Saturday, July 20, 2019
Home Business & Economy Female entrepreneurs are actually becoming more successful and ambitious in today’s business world.

Female entrepreneurs are actually becoming more successful and ambitious in today’s business world.

0
Female entrepreneurs are actually becoming more successful and ambitious in today’s business world.
There are still a whole lot of efforts that need to be invested in boosting and accelerating female entrepreneurship especially in an emerging nation like Nigeria. In line with this, we discuss ways to boost female entrepreneurship in Nigeria.

Better access to capital

There’s still much inequality in terms of providing women with loans and another financing that they need to start and grow businesses. When it comes to financing, women face particular hurdles, from a lack of collateral to discriminatory regulations and gender bias. Small loans can make a big difference.

Increased networking and collaboration

Much more needs to be done to help women realise that the change begins with them. Collaborating with other women, being part of networks and communicating more with others is vital to helping women gain the confidence to start their own businesses. In Nigeria, networking and non-profit organisations like Women in Business (WinBiz) and Women in Management and Business and Public Service (WIMBIZ) among others are playing a strategic role in supporting and boosting female entrepreneurs. Women should not hesitate to join these organisations.

More education

Entrepreneurship has to feel accessible to women. More training and education programmes geared towards women could help build confidence and reduce the fears that starting a business is a high-risk endeavour.

New mentorship opportunities

Providing role models and guidance to women to show the economic, social and lifestyle benefits of business ownership could greatly enhance female entrepreneurship. Financial support, while crucial, is only one part of the equation. Having access to the advice and guidance of business mentors is invaluable for those women who are just starting out.
Read:  Keystone Bank wins again, clinches “Africa’s Best Customer Service Provider 2018” & “Best Innovation in Retail Banking Nigeria 2018” at the International Banker Awards in London

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.