Female Entrepreneurship In Local Development

Under the pressure of globalization, local communities around the world are looking for new strategies to facilitate local economic development, to reduce poverty and for social inclusion, through harnessing local resources, the creation of workplaces and of better life quality for men and women. In this context, programs to encourage and promote the entrepreneurial spirit in women considering that, on a global level, one third of new businesses are their creation, a significant part of SMEs, the primary source of new workplaces and of economic growth in a local community. In a competition where women continue to be confronted with more obstacles than men, measures must be taken to ensure the best possible context to support female entrepreneurship in such a way that local communities to fully benefit from their potential in creating workplaces, economic and social development on a local, national and European scale. The lack of confidence in creating their own businesses, difficulty in balancing professional and family life, inability to obtain the capital necessary for developing their business, difficulty in preparation and limited access to information are all problems that hinder initiative and the development of women's entrepreneurship. Female entrepreneurs are in need of recognition, from financers and business partners, logistical support and help in increasing managerial and leading capacity.