Get All Access for $5/mo

Infographic: BOLD By Veuve Clicquot Women's Entrepreneurship Barometer 2023 49,000 male and female entrepreneurs and aspiring entrepreneurs from 25 countries were chosen to take part in this study.

By Entrepreneur Middle East Staff Edited by Aby Thomas

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Shutterstock

BOLD by Veuve Clicquot, an international program for female entrepreneurs by French beverage company Veuve Clicquot, has released a study on the current state of female entrepreneurship across 25 countries, including the UAE.

Titled BOLD by Veuve Clicquot Women's Entrepreneurship Barometer, the study puts a spotlight on some of the most common prejudices, as well as the mental and structural barriers that female entrepreneurs face.

Since the BOLD by Veuve Clicquot program's launch in 2019, this has been the first time the UAE has been included in the barometer study. 49,000 male and female entrepreneurs and aspiring entrepreneurs from 25 countries were chosen to take part in this study.

Source: BOLD by Veuve Clicquot

The findings of the research show a healthy balance of financial incomes between genders, and also pinpoints that female entrepreneurs now have a growing number of female role models to look up to in the country. However, when it comes to the challenges faced, one major finding was that negative perceptions on how women balance female entrepreneurship with family life still remain.

Among the key statistics the report shows, it is shown that 60% of women say that they avoid being in a situation where they could fail, while 29% of aspiring female entrepreneurs value entrepreneurship for its role in helping to develop their own values and beliefs. In a display of a promising shift in gender bias globally, BOLD by Veuve Clicquot Women's Entrepreneurship Barometer shows 50% of female and male respondents agreeing that women assess themselves to be just as professionally risk tolerant as men.

In a clear conclusion that female entrepreneurs are becoming increasingly confident in their roles, the study showed that only 22% of women feel undeserving of their professional position. However, 40% of aspiring female entrepreneurs still feel that building a business is riskier for women than for men, with 48% also believing that the risks of building a business outweigh the potential benefits. That said, 26% of budding female entrepreneurs expressed the value in being their own bosses, while 25% of women stated that being an entrepreneur was a good way to make money.

Related: Ones To Watch: Eight Women With Middle Eastern Roots Making Waves In Silicon Valley

Side Hustle

Top Secrets to Starting a 6-Figure Etsy Side Hustle That Earns Passive Income, According to 3 People Who Did It

Etsy remains a popular ecommerce platfrom for sellers — and can be incredibly lucrative for those who know how to use it.

Thought Leaders

Why Investing in Art and Creativity Is Crucial in Today's Economy

We need art and artists today more than ever, especially in this economy. Here's why.

Devices

6 Books Every Mobile-App Entrepreneur Must Read

With the mobile market continuing to gain momentum, more people are looking to get a piece of the pie. For those wanting to get a start in the world, here are a few books to get you started.

Growth Strategies

Follow The Leader: Mohamad Sami Ballout, CEO, AWJ

Mohamad Sami Ballout -the post- acquisition appointed CEO of AWJ- says that the Kitopi team decided to make it a point to respect the legacy and culture of the acquired organization from the outset.

Franchise

Is Franchising Right For You? Ask Yourself These 9 Questions to Find Out.

Before taking the leap into business ownership, consider these nine crucial factors.

Growth Strategies

Calling The Shots: Here's How (And Why) You Should Help Gen Z And Millennial Workers Be Their Own Bosses

We need to rethink how companies define roles themselves for a new generation and the future of work.