In the global scenario, it has been noticed that entrepreneurs are the future of society. Now entrepreneurs hold a lot of capability to bring a huge change effectively. Women entrepreneurs are also turning up in the business on a huge scale and most of them are becoming the role model for society. According to reports, it has been observed that there are a lot of scopes for women entrepreneurs, and utilizing the scopes properly can help them set up a bright future in the business. Though the survey confirms the global growth of women entrepreneurs, the expansion is even more in the regions of America. But even after being in the fastest country, entrepreneurs are facing challenges on a daily basis.
As of now, it is accessed that in America, there are more than 13 million businesses and nearly 12 million employees in the businesses make annual revenues of $1.9 trillion. Even after making such a huge revenue, women are not being able to make much profit in businesses. A woman gets only 4% from a small business loan and from the total capital investment, one can make 2.1%. It is not like the businesses are failing but there are some barriers to generating higher returns. Therefore, let’s understand the loopholes that are creating financial challenges. Here are some of them –
• Women Can’t Get Access to More Capital:
Women entrepreneurs have grown on a large scale but it is quite unbelievable that even after so much success, they are facing problems to get capital for their businesses. It is one of the biggest concerns why this sort of gender equality exists. Being one of the most developed countries if women from America face problems like this then, what can happen to women from other countries? It is said that women are failing to bring more capital and investors because they have less number of sources who will invest in their business. On the other hand, male entrepreneurs can bring more capital because their connection is much better as well as stronger compared to females. And that is why, women are lacking to get business loans too.
• Women Face More Challenges:
Society has developed in many aspects but it still lacks in many parts too. Even now, it is considered that it is a woman’s responsibility to manage their house and other work outside of the house. They are the only person who has to manage both and succeed at the same time. But it is impossible to maintain everything and don’t make any mistakes. They are also human and they are also allowed to make mistakes. But another thing that everyone has to accept is that it is not always a women’s responsibility to manage the home and work at the same time. That is why, it is really important to distribute responsibility equally to every member of the house. Otherwise, women in our society won’t be able to put their effort to their fullest.
These are the two major reasons why women are lacking to get success in the economic part of the business. It is the peak time to make a noise and grab everyone’s attention. Institutes have to give loans to everyone, without being biased of their gender. The world must provide equal opportunities to everyone. Other than that, it won’t be possible to make a greater change in society. Therefore, people need to be more aware of this fact and put effort to remove these barriers. By doing so, it will be much easier to get rid of these kinds of problems in society.
