During the 20th century, female entrepreneurship in the United States increased. In fact, the number of women-owned businesses has increased by 5% since 1997. Despite the increased number of female entrepreneurs, many women still struggle to succeed as business owners. To help women overcome these challenges, this article will discuss some of the key economic issues that directly affect their ability to participate in the economy and grow their businesses.
Maslow’s theory of motivation for women entrepreneurs
Using the theory of motivation for women entrepreneurs, this study will investigate the factors that motivate them to run their own businesses. It will also look at the personalities, capabilities, and environment of successful female entrepreneurs. This study will be done in order to understand why women are more likely to become entrepreneurs.
The theory of motivation for women entrepreneurs is based on the needs of the individual. Maslow stated that individuals are motivated to achieve a goal because of the needs they have. The needs are related to the psychological and physiological needs of an individual.
The basic needs of the human body include the need for food, drink, and the need to urinate. These are fulfilled by eating and drinking. However, some individuals may have other needs that are more important than these. For example, some individuals may have a need for self-esteem.
Push and pull factors influence women entrepreneurs in developing countries
Several studies have shown that push and pull factors influence women entrepreneurs. These forces motivate people to become self-employed and may encourage females to start their own businesses.
Some of the most prominent push and pull factors include a desire for personal independence, the need to raise money for the family, and an opportunity to change a family’s lifestyle. These factors are often interconnected.
A study by Sadi and Al-Ghazali (2010) showed that the pull and push factors have a profound effect on females’ entrepreneurial intentions. This is not surprising, given that many females in the Middle East and KSA face multiple obstacles to success.
Aside from the obvious push and pull factors, there are also a variety of other factors that contribute to the development of women’s entrepreneurship. This paper aims to identify key determinants that inspire and encourage Saudi females to become entrepreneurial. It is important for policymakers to develop strategies based on the findings of this research.
POWER’s tiered approach highlights key economic issues that directly affect women’s ability to participate in the economy and grow their businesses
POWER’s research has identified a tiered approach to highlighting the economic issues that directly affect women’s participation in the economy and the growth of their businesses. The topic note examines key support services in 100 economies, identifies legal mandates for these services, and identifies gaps between laws and implementation. The report outlines an ecosystem of partners, intermediaries, and communities of practice that help small businesses thrive. It also reveals that Black-owned firms lag behind white-owned firms in both size and number of active business operations.
POWER’s analysis of the economy demonstrates that the size of Black-owned businesses is over-concentrated in low-wage industries. These industries include Accommodation and Food Services, Health Care and Social Assistance, and Administrative and Support Services. These sectors employ nearly half of all Black-owned firms. Moreover, black-owned firms are smaller than white-owned businesses, operate with less capital, and are more likely to fold under economic pressure.
Home-based businesses helped solve a part of the problem for women who worried about being mothers
Amongst a phalanx of men, women are more than likely to be tasked with the responsibility of the mantle, the best of which is to be mined with aplomb. This is not to say that men aren’t just as capable of putting in a full day’s work as their female counterparts. Luckily, a home-based business can be the ticket to your esquire if you are willing to put in the requisite elbow grease. The most obvious drawbacks include childcare costs and the cost of a mortgage. To make matters worse, a home-based business can be a family affair, with a sizable portion of the family in the form of a spouse or sibling.
Women entrepreneurs are paving the way for more women in tech
During the past decade, a swath of organizations has been founded to promote STEM learning to young girls and networking opportunities for women. These initiatives are paving the way for more women to enter the technology field.
A new report by Deloitte International states that women will fill a third of the positions at major tech companies by 2020. Higher education institutions are recognizing the gap between the digital economy and female representation and are working to develop programs that are geared toward gender equality.
One of the largest hubs of technology in the country is New York City. Known for its innovation, the city has many initiatives aimed at increasing the presence of women in the field. Founder of NY Women in Tech Jovana Whatmoor says that her own life experience in the industry helped to shape her passion for supporting women in the tech industry.