WHY THE WORLD NEEDS MORE WOMEN ENTREPRENEURS?

Highlighting the Need for Women Entrepreneurship in Education

Entrepreneurship is not merely a word; it’s a lifestyle a person chooses for themselves. Entrepreneurs are responsible for driving a major part of a nation’s economy. Entrepreneurship has capable of controlling economic growth, industries and market of the country. Women constitute to half of the educated population of but still we come across a few who are representing them either globally or nationally. Women entrepreneurs have the ability to see the world through the different lens, innovation, passion and running their business.

Women inhibit the quality of giving it back to the world. They know how to strike a right balance between market and society. Our society has given less chance to women to explore more on the professional side of the career but time has changes now. Over the years we have seen an increase in the number of women entrepreneurs.

From tech giants to fashion, we see women leading in every single sphere of the market. The technology has disrupted the market in such a way that It has created more opportunity and variety of career choices for women to choose from. The opportunities present in the market, diverse career options and continuous support from the government is encouraging women entrepreneurs to step into the market.

Economic Growth

There are fewer countries where men and women contribute equally in terms of entrepreneurship and owning a business. Women play an important part in forming the family, society and nation’s economy. For example, In the United States, Women who own a business in the US are 30%. Bringing more women into the market will have chances of running a successful business. Bringing women into the entrepreneurship might help them in exploring the untouched niche till now. Hence, improving the economic growth and stability within a country.

Dramatic Target for Poverty Reduction

Companies like Brookings Institute has highlighted that entrepreneurship is one of the ways to support women around the world. By removing the obstacle like financial support, legal restrictions, women will be able to make their own incomes that will uplift the financial and economic condition of the country. Women are basically the backbone of the society, if given a chance they can educate the whole family which will result in less poverty and illiteracy rate.

Increase overall GDP

By bringing more women into entrepreneurship, we have higher chances of increasing the global economy and drive economic success around the world. Women with adequate entrepreneurial education and the right resource can make their business a success. Women may explore well in the areas like healthcare, retail etc.

Improved Innovation

Women have been subjected to more roles in the society and niche than men. So, women have a different outlook towards business that will support the overall development of a robust global economy. Startups are more likely to succeed as women are better at managing the finances. So, women entrepreneurs are capable of displaying better returns and payouts.

Madhukar Angur is a Chancellor and Founder of Alliance University, Bangalore. He has also served as mentor and investor for many companies around the world. With wide range of expertise and knowledge, Madhukar G Angur wants to provide financial support to the next generation of entrepreneurs. Dr. Angur’s area of interest is in the field of Edu-Tech, Fintech, etc.