I spent my internship at Copenhagen Business centre, where I was an intern in a so called “Get started programme for women entrepreneurs” project. This projecti?? s main target group is the women who live in Copenhagen and have another ethnic background then Danish. Through the project I was able to see the different types of entrepreneurs and their dream of opening a business in Copenhagen. Copenhagen Business Centre would like to help all of these women to get a general knowledge about how to develop their ideas into business plans and how to start their business.
I choose to write about entrepreneurship, its history, culture and women entrepreneurs and their possibilities in Denmark. This project should help to understand entrepreneurship better and give an overview of the difficulties that the ethnic women came across during starting a business. The word entrepreneur has its origin in the French language. It refers to the organizer of musical or other entertainments. An entrepreneur is one who organizes, manages and assumes the risks of an enterprise. An enterprise visualizes a business, takes bold steps to establish under takings, coordinates the various factors of productions and gives it a start.
Entrepreneurs are the owners of the business who contribute the capital and bear the risk of uncertainties in life. Entrepreneur takes decision regarding what to produce, how to produce, where to produce and for whom to produce. He mobilizes other factors of production namely; land, Labour, capital, organization and initiates production process. She is responsible for both the profit and loss. Entrepreneurs have been around since the beginning of time. But the term was first introduced by a French economist by the name of Richard Cantillon in the 18th century.
Van Praag (2005) divides entrepreneurship concept into five different groups which are classical approach, neoclassical approach, Schumpeterian, Knightian, and neo-Austrian approach. Culture indeed does have an impact on entrepreneurial activity and some cultures encourage entrepreneurship while some other cultures hinder entrepreneurship, though it is argued that there are other factors to be considered like a favorable environment which combines social, political and educational attributes which promote entrepreneurial activity.
At present, on average, women make up 30% of the entrepreneurs in the EU. I am going to take a look at how women act across Europe in the business world. Women are increasingly represented in the labour market over the past generation. In senior management positions men are still dominating. The Europe’s Small Business Act – SBA calls for mentoring schemes to inspire women to launch their own start-ups and establish a network of female entrepreneur ‘ambassadors’. Women entrepreneurs and their businesses are a rapidly growing segment of the business population.
Female entrepreneurs have contributed to the development of a range of services and products. The percentage of female entrepreneurs in Europe and as well in Denmark still remains low. Researches are showing difficulties for female entrepreneurs to open a business. This is due to facts such as a poor business environment, information gaps, lack of contacts and access to networking, gender discrimination, weak childcare facilities, difficulties in reconciling business and family obligations.
Increasing the rate of new business creation by women is essential to stimulate innovation and employment in our economies. To achieve this, we need to develop entrepreneurship in all sectors: this is not only essential for the economy, but also good for the society. That’s why it is necessary to make information available for women and give them the support they need to start up and run their own businesses.