Q1 2020 | 27 More access to finance Access to finance can be vital to growing a business, and this is often a key issue and feels stacked against female entrepreneurs. Part of the problem is how few women are in the decision-making positions within VC firms. Considering women drive 70-80% of all consumer purchasing decisions, it’s even more surprising that 93% of VC’s making investment decisions are male! VC’s should work to improve their gender balance, and high earning women should consider angel investing. There are some brilliant angel groups such as Angel Academe focusing on female-run businesses and helping women become angel investors. Flexible and remote working Over the next few months, ways of working will shift unrecognizably on a global scale. This could be a game-changer for many businesses who will have to develop remote and flexible working. The cost analysis behind remote working is often debated; however, the broader benefits of working remotely are often missed. One profound and immediate impact on over half of the working-age population - is that it could play a crucial role in narrowing the gender gap in entrepreneurship.
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