Research done by the IFC and Dalberg shows that female entrepreneurs are more likely to invest time and money in business development. When technology is adopted by businesses – whether using online accounting solutions or messenger services for communicating with staff – it saves them time, allows them to maintain and grow their customer base, and ultimately increases cost savings and profit.īy drastically improving the training and support that is available to women-owned business to access and utilise technology we will allow these businesses to grow and succeed. Women are significantly more likely to say they want to use more digital tools but don’t know what is best for their business and also more concerned about the security of digital tools. And yet there are barriers that prevent business owners accessing this technology. With new technology comes new ways to pay, create, and work. But when we look at the rise in technology businesses during the pandemic, we can plainly see an alternative source of support critical for business growth: digital tools.Ī third of female business owners say new technologies will be crucial to the success of their business in the future and one in five say it is the most important thing for business growth. There are clearly societal issues at play that need to be resolved. With female owned businesses collectively estimating revenue growth of £120 billion over the next five years, solving this problem is bigger than supporting women – it’s about supporting the national economy. Without financial support, and when juggling significant time pressures both at home and at work, how can women grow their companies and #BreaktheBias (as this year’s International Women’s Day termed it)? What tools or support can save them time and money, and give them the headspace they need to focus on building their business? According to Dealroom, all-women founding teams received just 1.4% of the €23.7bn invested into UK start-ups in 2021, while all-male leadership teams have taken almost 90% of the available capital. It's also widely known that female business owners are still more likely to struggle to access funding for their business ideas. In addition, women were less likely to have access to a home office, greatly impacting the work they were able to accomplish when working from home was the only option. In the UK, women are almost three times more likely to be balancing care and home commitments than men, and this was exacerbated during the pandemic as the additional barriers of school closures and lockdowns meant that the care time of dependents rose significantly on a day-to-day level for women. Yet, there are common challenges that women founders continue to come up against - not least the gender imbalance in the household and long-held biases which are still prevalent. Have you got something to say about this subject? Submit a post here and start the conversation. "When one door is closed, don't you know that many more are open." "You never know how strong you are until being strong is your only choice." 14. Let's get together and feel all right."ġ2. Cause it's a new day…"īob marley GIF Giphy 11. "The mind replays what the heart can't delete." 10. "Truth is the light, so you never give up the fight." 8. "One good thing about music, when it hits you, you feel no pain." 7. "The day you stop racing is the day you win the race."īob Marley standing beside woman during daytimeĦ. "My music fights against the system that teaches to live and die." 5. "Don't worry about a thing every little thing is gonna be alright."ģ.
"Don't gain the world and lose your soul wisdom is better than silver or gold." 2.
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