Reasons why we need more Women Entrepreneurs

The role of women has transformed significantly over the past few decades, leading to the betterment of society. Women entrepreneurs are now excelling in corporate positions that were once considered male-dominated. While gender stereotypes are breaking due to feminism, there is still much progress to be made. Despite making up nearly half of the global population, women’s participation in economic activities remains low, with only 24% of senior corporate positions held by women worldwide.

Women bring a unique perspective to problem-solving and decision-making, which enhances business operations. Below are key reasons why the world needs more women entrepreneurs and how they contribute to economic, social, and cultural growth.

1. Economic Growth

Increasing the number of female entrepreneurs in the corporate sector can significantly boost the UAE’s economic growth. Currently, women's participation in entrepreneurship remains low, leading to wasted potential. Women excel in communication, networking, and organization, making them effective business leaders.

Additionally, women-led businesses often follow a more conservative approach, resulting in lower failure rates. Encouraging more women entrepreneurs can lead to a more economically stable and prosperous nation.

2. Narrowing the Gender Gap

Despite significant progress, there remains a large gender gap in entrepreneurship and employment. When one woman succeeds in business, she inspires others, leading to a stronger and more diverse workforce.

Studies suggest that closing the gender gap in entrepreneurship could increase global per capita income by up to 30%. Encouraging women’s participation in business is not just about equality—it’s about driving economic growth.

3. Company Culture & Workplace Safety

A strong company culture is essential for long-term business success. Women-owned firms are often more transparent, uphold higher ethical values, and foster better client relationships.

Additionally, women entrepreneurs understand the challenges of balancing work and home life, making them more likely to implement flexible work policies.

Workplace safety is another critical factor. With rising reports of harassment in workplaces, women-led companies tend to enforce stricter safety policies, ensuring a safer environment for employees.

4. Driving Social Change

In countries with lower GDP, entrepreneurship provides financial independence for women from weaker economic backgrounds. This empowerment leads to significant social change, allowing women to take more central roles in society.

Female entrepreneurship not only benefits individuals but also strengthens families and communities, contributing to overall societal progress.

5. More Money Reinvested Into the Local Economy

Studies show that 90% of earnings in emerging markets are reinvested into the local economy. While men are more likely to spend their earnings on personal expenses, women prioritize family and community welfare.

Women entrepreneurs contribute to the economic ecosystem by investing in education, healthcare, and local businesses, ultimately strengthening economic resilience.

6. Improved Innovation

Women-owned businesses often demonstrate higher levels of innovation. Despite common misconceptions that investing in women-led startups is risky, research indicates that female entrepreneurs bring fresh perspectives and innovative solutions to the market.

Women’s diverse roles in society enable them to identify gaps in the market, leading to creative and impactful business ideas. Their ability to balance practicality with innovation makes them valuable contributors to business growth and development.

‍What Is Necessary To Support Women Entrepreneurs Around The World?

‍A significant question that needs to be answered is, what should be done to support women entrepreneurs in the world? The main issues faced by women are experience, funds, and mentoring.Programs that educate women about the entrepreneurship world should be supported and they should be connected with more influential female entrepreneurs so that they have the motivation required them to get into the corporate world. Providing women with help to find high-quality credit sources can also be extremely helpful. Women can give their contribution to better business, more economic growth at both global and local levels as well as in innovative ideas.Immigo provides the all-around solution to all business setup in UAE queries whether it is an offshore, a mainland, or a free zone company registration Dubai. We are corporate banking and trade finance experts and will help you in managing your corporate bank account. We will guide you through the steps of obtaining a license with ease. We have various packages to fit with your dream business and help to get the company that you desire to run.