The Problems and Prospects of Women Entrepreneurs

Abstract

Women are one of the most relevant untapped resources if you talk about entrepreneurship. Female
entrepreneurship is gaining attention and importance in light of the evidence of the importance of new business
creation for economic growth and development. Entrepreneurship refers to the act of setting up a new business
so as to take advantages from new opportunities. Entrepreneurs are responsible for shaping the economy and
they help in creation of new wealth and new jobs by inventing new products, process and services. We all
understand that economic development of the today’s woman is crucial for economic development of any country
specially a country like India. The women today have emerged as a key player in economic development of the
nations. However this transformation of society is far from over and the women entrepreneurs not only face
difficulties while starting up an enterprise but also during the running phase. Globally, they have become a key
player in sustaining both social development and economic growth. There are a number of socio-economic
hurdles faced by the women while they attempt to venture into setting up and running their own enterprises. In
this paper, an attempt has been made to study the opportunities and challenges related with entrepreneurship that
the woman of our country faces in the present times.