Emerging Europe’s new report is a testament to the tenacity of women entrepreneurs across the region and a roadmap for stakeholders to champion women’s entrepreneurship around the world.
A major new report from Emerging Europe, produced in partnership with the She’s Next Empowered by Visa initiative, reveals some key insights into women’s entrepreneurship in Eastern and South-Eastern Europe, Central Asia and the Caucasus region. I did.
This comprehensive study highlights the aspirations, hurdles, and successes of women entrepreneurs in these vibrant regions, highlighting the path forward toward greater economic inclusion and prosperity.
Central to this report is recognition of the strong entrepreneurial spirit of women. “Women want a better life, and their companies are a means to achieving this goal,” the report states, noting that financial independence, personal fulfillment and pursuing dreams motivate women to become entrepreneurs. He emphasizes that this is an important motivator for him to pursue this path.
This entrepreneurial spirit is further amplified by hard work, perseverance, and a positive outlook on future opportunities.
“This study examines women’s entrepreneurship in as much depth as possible, identifying all the potential impacts that can have an impact on women-founded businesses and start-ups in 11 countries in Eastern and South-Eastern Europe, Central Asia and the Caucasus region. “I wanted to understand these obstacles,” says Andrew Lobel. , Founding Partner of Emerging Europe.
“We also wanted to understand their specific needs and potential solutions that could empower them and help their businesses thrive and grow internationally.”
Progress in education as a catalyst for growth
The report, released this week, reveals a significant correlation between education level and the success rate of women entrepreneurs.
Research in emerging European countries highlights that education is an important means of expanding business, with those who reach higher levels of education more likely to lead successful ventures.
This finding highlights the important role of education in enabling women to break through the boundaries of entrepreneurship and achieve greater heights.
“Any woman can start a small business, but when it comes to scaling up, our research suggests that women entrepreneurs are more successful with higher levels of education,” says Lobel. Masu.
bridging the gender gap
The report also found that despite their optimism and resilience, women entrepreneurs continue to overcome conditions marred by gender discrimination, especially in male-dominated industries.
Cultural norms and societal expectations pose significant challenges in many countries, often preventing women from fully participating in the entrepreneurial ecosystem.
The report draws attention to persistent gender disparities and advocates targeted interventions to support and uplift women entrepreneurs.
Even in the face of these challenges, women entrepreneurs remain undaunted. Instead, they leverage strengths such as motivation, creative thinking, and a solid work ethic to carve a niche for themselves and their business.
Networking has emerged as an important strategy, allowing women to connect, share experiences, and foster opportunities to collaborate across geographic and cultural boundaries.
“Through motivation, hard work, self-discipline, persistence, creative thinking, risk-taking, self-confidence, continuous learning and valuable professional relationships, women never give up,” the report emphasizes.
This resilience, coupled with an inherently optimistic outlook, drives women entrepreneurs to explore new opportunities and markets even in the face of uncertainty.
path to empowerment
The She’s Next report reflects the current state of women entrepreneurship and serves as a call to action. We advocate increasing access to education, financial resources, and networking opportunities as essential elements to fostering more inclusive and equitable entrepreneurship.
A key part of this effort, the She’s Next digital community platform takes these efforts to empower women leaders and entrepreneurs to a new level.
“We thoroughly researched the real needs and struggles of businesswomen and created a space where businesswomen can find endless opportunities in one place,” said Christina, Senior Vice President and Group Country Manager for 17 Countries at Visa. Dross says.
By spotlighting the unique challenges and needs of women entrepreneurs, the initiative aims to promote gender equality and economic prosperity and inspire change in emerging regions.
Meanwhile, by highlighting the specific needs and challenges faced by women entrepreneurs, the initiative will set the stage for a more inclusive and fair entrepreneurship environment, while also setting the stage for a more inclusive and fair entrepreneurship environment, as well as providing support for the beleaguered countries of Eastern Europe, the Caucasus and Central Asia. It highlights the incredible tenacity of female entrepreneurs. many challenges.
One manager says: “If you send me into space tomorrow, no problem. I can develop a business from there.”
Photo by Becca Tapert on Unsplash.
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