A Bain & Company survey states that women own close to 20% of businesses in India. While women-owned firms are helping the nation change its status as a leader in social and economic development, a number of famous women entrepreneurs have become household names thanks to their exceptional commercial acumen.
Outcome From the Research Papers
In the abstract, they mentioned that in the US, 8.6 million enterprises are owned by women entrepreneurs. Women-owned firms are the fastest-growing business group in the United States, which makes them crucial economic drivers. The absence of resources to support women company owners throughout the early phases of their ventures is a common issue. The anticipated purpose of this phenomenological qualitative study was to investigate different leadership Feminist ideologies, gender inequality, the impact on women, and networking and mentoring expansion of entrepreneurs’ firms. 22 women, or 51% of the study’s participants, were female. Ownership of an Ohio company with yearly revenues of $50,000 and a minimum of five years in operation and more. The information was gathered through in-person, phone, and Skype interviews.
Current Scenario of Gujarat
Gujarat has long been hailed as a state full of entrepreneurs with a natural flair for business. Even though women generally encounter obstacles when they enter the business sphere, women in the state have also made significant progress in becoming prosperous entrepreneurs. Recognizing the problems, the government is also providing a strong support network through a combination of supportive institutions, business incubators, and supportive regulations. The government of Gujarat, through the Gujarat Women Economic Development Corporation Ltd., has been actively working to advance women’s entrepreneurship by fostering their ability for entrepreneurship and their business acumen in order to create sustainable income streams through enterprise creation. Through Entrepreneurship Awareness Programmes (EAP), the project aims to raise the awareness of 3850 women.
Latest Trends of USA for Women Entrepreneurship
As per the research they have mentioned, Innovation and entrepreneurial education are essential for American businesses to be competitive (Littlejohn, 2010). The growth of women entrepreneurs, according to former Secretary of State Rodham Clinton (2011), is a moral and strategic need for the twenty-first century. Countries that incorporate women are more competitive, according to the evidence. Women-owned businesses contribute significantly to the growth of national economies. But too frequently, unfair hurdles prevent them from developing fully (Rodham Clinton, 2011, p. 3). Job Entrepreneurial innovation will help the economy recover (Strangler & Litan, 2009). In the US, a new company is founded every minute (Schramm, 2011). The quantity of in 2013, the number of women-owned enterprises climbed by 54% or 1.5 times the national average. In the previous year, there were up to 200,000 new firms (“The American Express,”).
Women business leaders and entrepreneurs must be supported in the United States, according to Rodham Clinton (2011), because they are the answer to the country’s economic crisis (Kekeh, 2011; Rodham Clinton, 2011). 2007 saw American women 87% of small enterprises making under $100,000 were run by entrepreneurs, while only 12% of those earning 2% of all women-owned businesses’ revenue (“Mapping the Missing”) 2007). Middle. The majority of women-owned businesses earn an average of $50,000 a year. revenues although the proportion of $1 million female business owners is increasing (Maltby, 2012). Only 2.6% of women’s enterprises (247,000) and 6% of men’s (558,500) are run by entrepreneurs.
Activities:
- Need to design introductory mail
- Need to design Graphics
- Generate leads
- Approach them
- Closing the deal
This research study’s goal is to investigate the leadership philosophies, tools, and expertise that prosperous Ohioan women company owners identify from their actual experiences expanding their enterprises. The study’s criteria include 51% ownership of an Ohio business with yearly revenues of $50,000 or more that has been in operation for at least 5 years. Understanding the leadership practices, education, and resources of a deliberate sample of 22 Ohio Women business owners in the US might aid other women company owners in expanding their ventures. By examining leadership, this study establishes a basis for size and revenue growth. styles, education, and materials.
Critique
According to this study’s definition of success, a woman entrepreneur who has a 51% stake in an Ohio company that has been in operation for at least five years and generates at least $50,000 in yearly revenue qualifies. According to information from the U.S. Census Bureau Report (2010), the typical Ohio Sales for female entrepreneurs totaled $50,000. Women’s qualitative research studies businesses’ personal experiences may offer guidance for other female businesses to advance (Creswell, 2012) Their companies. The research could potentially shed further light on the difficulties and obstacles that women business owners encounter and how they overcome them.
As this study focuses on women’s entrepreneurship, we cannot predict economic development in Ohio because based on gender priority it’s very difficult to evaluate the economic growth of state and country. Women business owners around the country can benefit from the findings of this study. The study may be useful to other women who want to launch enterprises, women entrepreneurs, or others who are interested in entrepreneurial research. In high growth in any economy, entrepreneurship is a major driver of new employment (Kelley, Amoros, & Bosma, 2010). Innovative and international trade are essential for national competitiveness. business endeavors (Kelley et al., 2010). The findings of this study shed light on the goals of female business owners and present a business strategy that includes Resources, leadership philosophies, and methods for expanding their enterprises past the first five years.
Business survival is influenced by a number of things. This research study focused on the real-world experiences of female business owners while identifying key elements for achieving effective growth five years after starting up. Statistics from the U.S. Census Bureau as of 2010 $50K was found to be the typical Ohio sales revenue level for female business owners. This study’s findings could help men, women, and other business people. the business community, as well as entrepreneurs. The results of this study shed light on the objectives of female business owners and present a business plan with resources, theories of leadership, and strategies for growing their companies beyond the first five years.
Conclusion
Here I have concluded that, as per the article they have focused on women’s entrepreneurship in Ohio. They have evaluated the knowledge, skills, and leadership quality of women in Ohio, USA. Most businesses fail within the first five years of operation, according to the U.S. Census Bureau and the Small Business Association (SBA) (“Startup America,” 2011; “U.S. Census Bureau,” 2011). According to the SBA, about half in the first four years, and 50% in the first year, of new business start-ups fail. “Office of Women’s Business Ownership,” 2011, Reaves, 2008. Elam, Allen, Langowitz, authors of the Global Entrepreneurship Monitor Report (GEM), and Dean (2007) identified Businesses that continue operating after 42 months have passed the crucial point of failure. Women’s entrepreneurship is very important but need to work on the development of women towards entrepreneurship so that we can reduce the failure rate in the state of Ohio, USA.
