How Women Entrepreneurs Can Start Business in Tamil Nadu


How Women Entrepreneurs Can Start Business in Tamil Nadu

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The global economic crisis has accelerated the need to create jobs for a wider range of people. Female entrepreneurship is an important solution, as women-owned firms make significant contributions to growth and poverty reduction worldwide. Yet, current labour trends and restrictive social barriers continue to hinder their participation. This moment of opportunity should be used to level the playing field for these high-impact, job-creating entrepreneurs.

With the right mindset and support, a woman can successfully start her own business and become the boss of her life. Women entrepreneurs are especially suited to starting small businesses, as they have a number of advantages over their male counterparts. In the United States, for example, full-time working women make 80% of what their male counterparts do. But if the current trend continues, it could take a century before women achieve pay equity with men.

Fortunately, there are many ways that ambitious "solopreneurs" and women entrepreneurs can start their own businesses. Many of these opportunities are low-risk and require a relatively small investment, such as a janitorial service or cleaning services for small businesses. Others are more risky, but offer the potential for higher returns, such as a restaurant or coffee shop.

The Indian state of Tamil Nadu, with its capital city Chennai, offers many opportunities for female entrepreneurs to start their own businesses. To support women, the state has established an exclusive entrepreneur fund that focuses on start-ups in fields such as climate tech, rural tech, and marine tech. The government also promotes the establishment of business incubators to increase women-led start-ups and start-ups that benefit rural communities.

 

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