The Startup Muster Survey found out that women participation in business rose from 19 percent in 2013 to 24 percent in 2014. That means one female out of four males, operates her own startup business.
The survey also reveals that 32 percent of Australia’s women business operators live in New South Wales. In a roundtable discussion today where the Startup Muster Survey has been presented, women entrepreneurs in the startup industry gathered to talk about challenges and opportunities for women. They have started their own campaign with #womeninbiz to encourage their fellow sisters in engaging into business.
Aldermore Bank supports this endeavor, citing that more investments should be allocated to women in startup businesses. Startup has been the latest trend if one wants to venture into business. It enables budding entrepreneurs to be trained by experts, and to be guided by their respective mentors in starting their own businesses.
Why do we need more women entrepreneurs?
In an article written by a businesswoman herself, Margarita Hakobyan detailed the reasons why there should be more women entrepreneurs in the world. “Businesses need women executives, and the economy needs women entrepreneurs, not just because of some fuzzy idea about diversity quotas, but because more diversity in the boardroom and the home offices translates into a better, stronger business. The more women succeed, the better off the global economy will be. Any business that wants to be part of the next great wave of entrepreneurship should be looking into how it can both attract and support female entrepreneurs going forward, through mentorship, Angel investing, and funding capital,” Hakobyan summarizes.
The organizations supporting the #womeninbiz campaign want to reduce barriers between entrepreneurship and women. Business NSW states that even though female entrepreneurship is growing at a faster rate than male’s, there is still much to do. Since then, various women organizations together with United Nations Women, have tried to help raise the status of women in different fields such as politics, economics, and culture among others.