Women are confined to traditional roles like managing the household, child care, etc. Even if they wish to become entrepreneurs, it is not an easy task. They face many constraints. There are some policy issues. There is a need to promote institutions and organizations to help women so that they may be able to take up newer roles.
Promoting Women Entrepreneurship
In order to become successful entrepreneurs, women need to focus their attention on business planning and management, which requires them to spare some time out of their traditional roles.
Thus there is a need to support institutions engaged in child care, education, household care, domestic care, etc. There is also a need to promote better education and support for women. There are some issues that are under the governments in order to promote women entrepreneurs:
- Increase Ability to Participate
- Listen to Voice of Women Entrepreneurs
- Integrating Women’s Entrepreneurship in SME Policy Formation
- Promote the development of women entrepreneur networks
- Assessing Women’s Business Policies”
- Strengthening Research on Women Entrepreneurs’ Economic Rol
Increase Ability to Participate
Increase the ability of women to participate in the labor force by ensuring the availability of affordable child care and equal treatment in the workplace. More generally, improving the position of women in society and promoting entrepreneurship generally will have benefits in terms of women’s entrepreneurship.
Listen to Voice of Women Entrepreneurs
Listen to the voice of women entrepreneurs. The creation of government offices for women’s business ownership is one way to facilitate this.
Such offices could have program responsibilities such as providing women’s business centers, organizing information seminars and meetings, and providing web-based information to those wanting to start and grow a business.
Integrating Women’s Entrepreneurship in SME Policy Formation
Incorporate a women’s entrepreneurial dimension in the formation of all SME-related policies. This can be done by ensuring that the impact on women’s entrepreneurship is taken into account at the design stage.
Promote the development of women entrepreneur networks
Promote the development of women entrepreneur networks. These are major sources of knowledge about women’s entrepreneurship and valuable tools for its development and promotion. Cooperation and partnerships between national and international networks can facilitate entrepreneurial endeavors by women in a global economy.
Assessing Women’s Business Policies”
Periodically evaluate the impact of any SME-related policies on the success of women-owned businesses and the extent to which such businesses take advantage of them.
The objective should be to identify ways to improve the effectiveness of those that should be retained. Good practices that are identified in this way should be disseminated and shared internationally.
Strengthening Research on Women Entrepreneurs’ Economic Rol
Improve the factual and analytical underpinnings of our understanding of the role of women entrepreneurs in the economy. This requires strengthening the statistical basis for carrying out gender-related cross-country comparative analyses and longitudinal studies of the impact of important developments and policies, especially over time.
Women entrepreneurs play an important role in the entrepreneurial economy, both in their ability to create jobs for themselves and to create jobs for others. In Europe (both European Union countries and other European countries), estimates indicate that there exist more than 10 million self-employed women.
In the United States, 6.4 million self-employed women provide employment for 9.2 million people and create significant sales. It is also observed that women still represent a minority of those who start new firms, are self-employed, or are small business owner-managers.