Society Hinders The Growth Of Women Entrepreneurs: Report
Hessa also added that, “Obstacles facing women are related, to a great extent, to organizational procedures associated with the guardian, [business] manager and the social status of the woman and her access to mobility without the approval of the husband [or the guardian].”
In fact, the report states that, the high percentage of unemployment among Saudi women implies there’s “great potential to grab any opportunity and start their own business.” As per the 2012 labor force survey, the unemployment rate among females reached 34 percent compared with 6.9 percent among males whereas nearly 70 percent of educated Saudi women completed their bachelor’s degree. Besides their assets, Saudi women’s cash fortunes are estimated to be at $11 billion.
Current obstacles faced by women entrepreneurs include restricted access to government services, the requirement for a male manager, restricted licensing options and lack of support services. Besides, the report also states that women entrepreneurs lack essential competencies and capacities for successful entrepreneurship which includes lack of self-confidence, reluctance to face tangible risks and lack of self-reliance and self-sufficiency.
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