are:
a) Opportunities for women to get employed and accelerate their careers
b) Can obtain the Knowledge of assets and financial services so that they can have secure funding for the future.
c) Supporting entrepreneurial factors, women as entrepreneurs with economic stability and strength will be able to find their niche in the male dominated society or work place.
In the U.S. women’s entrepreneurial activity rate out of 100 is 70.3 New Zealand scored 70.2, because of their corporate governance enabling them to achieve their goals by setting up certain rules and regulations and providing them with financial backing and resources. Canada stood in third place scoring 69 and which was again because of the same reason good financial support and stable cultural perceptions.
The top 10 best places for women entrepreneurs were Israel (68.4), Ireland (67.7), Taiwan (66.2), Switzerland (65.8), Singapore (65.6), the U.K. (65.6), Poland (65.1) and the Philippines (65.1).
No matter how developed or developing the country may be. Women’s entrepreneurship still struggles to reach its highest level as gender inequality still persists. There was the biggest drop in women’s entrepreneurial activity last year in countries such as Mexico, Sweden and Saudi Arabia whereas France, Taiwan and Indonesia saw increases in their scores.
According to the report, the largest number of women entrepreneurs are in Uganda where women rank 38.2%. Then it is followed by other African nations such as Ghana (37.9%), Botswana (36%), the US (35.1%), and New Zealand (31.8%).