Women have been breaking the glass ceiling in all walks of life, especially the business world. According to research, now women are in charge of four out of 10 businesses in the U.S., and the number of businesses owned by women’s own has gone up by 114 percent in reference to the data acquired twenty years ago. Of course, they are in no mood to slow down and more and more women are going to college and educating themselves, and becoming the prime breadwinner in their respective families.
In spite of all the progress women are making in the right direction, they still struggle in terms of management of cash and especially investing, compared to their counterparts. According to a popular business magazine, women are far behind men when it comes to financial literacy tests and they also tend to invest 40 percent less in comparison with men. Though women are considered great with saving as they save 9 percent of their salary, while on the other hand men save only 8.6 percent. But when women were asked what they would do if they were handed $1,000, and the immediate response was that they were 35 percent less likely to invest the money when compared to men.
Even though women entrepreneurs run business excellently and are great at money-saving. They have a hard time understanding the importance of investing – even at the cost of taking some risks. In order to help women invest more, there are tons of online investing platform made for women, that has taken an initiative to bring the change by providing the required guidance and mentoring needed to handle those risks successfully.
Why investing can be difficult for women entrepreneurs?
Women entrepreneurs have higher chances of gaining more personal and business capital through investing. They can also advance their savings and secure their financial future. For example, if they put their money into a traditional savings account, which will build upon average only about .01 percent to .06 percent a year in interest, whereas, comparing that to the stock market, where one can get historical returns of 10 percent and the window to gain quarterly dividends. So if they are putting $1,000 into a savings account and gaining .05 percent interest, they would be getting $5 in interest over the course of a year. But, if they put it into the stock market, then they can potentially get a 10 percent return, and eventually, they’ll make $100 that year.
Source : Business Magazine | Tycoon Success
There was never a doubt about the capability and ability of women, the question was just to provide them the right platform and chance.
The advent of mobile technology has given the proper medium to showcase their class and talent, thus it has ushered women empowerment in the field of entrepreneurship to the core.
Explore the successful businesswoman story in India which can inspire you.
Knew the real struggles and hurdles which they face to reach that place.
Sheinbusiness in a mission to fuel economic growth by building a broad network that supports women who own a business and make their identity as a female entrepreneur.Read some of the best stories of women entrepreneurs that may inspire a lot of women out there who want to start their start-up or business
The reasons for the rapid rise of women entrepreneurs and some business ideas that women entrepreneurs can implement to have a flourishing business.
On 27th June 2020, at 5 PM (IST), Builderfly is coming up with its next webinar session.
The topic of the webinar will be "Make Your Store Attractive With Builderfly's Design Section !"
Whether you have started creating your store or not, you can join us and learn how easy it is to customize your store's front-end.
It's a fantastic opportunity for youthprenuers, women entrepreneurs, and existing retail businesses to build their business.
When the country is unlocking gradually, you can maintain the norms and still give wings to your business ideas.
The experts will guide you in detail about the ideas that you can implement to add a personal touch to your store.
