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Why do they remain so far behind in entrepreneurship? Women-owned firms have made great strides in recent years. The U.

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S firms launched in and tracked over an 8-year period. In light of that, our task is not only to identify these challenges but also to de strategies for minimizing or eliminating them.

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The percentage of women in the workforce during the prime working years of womrn to 54 was even higher, at These fields are important, because they are a source of entrepreneurial initiatives in key industries like computer science, technology, and bioscience. A final rule for the program was not issued until —10 years later. In spite of these gains, women are still underrepresented at the most senior management levels.

Vishal K. Manolova, L. Census Bureau.

Chao C. Research has shown that female students perceived the task of launching a firm to be more difficult, less rewarding, and, thus, less desirable than men That question sets the stage for our discussion of the five challenges faced by women entrepreneurs. Hao Zhao, Scott E.

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Women-owned firms have made great strides in recent years. To illustrate this point, recent research indicates that women entrepreneurs are just as likely to be approved for bank loans as men. In response to these findings, wo,en growing of organizations and programs, including Springboard Enterprises and Astia have emerged to help women entrepreneurs acquire the skills, confidence, and access to networks that they challfnge to raise external capital.

Several of these ventures, as well as our own Next Wave Ventures, founded by Alicia, also focus on identifying and developing women with the desire and financial means to become angel investors.

There is some evidence that companies are taking steps to narrow the gender gap, given that Catalyst also found that Rivchun, and D. Social capital refers to the people you know and the groups or organizations you are a part of.

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About the Authors Dr. Fortunately, more recent case studies feature greater diversity, although male entrepreneurs or all male entrepreneurial teams still predominate. Small Business Administration Brush, F.

Turban, S. Who are our entrepreneurial role models and icons Ant entrepreneurial success? According to the National Center for Education Statistics, women were awarded Thus, women are not only customers, but also investors and stockholders.

In spite of these educational accomplishments, women and men tend to focus on different fields of study. Early stage firms are housed within the incubator for a period of time, usually ranging from one to five years.

Frances M. Similarly, increasing the of women investors will unharness some of the wealth held by women in the United States and allow those Anny to take a more active role in how it is invested.

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Liljenquist, and Margaret A. She is the Founder and CEO of Next Wave Ventures, which has launched two angel funds and training programs in the United States wkmen Europe that are focused on bringing more women into angel investing. Gupta, Daniel B. Nevertheless, we see The Next Wave as a celebration of what determined women entrepreneurs can achieve.

Conversely, if you are a successful woman entrepreneur, pay it forward by mentoring those who are inspired by your example. In light of these benefits, if you are an aspiring woman entrepreneur, find a mentor or mentors who have launched successful firms and know the ropes.

For now, however, these statistics reveal that we still have work to do in terms of removing the structural AAny cultural impediments that discourage girls and women from pursuing these fields and the careers that emerge from them. Why are role models so important? In other words, women who aspire to entrepreneurship need to develop their financial literacy and skills in order to protect their own best interests and those of their firm.

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