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WOMEN ’S ENTREPRENEURSHIP IN SERBIA . Workshop on Enhancing Women’s Entrepreneurship in SEE Sarajevo, 1 st October 2009 The Women’s Entrepreneurship Academy. WOMEN ’S ENTREPRENEURSHIP IN SERBIA . Female entrepreneurship advanced in the post – communist period

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women s entrepreneurship in serbia

WOMEN’S ENTREPRENEURSHIP IN SERBIA

Workshop on Enhancing Women’s Entrepreneurship in SEE

Sarajevo, 1st October 2009

The Women’s Entrepreneurship Academy

women s entrepreneurship in serbia2
WOMEN’S ENTREPRENEURSHIP IN SERBIA
  • Female entrepreneurship advanced in the post – communist period
  • Entrepreneurship as a way of life
  • 20% SMEs (16.000) registered by women (official data)
  • Only 6.700 SMEs own and managed by women (real picture)
  • 88% micro business
  • 10 % of small enterprises
  • 2% of medium sized companies
  • 0,5% of large sized business units
the women s entrepreneurship academy
THE WOMEN’S ENTREPRENEURSHIP ACADEMY
  • Non – governmental organization, actively working in the area of economic empowerment of women since 2006
  • Developed training program for female entrepreneurs in business management, marketing, finances, motivation and personal capacity building called “Step by step to your business”
  • Assisting local governments in Vojvodina in fostering women’s entrepreneurship in their communities (e.g. Business Incubator in Backi Petrovac 2009)
  • Model of the Academy implemented within Bihac Chamber of Commerce in 2007
  • Co-author of the program of guarantees of the Guarantee fund of the Autonomous Province of Vojvodina
  • Initiated establishing the women’s entrepreneurship section within Serbian Chamber of Commerce in 2006
profile of successful women s entrepreneur in serbia
PROFILE OF SUCCESSFUL WOMEN’S ENTREPRENEUR IN SERBIA
  • Mini five years of experience in business
  • Higher level of education
  • Married with two children
  • earlier employed in state/ public company
  • Motive for starting own business:
    • Better living conditions
    • Independence and freedom
  • Services, retail
  • Initial capital: savings, financial support from family members, friends
  • Competence – key aspect when starting business
  • Dedicated to work, min 12 hours at work
  • Aactive search for new information
  • Satisfied with incomes although could be more
  • Success in business depends on work, persistence and personal involvement
  • Successful female entrepreneur is recognized by close environment
women s entrepreneurs personal and professional characteristics
WOMEN’S ENTREPRENEURS – PERSONAL AND PROFESSIONAL CHARACTERISTICS
  • Qualification
    • Highly qualified women with university degree or higher education (50% of respondents)
  • Age
    • Older (39 – 49 years old) so called “new women’s entrepreneurs
    • Younger (38 years old and younger) from families with tradition in entrepreneurship
  • Type of business
    • traditional female jobs (retail, services, booking and financial services, foreign language schools etc)
  • Size of business
    • Small, low profitable business (bakery, meet processing, production of cement, sugar stick packaging, car wash services etc.)
women s entrepreneurs motives for starting a business
WOMEN’S ENTREPRENEURS – MOTIVES FOR STARTING A BUSINESS

To earn money, to support their families

To prove their own abilities, to have independence and freedom in decision - making, in choosing collaborators,

To harmonize work and family commitments

more easily

women s entrepreneurs key business obstacle
WOMEN’S ENTREPRENEURS – KEY BUSINESS OBSTACLE
  • family responsibilities
  • lack of initial capital
  • stereotypes in attitude of local community
  • lack of courage to enlarge existing businesses
  • access to information on loans and other forms of support for entrepreneurs
exchange of experience
EXCHANGE OF EXPERIENCE
  • REGIONAL NETWORKING
    • First International Conference of Women in Business – “Business Powered by Women”, held in Novi Sad, in June 2007
  • ACCESS TO FINANCING
    • Guarantee fund of the Autonomous Province of Vojvodina
  • CAPACITY BUILDING
    • The Women’s Entrepreneurship Academy