Female Entrepreneurship: Companies That Transform

[seonajmulislam00]

The strength of women in the job market is proven by data from Sebrae and by the daily lives of those who work in the business world. Now join me here to understand the importance of female entrepreneurship and its impact on the economy.

Do you want to start a business but don't have the courage? Then take advantage of the Tapa na Cara immersion and go for it!

Overview of female entrepreneurship in Brazil
panorama-of-female-entrepreneurship-in-brazil
Brazil has the 7th highest proportion of women among initial bulgaria phone number lead entrepreneurs in the world, according to 2018 data from the Global Entrepreneurship Monitor (GEM), from the Brazilian Institute of Quality and Productivity (IBQP), which assesses the behavior of variables related to entrepreneurship in Brazil.

Another very important fact about female entrepreneurship in Brazil is the increase in the proportion of female entrepreneurs who are also “heads of household” from 38 to 45% in recent years.

Analysis by Sebrae, carried out in 2019, also indicates that 9.3 million women are in charge of a business activity in the country, which represents 34% of all businesses in Brazil.

But an alarming and very real fact concerns the gender differences that still exist: female entrepreneurs are younger and have a 16% higher level of education than men, but they continue to earn 22% less than male entrepreneurs.

Another distinction that affects businesses managed by women is access to credit and financing lines: the average amount of access to loans made by businesswomen is R$13,000 less than the average available to men.

To make matters worse, even with a lower default rate (3.7% for women and 4.2% for men), the interest rates charged to businesswomen are 3.5% higher than to businessmen.

Why is it essential to encourage female entrepreneurship?
Other data analyzed by Sebrae shows that 96.3% of female entrepreneurs have only one job.

Furthermore, 75% of businesswomen have been in the same job for 2 or more years. Finally, it is worth noting that 81% of “business owners” do not have partners.

So, what is the importance of female entrepreneurship? Because data shows that women who venture into the business world invest their time and dedicate themselves to achieving success, sometimes without the support of partners, with whom they can share insecurities and decisions, and still end up being heads of households.

They are women who work double or triple shifts and who still generate jobs and keep the economy going.

Therefore, encouraging female entrepreneurship means providing financial freedom to many heads of households, and understanding that the larger machine, called the economy, needs people like these businesswomen, who dedicate their time and have success as the only possible goal.