In recent times, all around the world, there have been many discussions about Gender-based pay disparity in Jobs. In the entrepreneurial world, it can be an act of hard perseverance to get your business set sail by gaining the required funds.
A woman entrepreneur includes a woman or a group of women who initiate, organize, and operate a business enterprise. Slowly they are making their mark as businesswomen and giving their male counterparts a big challenge. Women entrepreneurs have been on the Indian business scene for quite some time now and have proven to become remarkably successful. around the world, there have been many names throughout history to become not only big names but also changing the prism through their remarkable ideas, women like Julia child, the famous author turned television personality. One can find successful and inspirational female characters in various films that on the mantel and the throne with their powerful resilience and their "take on the world" attitude. In reality, Women face multiple issues whether personally, socially or most significant of all financially.
Investors across the world are more likely to give money to males than to females. Intentionally or not, this choice makes only a small fragment to women who choose to live their dreams get finance for the same. On one hand, generally, women do not hold property or collaterals in their name and must resort to external sources. On the other hand, banks also consider women less creditworthy.
In our society, women are assumed to be those averse to taking risks. For instance, one of Indian's most successful women entrepreneurs, Kiran Mazumdar-Shaw, observed a great deal of cynicism towards women entrepreneurs and she was considered 'high-risk' by potential funders whose investment she courted for her biotechnology company, Biocon. If women do approach investors, they are perceived differently than men, and investors have been found to prefer pitches presented by men as compared to those by women, despite identical content. The women in India rarely own property which proves to leave them with less wealth than most. Only 11% of the world's billionaires are female resulting in women having less autonomy over their choices in becoming independent.
To take an Example, Richa Kar, co-founder and CEO of Zivame, is a name that has become a significant label by climbing the many heights in the world of online lingerie business. While starting her company, she not only had to overcome the social taboos about talking or selling lingerie, She also had to face problems funding her endeavour. In the initial phase, Richa borrowed Rs. 30,00,000 from friends and close family
What the statistics tell us can come as a big jolt to you. Women constitute only around 14% of the total entrepreneurship in India. According to a World Bank Enterprise Survey, the percentage of women in leadership positions in 2014 was as low as nine per cent. Although between then and now, there have been many policies put into place by the government and many strides made by Women.
The Govt. of India has been putting out schemes and policies to provide support to Women. NITI Aayog has launched a Women Entrepreneurship Platform (WEP) for providing an ecosystem for budding & existing women entrepreneurs across the country. SIDBI has partnered with NITI Aayog to assist in this initiative. NITI Aayog has launched a Women Entrepreneurship Platform (WEP) for providing an ecosystem for budding & existing women entrepreneurs across the country. SIDBI has partnered with NITI Aayog to assist in this initiative.
The same way we can see, huge strides being made by women all around the world, challenging every idea of bias and changing the façade of the world of new businesses, like… Women of colour started 70% of new companies in the US. In the last 20 years, this number has increased by nearly 500%. Another great fact, according to the most recent data, 7.8 billion people live on our planet. Women account for 49.6% of the entire world's population. Just a small percentage of those women currently hold the top management positions at startups. Still, female founders statistics show that at least one woman sits on the board of directors in half of the world startups.
To conclude, Certainly some issues bind the women entrepreneur to get money to pedal her way forward with that amazing idea. But, today's women entrepreneurs are finding ways through persevering and the changing world providing her support and confidence to succeed.