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Female Entrepreneurship in NZ

Female Entrepreneurship in NZ. Joan Baker jbaker@wealthcoaches.net. Some statistics…. Women work – comprise ½ of the labour force 60% of NZ women work outside home 12% of women are self-employed vs 22% of men More likely to have a post-school qualification (41% vs 35% for 20-29 yo)

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Female Entrepreneurship in NZ

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  1. Female Entrepreneurship in NZ Joan Baker jbaker@wealthcoaches.net

  2. Some statistics… • Women work – comprise ½ of the labour force • 60% of NZ women work outside home • 12% of women are self-employed vs 22% of men • More likely to have a post-school qualification (41% vs 35% for 20-29 yo) • 10% women are sole parents (21% Maori)

  3. Interesting aspects • Girls doing better at school and university • NZ has the highest women’s entrepreneurship rate in the developed world (12.1% in 2004) • But also has the biggest gap between men and women entrepreneurship – 37% of all entrepreneurs are female – and growing! • Start businesses at X2 rate of men • Stay in business longer than men • Lower failure rate than men • Entrepreneurship falls sharply between ages of 35 and 44 • Maori women are extremely entrepreneurial (6 times) • Entrepreneurship and education are highly correlated in NZ • Childcare was not the issue… • Push or pull?

  4. Role Models • Prime Minister – Helen Clarke • Governor General – Dame Silvia Cartwright • Chief Justice – Dame Sian Elias • Speaker of the House – Margaret Wilson • CEO largest company – Therese Gattung • NZ was the first country to give women the vote…

  5. Benefits • NZ needs a great deal more innovation and entrepreneurship • Women need financial independence • Women need higher incomes • Personal wellbeing benefits – esteem, confidence, independence…

  6. Policies • Ease of incorporation • Transparent taxation system (33% corporate rate, 12 ½ % GST) • GEM NZ Women based at Unitec but not funded by Government • ‘HerBusiness’ Annual awards • Business Women’s Network, Vibe, BA5, Yak, • Maori Women’s Network • BiZInfo, NZTE, targeted at all businesses • Paid maternity leave? • No tax breaks for childcare; no subsidies • Issues of SME sector rather than gender problems

  7. Areas to watch- Growth • 10 professional women • Relationship between self and client • Hard to grow as reluctant to share responsibility • Avoided diluting own skill base • Perfectionism and control issues

  8. Encouraging women • Growing confidence and courage • Resilience building • Perfectionism • Role conflict • Coaches and mentors • Professional help • Knowledge about finance and funding

  9. Women helping themselves… • Clear dream of ideal life • Set goals for financial freedom • Time childbearing with care! • Education – never stop! • Network • Coach/Mentor • Working smart as well as hard • Setting up better margin businesses • Recruitment savvy • Starting something scalable • Focusing on business growth • Getting funding/investors

  10. And looking after themselves • ‘Me’ time • Pass the tombstone test • Developing your multiple personality • Exercise and nutrition • Renewal time and resource • ‘Doing’ less and achieving more • Learning to say ‘No’! • Treats, celebration and reward

  11. Female Entrepreneurship in NZ Joan Baker jbaker@wealthcoaches.net

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