In the last ten years, research has shown that women entrepreneurs significantly boost the economy not just financially, but morally and socially as well. The conversation should no longer be why women should be their own boss, but rather how we can better support them in doing so.
Encouraging women to lead, launch, and scale their own businesses isn’t just good for individual success it raises the standard of living for entire communities. That’s the power of women in business.
The Government Supports This Vision
This might surprise you: the government has actually taken a supportive stance on this issue.
Because women make up nearly 50% of the population, empowering them as entrepreneurs creates a significant boost to GDP. Women also tend to approach return on investment (ROI) with long-term sustainability in mind, which benefits not just their families, but the broader economy as well.
Social Limitations
There are many situations in which women do not pursue a goal like this because of the social discrimination they would receive whilst doing so.
Let’s talk about how this affects the economy outside of the United States. There are now more opportunities than ever in Rural India. Before this decade, women were only known to work in fields. Now, women are socially accepted to work in Urban India and also respected. Employers are starting to recognize that women add to their businesses and are of extreme value.
Equal Opportunity
It can be seen as of late that most male dominated fields have been overwhelmed with women. Sadly, this was not always the case.
Although it’s not perfect, the business world has come a long way since the women’s rights movement. Not only are women allowed to operate and make a living in fields that were dominated by men, but also play a huge role in social harmony. It is much more accepted nowadays for a female to work as a police officer, lawyer, healthcare worker, judge, and much more. The list is endless! This is definitely something to celebrate as well as a segway to push for more equality.
Women have come a long way, no doubt. However, there has to be an understanding that there is still much to be done. Men still dominate the entrepreneur field. Women deserve a place on that chart! Everyone plays a role in society and it is time for women to take their rightful place in this economy. We all play a part.