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Challenges Women Entrepreneurs Face (Wiki Page) (view source)
Revision as of 12:58, 10 June 2016
, 12:58, 10 June 2016no edit summary
=Work-life Balance=
Work-life balance is a challenge for many entrepreneurs regardless of their gender, but mothers who star businesses have dual responsibilities to their businesses and to their families.
===Mompreneurs===
Mompreneur is a neologism defined as a female business owner who is actively balancing the role of mom and the role of entrepreneur. Finding a way to balance the two is not easy.
=Efforts in Solving Overcoming the ProblemChallenge=
===From government===
Congress has focused on improving and expanding SBA-backed small business lending programs. Women are three to five times more likely to be approved for an SBA-backed loan than a traditional loan[http://www.microbiz.org/wp-content/uploads/2014/07/21st-Century-Barriers-to-Womens-Entrepreneurship.pdf]. Through the [https://www.sba.gov/about-sba/sba-initiatives/small-business-jobs-act-2010 Small Business Jobs Act], Congress increased the maximum SBA Microloan amount from $35,000 to $50,000, which has given women-owned businesses access to more credit to start and grow their businesses.
Goldman Sachs launched [http://www.goldmansachs.com/citizenship/10000women/news-and-events/10kw-progress-report/progress-report-full.pdf 10,000 Women] to provide women entrepreneurs around the world with business management education, mentoring and networking, and access to capital.
===From investorsInvestors===There are more women investors looking for women-led companies and supporting youong and less experienced women entrepreneurs.Here is a[http://blog.girltank.org/angel-investors-looking-for-women-entrepreneurs/ Listlist] of angel investors focus on supporting women entrepreneurship.
