Are Women Going to Run Global Business?

Melisa Marzett

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Over the course of many years, it was thought that men are uppermost in business. However, in the 80s a female business became a powerful economic force in the United States and Western European countries.

This movement is scientific and technological progress, and moves toward postindustrial society caused a structural change of economy and mushroom growth of service industries. Women built up a small business on the market for services: little snack bars, trade shops, mini-markets.

A Dress on the USA

According to the information of the Global Entrepreneurship Monitor, in 2015 women in the United States needed twice less money to run a business of their own while men needed on average $10,000. Donna Kelli, Babson University professor and research co-author noted that businesswomen are more energetic on the stage of a company start-up.

According to the United States Census Bureau, more than 50% of business women beginners had capital less than $10,000. Such women rely on family members twice as often starting a business. Ladies tend to build up a customer-oriented business, trade, and service enterprises.

Etsy online platform, having handmade goods for sale, announced that 86% of shop assistants on the resource are women whose average age is 39 years old. Population count statistics data confirms this: women begin to run a business of their own more often than not in the period between 35 and 44 years, while men are from 25 to 34 years of age.

Today the number of women engaged in professional and technical spheres is bigger than the number of men.

A Place in the Sun

In June 2016, Dell and IHS Research Company published a rating of the best cities for business women—The Dell Women Entrepreneur Cities Index. While drawing up the list, the authors pointed out which business criteria are the most important in one city or another.

For example in Stockholm, information technologies are valued, culture is valued in Toronto, it is worth it to place stakes on finances in New York, and to trust one's talent and creative side is valued in San Francisco.

Top 25 Cities for Business Women:

1. New York
2. San Francisco (Bay)
3. London
4. Stockholm
5. Singapore
6. Toronto
7. Washington
8. Sidney
9. Paris
10. Seattle
11. Munich
12. Austin
13. Beijing
14. Hong Kong
15. Таibei
16. Shanghai
17. Тоkyo
18. Меxico
19. San Paulo
20. Seoul
21. Milano
22. Deli
23. Johannesburg
24. Djakarta
25. Istanbul

The Reverse of the Medal

Oftentimes, women's low self-esteem prevents them from starting a business, let alone gender inequality, which in particular is common for patriarchal societies. Women are less likely to evaluate their abilities as enough for a business start-up.

Women more than men are afraid of failure. This trend is observed in psychologists conducted among students. Results of the tests of focus groups from Harvard and Massachusetts universities showed that men, as a rule, exaggerate their professional abilities while women underestimate them. It spirals into gender inequality, which keeps going to exist in the business area, which remains on an essential level even in developed countries. Change of ones own perception is the key to entrepreneurship torque.

Gates will Help Us

"Lean in!"—Sheryl Sandberg, Facebook operation director.

If you have decided on running a business of your own, the success of an enterprise is going to depend upon your belief in yourself before everything else. In addition, it is important to note that the stable economy of the country you live in matters. However today due to the Internet, the boundaries between countries are fuzzy.

Anyone can run a business online. For instance, you could sell items on Etsy, social networking websites, or open an online store on your own with an international or thematic domain name. But wait, there's more!

In May 2016, Bill and Melinda Gates' fund granted $80 million for studying gender inequality in the world.
Prospects are hopeful: preliminary calculations show that the growth of gender inequality in a professional sphere may increase income 20% per person by the year 2030.

Melisa Marzett strongly believes that running a business is not only about men. Women have worn trousers just as well for many years now, while men began using makeup and wearing heels . . . . but that is another story. Melisa is a writer (because women are talented and able to write, too) who works for Pen Essays assignment writing company, hoping to contribute and leave a large footprint in the sands of time.