The prime point of the talk is that providing ample motivation and a push for the women-led businesses for flourishing the overall global economic growth.
According to a July report from Boston Consulting Group, the global economy will get a huge shot up in its arms by a roundabout $2.5 trillion to $5 trillion in case of equal participation amongst male and female entrepreneurs as the overall global GDP will surge ahead by 3 to 6 percent.
The report also as well as founded up that the percentage of men taking up pain in starting a new business outpace the female counterparts by four to six percent and this gap broaden when it comes to top economic rich countries like Switzerland and South Africa, while the women entrepreneurs in Vietnam, Mexico, Philippines, and Indonesia lead from the front in launching up of perfect and best in class businesses than men in 2016.
Thus, this figures clearly indicates that the Asian Women seems a lot ahead of their men entrepreneurs when it refers to as initiating a business, women entrepreneurs in Middle Eastern and North African tertiary don’t stay in the same wavelength for a longer term as they drop out from the entrepreneurial space a much quicker than it is expected.
On average the BCG report founded out that, women dominated businesses are mostly half than the male-dominated enterprises that remain operational for three and half years post their inception. Despite all these otherwise a very little promising period for most female entrepreneurs, the tertiary, however, witnessed a heavy surge in the funds and the accelerators supporting most of the female entrepreneurs.
UAE has emerged as the most happening hub for most of the female entrepreneurs as almost half of the tertiaries SMEs (Small and Medium-sized Enterprises) is managed by the women. For illustration: – The four-month accelerator initiative Womentum by Womena-Dubai based Angel Investment Platform and Standard Chartered, provides broader support for most of the female backed tech start-ups in the region.
However, what needs to be quickly addressed is that a large number of dormant native or global women backed ventures that slowly fades away and becomes non-operational post-three-and-a-half years after initiating the businesses and indicates more support is actually the call of the hour. And a plan needs to be chartered out for what actually remains to be done?
Luckily, there are a few better networking choices for those based mostly within the UAE. The International Business Women Group in Abu Dhabi, supported in 1994, provides monthly networking sessions and seminars for all its feminine members. Alternative options embody the Womena initiative Bossladies, a community of feminine entrepreneurs that has coaching, networking, workshops, and media exposure opportunities to all its members.
It would be smart to examine similar events lined for all the feminine entrepreneurs across the region, because it may rework for his or her journeys. A large number of sessions going down across totally different countries might give networking opportunities between investors and feminine entrepreneurs further as workshops, seminars, and short accelerator programs that girls may benefit from.
Networking and skilled advancement opportunities for feminine entrepreneurs may surface on the digital front further, with content created specifically as desired or as specifically suiting the best of their needs. It may embody videos by inspirational businesswomen, tutorials, articles, blogs and a lot more. Although not dedicated alone for feminine entrepreneurs, Oman-based organization Edlal, provides skilled on-line courses in Arabic without any charge, across totally different topics like innovation, entrepreneurship, programming and stigmatization that feminine entrepreneurs would possibly notice useful. The video tutorials are conferred by thought leaders and specialists in numerous fields, with viewers receiving a certificate once they complete the tutorial.
More support may additionally return from regional licensing departments to produce special business set-up rates to encourage girls to launch their businesses. Rakez, Ras al Khaimah’s economic zone, provides the UAE’s 1st business set-up package for feminine entrepreneurs at Dh 6,200 each year. The package includes the free use of shared workstations, installment plans and eligibility for a UAE residency visa.
More support may additionally come from making co-working areas around the region for girls to come back along, work, mentor one another, learn and meet over events. The area may be an initiative by a worldwide bank or a giant corporation that operates within the region.
However, the most important support feminine entrepreneurs would like is a lot of funding, whether or not from angel investors, venture capitalists or grants.
Several studies reveal that women-led corporations exceed those managed by men. analysis by Credit Schweiz, printed in 2016, as an example, found corporations with girls in leadership positions generate higher returns and profits.
Supporting feminine entrepreneurs is important to reinforce their livelihoods and rework our world economy through the creation of recent concepts, new products, and new job opportunities.