There's a multi-billion-dollar, maybe even trillion-dollar, opportunity brewing in the wealth management industry, especially in Asiaand it all comes back to women. New research released by HSBC Private Bank last week asserts that female entrepreneurs in Asia are more likely to become successful, compared to their Western counterparts. Nick Levitt, head of the Global Solutions Group at HSBC Private Bank, said in an interview that the bank is already using the data to build programs that better support entrepreneurs with the challenges that they face, including a lack of liquidity, since the net worth is often tied to startups.
Here are five wonder women who share the struggles and lessons they learned on their way to the top. For 20 years, Indoguna Singapore has been the forefront of the food and beverage industry. It has dedicated itself to sourcing the finest food and wine the world has to offer.
It makes sense: starting your own business is an excellent way of levelling the playing field, sidestepping ingrained institutional prejudices than could blight your career in the traditional business world. Moreover, the overwhelmingly youthful nature of the startup scene means it tends to be populated by people from a generation with fewer stereotypical ideas about gender roles than their forebears. From creative technologists to fashion designers to environmentalists, here are 10 female entrepreneurs you need to know from the Gen.
Asia is referred to as the powerhouse of growth in the modern-day global economy. In the last few years, the continent has witnessed a robust economic growth, driven by market-focused economic reforms favouring entrepreneurship. With an increasingly significant role of women in the current political and socio-economic scenario and higher regard for and legitimacy of them pursuing business activities, there has been an exponential growth in the number of female entrepreneurs. This signifies the phenomenal growth that has recently been observed in female entrepreneurship, with more and more women pursuing their career in this direction.
So far, has been a year of activism for women. The MeToo movement included women in nearly every industry exposing workplace sexism and harassment. Equal pay has taken a front seat, too, with major court rulings aiding efforts to close the gender pay gap.
Female leadership of tech companies could also be critical to delivering the Sustainable Development Goals. Working in venture capital, I found I was often the only woman in the room, and that did not feel good. Ethical Corporation spoke to four Asian female founders of early-stage companies who have beaten those odds to develop businesses that use technology to address problems of inequity across a range of areas; in access to capital and healthcare, or in redressing the power imbalance between banks and consumers.
Being a creative entrepreneur requires special guts. Of course, people have always relied on their creativity to create a successful brand and wealth, but the modern creative entrepreneur goes a step further. She uses her creativity to unlock the wealth that lies within her, and uses that force to conquer uncharted territories.
Ready to talk legacy? Let us elevate your success into something more. But a growing number of women in the region are reshaping the business landscape as they rise to the top by forging their own entrepreneurial path, despite overwhelming obstacles.
Harvard Business Review publishes analysis by Boston Consulting Group on women-led businesses and the importance of networks in the global economy. Again and again we find that networks are a critical factor for small business success. In low- and middle-income countries, for example, we studied how knowin… Read more. The long-term goal o… Read more.