Although the last 20 months have been difficult for everyone, in the business world it’s been particularly tough for women. Sadly, the COVID-19 crisis has set women back decades. As today is National Women in Business Day we wanted to highlight some of the problems, and the solutions that females can look to for help.
When I hear that female founders have been the hardest hit due to the effects of COVID-19 and the UK’s numerous lockdowns, it pains me greatly, not least because, studies such as The Rose Review estimate that if women in the UK were founding businesses at similar rates as they are in other countries, about £200bn would be added to the UK economy!
It alarms me (and saddens me) that most women are suffering with general self-esteem issues. 79% of women admit to struggling in this area, according to our The WealthiHer Network 2020/21 report ‘The Changing Faces of Women’s Wealth’.
COVID-19 has materially impacted the way investors are looking at prospective companies to put their money into.
We at The WealthiHer Network have delved into the challenges facing female entrepreneurs in today’s society, the potential they create economically and socially, and the turnaround traits needed to drive recovery for all. Our fear is that without positive action, the path to recovery for female entrepreneurs is under threat… especially in a post COVID-19 society.
