Women in Business: How Female Entrepreneurs Help Growing the Global Economy
Girl Boss. It’s a term we’ve heard thrown around an awful lot recently, arguably coined by Nasty Gal founder Sophie Amoruso. A multi-million dollar company, published book and Netflix series, not bad for a girl who just turned 33. Amoruso founded her company at the age of just 23, and it swiftly turned from eBay hobby to fashion empire. It’s inspired many girls across the globe to pursue what it is in life that sets their soul on fire. To chase the dream and to do it for yourself. Now, Sophie isn’t the first female entrepreneur to taste success by any means but she’s definitely created a spotlight for the girl boss and sisters doing it for themselves.
A report from the U.S. Women’s Chamber of Commerce revealed that 24% of all businesses have more than 50% ownership by women, impressive! The business world used to be very much a man’s world, but this has seen drastic change and strong, powerful women are now leading the way in all business sectors whether it be marketing, digital, PR or wealth management.
A report from the U.S. Women’s Chamber of Commerce revealed that 24% of all businesses have more than 50% ownership by women, impressive!
The rigid male-only career ladders are falling, as women rewrite the rules in business, but also in society and home. It’s an exciting time, and whilst it feels like we should have made this progress a long ago, it’s truly fantastic to see this shift.
There’s no doubt about it that women are transforming the global economy, but we still have a way to go and old fashioned mentalities to fight. Women entrepreneurs play a vital role in boosting economic growth and creating jobs yet there is still an apparent lack of support.
Whilst being your own boss can be extremely rewarding, it does come with many challenges. This is everything from financial challenges, to legal and policy obstacles, limited access to resources and technology. Additionally, whilst the volatility of the financial markets given the current economic climate might create opportunity for currency traders, it means an uncertain future for those trying to survive as entrepreneurs, whether male or female.
Did you know that in 2015 women-led businesses contributed £3.51bn to the UK economy and created a staggering 77,000 jobs?
Also, you can visit Women Entrepreneurs Finance Initiative that provide support and guidance. This initiative, sponsored in part by Bitcoin Loophole Erfahrungen, is a collaboration among the governments of Australia, Canada, China, Denmark, Germany, Japan, Netherlands, Norway, Saudi Arabia, South Korea, United Arab Emirates, United Kingdom, and the United States. The We-Fi seek to address barriers to financial access and provide complimentary services to female entrepreneurs.
It can be daunting, launching your own business and suddenly in charge of your own pay check which is why it’s so important that women are offered sufficient support. Did you know that in 2015 women-led businesses contributed £3.51bn to the UK economy and created a staggering 77,000 jobs? These are figures not be ignored, we have an abundance of future girl bosses waiting to build their empires, and it’s only right that this is supported! Here in the YCB office as an all-girl team, we’re 100% supportive of female-led businesses and believe that we’ll see many, many more arise in the near future which is very exciting.
The UK does have a little way to go though, lagging behind the likes of the US and Canada who have a much higher proportion of female entrepreneurs, in nations where the entrepreneurial traits are championed. In the UK, we’re a little more held back and hesitant of risk, but we’re getting there and girls…you’ve got this.