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Over the past three years, there has been a marked increase in the number of women pursuing entrepreneurship, with an estimated 40 percent of new businesses in the United States started by women. In Australia, we’ve seen similar growth, with the number of businesses owned by women increasing to over 35 percent in 2022.
There are many reasons that we are seeing more women show interest in owning their own business. Widespread layoffs during the pandemic contributed to an initial rise in female entrepreneurship in 2020, along with the need for flexibility. Being able to pursue their passions and charge what they’re worth are other key drivers for women looking to be their own boss.
However, despite the marked increase in women’s engagement in entrepreneurial activity, there are still far more male than female entrepreneurs in most countries, and there is also a need for greater support and funding for women looking to start and scale their businesses.
Below, five women EO members share their thoughts on what it’s like to own their own business and how entrepreneurship can become a more inclusive space for women.
Empower Girls To Reach Their Full Potential
Entrepreneurship is a vital driver of innovation, job creation, and economic growth. However, it has long suffered from a lack of inclusivity, with certain groups being underrepresented and facing significant barriers. As an example, only 3 percent of venture capital funding went to all-female-founded startups in 2022.
Franc.World aims to change this narrative by opening the doors to conversations about self-discovery and future career paths at a younger age through their multimedia offering that includes books, documentaries and podcasts.
Our mission is to create a world where entrepreneurship knows no bounds and where everyone can thrive and contribute to a better future. We want to empower every Australian girl to reach her full potenti… Read More
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