India is a better place for Women Entrepreneurs…

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Indian women entrepreneurs are more confident about success than UK or USA.A study done by Dell shows that Women Entrepreneur in India expect 90 per cent growth in their business over period of five years compared to 24 per cent and 50 per cent growth in business expected by entrepreneur in the UK and the US respectively.

In the study, 450 women entrepreneur were introduced across India, the US and the UK by research firm Penn Schoen Berland found that Indian women entrepreneur are confident on their business growth compared to counterparts in the US and the UK.

An amazing fact is observed that “90% of the women entrepreneurs started their business while maintaining their day job.”
74 per cent Indian women entrepreneur said that their technology need is getting more complex compared to 45 per cent in the US and 51 per cent in the UK.Around 90 per cent of women entrepreneurs in India accepted that they are using technology to support day-to-day operations. However, this trend was low in women entrepreneur in the US and the UK at 80 per cent and 70 per cent respectively.

85% of women entrepreneurs said that their business has a positive social impact.
71% of the women entrepreneurs said that their business is very successful.
8 in 10 said that they are hiring.

Women entrepreneurs in India needs an average of $9,376 in start-up capital for business, compared to $8,060 required in the UK and $19,985 in the US, the study said.

Women entrepreneurs in India and the US find banks or credit unions as most difficult source for obtaining funds.

46% used Personnel Savings as initial source of funding.
43% took help from Family.
25% took help from Friends.
16% took help from colleagues.
and only 17% funded through VC firms.
(Multiple options were allowed while interviewing)

The study reveals that Family,Friends and Colleagues are the major source of funding.

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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