Question

. Success stories of women entrepreneurs are few as compared to their male counterparts. Explain why and what steps can be further undertaken to promote women entrepreneurship.give examples also

Answer 1

The private as well as the public sectors can begin by:

Development of opportunities for individuals and organizations, through venture funds , corporate projects, private equity and social capital, to invest in women's companies Modernisation of existing government credential, grant and loan programs to help women-owned businesses cope with the investment models Exploring alternative capital streams, such as crowdfunding and impact investments

Local governments and business leaders should start by saying:Endorse trade agreements further liberalizing trade and opening up new markets for companies of all sizes Promote universal and open standards, as well as secure frameworks for cross-border data transfers, business support systems and networks, while maintaining sufficient privacy and information security protection; Supporting mentoring programs through financial support; encouraging multiplier tools such as accelerators; continuing education and training; and facilitating networking activities

Organizations that embrace gender diversity are more likely to succeed by 15 per cent. The figure rises to 35 percent when you add ethnic diversity. The public and private sectors will promote inclusiveness through  Encourage leaders to address diversity as a core business strategy, and integrate diversity with other priority business drivers and talent management strategies Empower members to consider and discuss the role of bias through training programs, both aware and unconscious. Promote positive success stories in the media, conferences and leadership movements of women founders and diverse business owners

Globally, access to technology levels the playground for entrepreneurs. Governments and business leaders can help women entrepreneurs succeed by: emphasizing the subjects of science, technology , engineering and mathematics (STEM) and digital literacy in education and early training programs Enabling access to broadband globally Raising women 's knowledge of the hardware , software and digital tools they can use to scale their businesses