Women starting up a business on the rise

Wednesday 8 March, 2017 | By: Darrell Giles | Tags: start-ups, women in business, International Women's Day

Technology and a rejection of the corporate world are behind the growing number of women starting their own businesses.

Chamber of Commerce and Industry Queensland (CCIQ) Policy Advisor Catherine Pham said one in three (34 per cent) of business operators are women and their numbers are rising.

“There has been a 46 per cent increase in the number of women business operators over the past two decades, almost twice that of men,” Ms Pham said.

“This is something that Australia can be proud of, and certainly something to celebrate going into Queensland Women’s Week.

“Innovation and technology have meant more women than ever are in a position to go into business on their own, from home, without the need for bricks-and-mortar office and huge capital investment.

“While there are a number of factors at play, a large contributor to women progressing in the workplace is they fact that we can readily take part in the global supply chain at the click of a button.

“This opportunity has made it easy for women to build new businesses and pursue their financial independence.

“But despite these promising figures, the number of women as business operators or in managerial roles remains far too low.”

Ms Pham said workforce participation in Australia was less than 60 per cent for women, compared with more than 70 per cent for men despite the fact that women graduate and progress into tertiary education in larger numbers.

“Gender inequality in the workplace often rears its ugly when it comes to earnings, family responsibilities, getting promoted and in many other instances,” she said.

“With the national gender pay gap steeply rising since 2004 and now sitting at 17.3 per cent, it is no surprise that women are rejecting the corporate world and choosing to go out on their own.

“Queensland can and must do better. Our economy cannot perform at its full potential so long as our workplaces remain places where women don’t get a fair go.

“Increasing female participation in the workforce by just six per cent is estimated to increase the size of the Australian economy by about $25 billion a year according to recent analysis.”



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