How Women Entrepreneurs Are Transforming Traditional Industries

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The 1980s and 1990s were a time of reaping the benefits from the hard work of women who worked tirelessly for their rightful place in the workforce as employees and entrepreneurs. Martha Stewart and Vera Bradley were among the twenty-first per cent women who owned businesses. The public was also becoming more receptive and encouraging to these female entrepreneurs, acknowledging the valuable contribution they were making to the economy.

She has over 25 years worth of experience in the private wealth management sector, including 10 as a Partner at Goldman Sachs. With offices in London, Atlanta and Sydney, TruRating has expanded rapidly. With a long career in the childcare sector, Margaret has decades of experience. With 13 years experience running her own business, Pursey has since gone on to win the Women in Business – Rising Star award as well as making the shortlist for the Women in IT Awards – Woman of the Year.

Tina SharkeyCEO & Co-Founder of Brandless

In case of the former category, they have to strengthen so that they can continue to generate income for self/family on long-term basis, and, if possible, graduate to commercial venture level. Moreover, in respect of the other category, they need support in establishing and successfully managing/operating their enterprises, besides coping up with the fall-outs of globalization. Thus a women entrepreneur is one who starts business and manages it independently and tactfully takes all the risks, accepts challenging role to meet her personal needs and become economically independent. At the same time, the Initiative France honor loan offers financial support to female entrepreneurs without requiring a personal guarantee or interest. This simplifies access to larger loans, generally between €3,000 and €50,000, with a national average of €9,700.

Though, like men they are energetic, goal oriented and independent, yet they are more flexible and talented than men. The factors that favour women in running organised industries are their skill, knowledge, their talents and abilities in business and compelling desires to do something positive. Although the characteristics of both men and women entrepreneurs are generally same, women entrepreneurs differ in terms of motivation, business skills and their occupational background. There is a difference in the factors, which propel men and women to become entrepreneurs. According to a study on women entrepreneurship conducted by IIT, Delhi, Indian women have desires and also aspire to enter and succeed in all fields at par with men.

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• From the 1960s to the late 1970s, another change came about when divorce rates rose and many women were forced back into the role of being the sole provider.
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This initiative supports aspiring female entrepreneurs by offering loans and low interest rates in compared to the private sector’s soaring rates, as well as being a reliable source of credit. Individuals with a family income of less than ₹40, 000 per year are eligible. They encourage loans in the commercial and service sectors in particular, with a ceiling of ₹1 lakh. But a new talent pool of women entrepreneurs is forming today, as more women opt to leave corporate America to chart their own destinies. These women have developed financial expertise and bring experience in manufacturing or nontraditional fields. As a result, the concentration of women business owners in the retail and service sectors and in traditional industries such as cosmetics, food, fashion and personal care is slowly changing.

Sometimes licensing authorities, labour officials and sales tax officials may harass them. Women entrepreneurs face tough competition from male entrepreneurs and also from organized industries. This situation discouraging the woman to become entrepreneur prevails almost all over the world. However, advanced countries have, in recent years, made some progress in allowing women to become enterprisers. Comparing all other undeveloped countries, India has also made reasonable progress in giving Women Entrepreneurs a scope to women to become enterprisers.

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She co-founded the startup in 2018, to build upon the work of the Beckley Foundation, a non-profit organisation she runs that focuses on drug policy reform and research into psychedelic medicines. Founded in 2014, RedCloud offers a digital ecosystem that is designed to unlock the full value in distribution for all parties. Elvie is funded by AllBright, BGF, BlackRock, IPGL, and Octopus Ventures, among others. Carwow was founded in 2015 out of the simple idea that buying a car should be an enjoyable process. Free and easy to use, people can purchase and lease cars from local and national dealerships without hassle. Beauty Pie is backed by Balderton Capital, General Catalyst Partners, Index Ventures, Insight Partners, and Latitude Investment Management.

The Rise of Women Entrepreneurs

There is no positive and supportive environment in the family itself, as a result of which a woman does not have a courage to come out of her own moorings. Their patience and gentleness make women sound personnel managers in small enterprises. They can generally understand the feelings of others and have a keen sense of justice and fairness. Initially, they get involved in the business situation where a man would usually remain cool.