Research carried out shows that women are taking control of their lives and surging ahead in leading their businesses to success.
The ability to chart one’s own economic destiny by becoming an entrepreneur is one of the hallmarks of capitalism. Many of today’s most recognized companies and brands began as the brainchild of an individual who embraced the risks of entrepreneurship with hopes of realizing their entrepreneurial vision. Yet, while in theory entrepreneurship is anybody’s game, rates of female entrepreneurship have historically lagged those of men.
Thankfully, for the benefit of innovation, business, and society as a whole, in recent years we have seen an increase in rates of women entrepreneurship. Globally, from 2015 to 2016, women entrepreneurship rates increased by double that of their male counterparts.
Increasing female entrepreneurship rates are only half of the story. The economic impact of increased female entrepreneurial participation is significant and holds the potential to continue to be a major driver of economic growth. When coupled with statistics showing that women-led companies perform twice as well as those led by men, one can begin to imagine the significant impact the continued increase of women-led businesses can have on domestic job creation and economic growth.
Furthermore, as investors continue to seek opportunities to maximize returns on their capital they would be wise to look towards female-led businesses; studies show that on average female founded companies create over 60 percent more value for investors than those founded by men.
Regardless of gender, any entrepreneur will tell you that successful entrepreneurship is a challenging task requiring deep commitment and unlimited amounts of motivation.
After a career in the packaging industry, Mike Lane was keen to change direction and follow his lifelong passion for tailoring and sartorial elegance.
I am very much a trusted advisor for my clients. They love our consultative approach, the bespoke fit of the garments and Savile Row fabrics. The relationships we forge result in a long-term income stream through referrals and recommendations. It’s a rewarding business from so many perspectives…Tony Carr, Franchisee, Guildford