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RECOMMENDATION

The following for the recommendation should be useful to policy-makers in


supporting female entrepreneurs during the entire life cycle of their business.

That was all activities relating to the promotion of female entrepreneurship and
women owned businesses are of societal and economic benefit to all, men must be
encouraged to be part of this debate and recognize the added value of promoting
women's activity as entrepreneurs. The relevant communications, networks and
training should include both genders and social protection should also ensure that
equal treatment is given to all in society.

To ensure the accessibility of entrepreneurship to all by making sure that education at


all levels removes gender stereotyping of entrepreneurs and by managing the
language and terms used to describe entrepreneurs. At the same time, to ensure that
support currently offered to entrepreneurs by universities and further education is
attractive and useful to young women, closing the gap between the numbers of young
men and young women starting businesses.

To promote traditional and non-traditional career paths for women of all ages in a
gender neutral manner. Europe has many highly qualified women with degrees, many
currently unemployed as a result of the crisis, who may not have considered owning
their own business as an option.

To create dedicated womens business centers offering essential business information,


networks, knowledge sharing, training and mentoring. These are absent in some EU
countries and often under-resourced within business associations and chambers of
commerce across the EU. However, these centers where dedicated resources are
applied can be highly effective in promoting female entrepreneurship. Many examples
of best practice can be found in Germany.

To ensure support and access to information, funds and resources in research, science
and technology for women who may wish to start their own company or develop their
research or innovations.
That financial institutions review the disclosure of information on lending in relation
to gender. There is research that shows that lending to women is low and often at
much higher interest rates than for men.

Taking women off the "female pages" and putting them on the business pages!
Research indicates that media coverage can significantly and positively influence
perceptions and attitudes towards female entrepreneurs. Increased media coverage of
successful female entrepreneurs as role models would have a measurable impact on
societal attitudes towards female entrepreneurship.

Increase the ability of women to participate in the labor force by ensuring the
availability of affordable child care and equal treatment in the work place. More
generally, improving the position of women in society and promoting
entrepreneurship generally will have benefits in terms of womens entrepreneurship.

Listen to the voice of women entrepreneurs. The creation of government offices of


womens business ownership is one way to facilitate this. Such offices could have
programme responsibilities such as providing womens business centers, organizing
information seminars and meetings and/or providing web-based information to
women who are already entrepreneurs and who have important insights into the
changes needed to improve womens entrepreneurship.

Incorporate a womens entrepreneurial dimension in the formation of all SME-related


policies. This can be done by ensuring that the impact on women's entrepreneurship is
taken into account at the design stage.

Promote the development of women entrepreneur networks. These are major sources
of knowledge about womens entrepreneurship and valuable tools for its development
and promotion. Co-operation and partnerships between national and international
networks can facilitate entrepreneurial endeavors by women in a global economy.

Periodically evaluate the impact of any SME-related policies on the success of


women-owned businesses and the extent to which such businesses take advantage of
them. The objective should be to identify ways to improve the effectiveness of those
that should be retained. Good practices that are identified in this way should be
disseminated and shared internationally.

Improve the factual and analytical underpinnings of our understanding of the role of
women entrepreneurs in the economy. This requires strengthening the statistical basis
for carrying out gender-related cross-country comparative analyses and longitudinal
studies of the impact of important developments and policies, especially over time.
REFERENCE

Madi Sharma, (2012). Opinion of the European Economic and Social Committee on
Female entrepreneurs specific policies to increase EU growth and employment.
European Economic and Social Committee, SOC/446 - CESE 1578/2012.

Saskia Vossenberg, (2013). Women Entrepreneurship Promotion in Developing


Countries: What explains the gender gap in entrepreneurship and how to close it?
Maastricht School of Management, Working Paper No. 2013/08.

Jacques Ascher, (2012). Female Entrepreneurship An Appropriate Response to


Gender Discrimination. Journal of Entrepreneurship, Management and Innovation
(JEMI), Volume 8, Issue 4, 2012: 97-114

Elsebeth Krogh, and Thomas Nikolaj Hansen (COWI Consult), Susanne Wendt and
Morten Elkjaer, (Danish Ministry of Foreign Affairs), (2009). Promoting Employment
for Women as a Strategy for Poverty Reduction. Promoting Pro-Poor Growth:
Employment-OECD 2009: 133-147.

OECD, 2004. Promoting Entrepreneurship And Innovative SMEs In A Global


Economy: Towards A More Responsible And Inclusive Globalization: OECD.

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