Empowering Female Entrepreneurs

There is no question that female entrepreneurs are a vital economic resource the world over; in both developing and developed nations, their contribution to a stable and growing economy is becoming more and more understood.

For example, The Chartered Institute of Personnel and Development (CIPD), the world’s largest HR body, recently released a report extolling the importance of female entrepreneurs; they found that by equalizing the gender imbalance in the labor force, the UK alone could strengthen their economy by 0.5 per cent a year.

The CIPD also found that women-fronted businesses tend to be more sustainable, as women are often more financially prudent. Still, the number of female entrepreneurs lag behind the number of men starting their own businesses, raising the question of “how do we empower our female entrepreneurs, and how do we improve their experience of running a business in a male-dominated world?

1. Show women the advantages of entrepreneurship.

When you’re your own boss, you can set your own hours, and often even work from home. This is ideal for women with young children, yet it doesn’t occur to many stay-at-home mothers that they can still earn a respectable salary while maintaining a decent work-life balance. Women need to be educated about the opportunities that starting their own businesses can provide, without them having to schedule their family life around someone else’s demands.

2. Improve access to grants.

The CIPD recommends that the government aid women who wish to leave the corporate world and create their own businesses by providing access to a business support portal, and providing financial support to encourage growth. Particularly in developing countries, access to financial support is a crucial part of empowering female entrepreneurs.

3. Emphasize mentorship.

Nothing illustrates opportunity and promotes hope better than talking to another female entrepreneur who has overcome all the common hurdles faced by women in business and gone on to become incredibly successful. Turning to an angel investment firm (such as Golden Seeds in the US) that is run by women, for women, is an excellent way to receive both funding and mentorship from successful professionals.

4. Establish supportive connections.

As in most professions, entrepreneurship is as much about who you know as what you know. Indeed, Jo Ann Corkran, one of the top partners in Golden Seeds, cites connections as one of the best ways to empower female entrepreneurs; according to Jo Ann, “so much about success is the entrepreneur and the people whom the entrepreneur attracts around them. Our members are fantastically generous with their connections.”

5. A little education goes a long way.

Starting a business can seem like a completely overwhelming prospect to the absolute beginner, but thankfully, today there are more and more courses being offered that will train one in the practical aspects of setting up and running a business. This early training is key in avoiding costly mistakes down the road, and setting out with confidence and a sound strategy.

© 2014 The Female Leader .Biz

 

Nicole Dominique’s Le Maire’s latest co-authored book, The Female Leader: Empowerment, Confidence & Passion, will be out on the 28th of April 2014.

 

Order today and learn how you can reach your full potential and gain confidence, achieve empowerment and live with passion every day.

 

 

 

 

Share small business news, blogs and social media tips with Project Eve’s community of small business owners and entrepreneurs today. Our contributors come from a wide range of backgrounds; so whether you are a small business owner, social media strategist, financial adviser, serial entrepreneur, or write an amateur blog we urge you to contribute a blog to our 500,000+ community today. For more information, please refer to our Content Submissions Guidelines.

Add a Blog

90 COMMENTS

  1. I wish to get across my affection for your kind-heartedness for people who absolutely need help with this important topic. Your very own dedication to passing the solution all over appeared to be rather functional and has all the time allowed men and women just like me to attain their desired goals. Your personal invaluable guide can mean a lot to me and additionally to my colleagues. Thanks a ton; from all of us.

  2. I was wondering if you ever thought of changing the layout of your site? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two images. Maybe you could space it out better?

  3. I was suggested this blog by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my problem. You are incredible! Thanks!

  4. We stumbled over here from a different web address and thought I may as well check things out. I like what I see so now i’m following you. Look forward to looking at your web page yet again.

  5. Very nice post. I just stumbled upon your weblog and wished to say that I have truly enjoyed surfing around your blog posts. After all I will be subscribing to your feed and I hope you write again soon!

  6. What i do not understood is actually how you’re not actually much more well-liked than you might be right now. You are very intelligent. You realize thus significantly relating to this subject, produced me personally consider it from so many varied angles. Its like men and women aren’t fascinated unless it is one thing to do with Lady gaga! Your own stuffs nice. Always maintain it up!

  7. Hey there just wanted to give you a quick heads up. The words in your post seem to be running off the screen in Firefox. I’m not sure if this is a format issue or something to do with browser compatibility but I thought I’d post to let you know. The design and style look great though! Hope you get the issue fixed soon. Kudos

  8. Thank you for another informative website. Where else could I get that kind of information written in such a perfect way? I have a project that I am just now working on, and I’ve been on the look out for such info.

  9. My coder is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using Movable-type on numerous websites for about a year and am worried about switching to another platform. I have heard good things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any help would be really appreciated!

  10. Wow! This can be one particular of the most beneficial blogs We have ever arrive across on this subject. Actually Great. I am also an expert in this topic therefore I can understand your hard work.

  11. It’s the best time to make some plans for the future and it’s time to be happy. I have read this post and if I could I want to suggest you few interesting things or tips. Maybe you can write next articles referring to this article. I want to read even more things about it!

  12. Good site! I really love how it is simple on my eyes and the data are well written. I am wondering how I could be notified when a new post has been made. I’ve subscribed to your RSS which must do the trick! Have a great day!

  13. I would like to thnkx for the efforts you’ve put in writing this blog. I am hoping the same high-grade website post from you in the upcoming also. In fact your creative writing abilities has inspired me to get my own site now. Actually the blogging is spreading its wings quickly. Your write up is a great example of it.

  14. Wonderful blog! I found it while browsing on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thank you

  15. Nice blog here! Also your web site loads up very fast! What host are you using? Can I get your affiliate link to your host? I wish my site loaded up as quickly as yours lol

  16. Just want to say your article is as astonishing. The clarity in your post is simply cool and i can assume you are an expert on this subject. Well with your permission allow me to grab your feed to keep up to date with forthcoming post. Thanks a million and please continue the enjoyable work.

  17. This design is wicked! You certainly know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Excellent job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!

  18. Heya i am for the first time here. I came across this board and I find It truly useful & it helped me out a lot. I’m hoping to offer something back and help others such as you helped me.

  19. Just want to say your article is as astonishing. The clarity on your submit is simply excellent and i can assume you are knowledgeable in this subject. Fine together with your permission let me to grasp your RSS feed to keep updated with approaching post. Thanks one million and please keep up the gratifying work.

  20. I’m impressed, I have to admit. Genuinely rarely should i encounter a weblog that’s both educative and entertaining, and let me tell you, you may have hit the nail about the head. Your idea is outstanding; the problem is an element that insufficient persons are speaking intelligently about. I am delighted we came across this during my look for something with this.

LEAVE A REPLY

Please enter your comment!
Please enter your name here