{"id":99434,"date":"2024-10-10T11:47:05","date_gmt":"2024-10-10T09:47:05","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/90-of-women-business-start-ups-fail-in-first-10-years"},"modified":"2024-10-10T13:50:06","modified_gmt":"2024-10-10T11:50:06","slug":"90-of-women-business-start-ups-fail-in-first-10-years","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/90-of-women-business-start-ups-fail-in-first-10-years","title":{"rendered":"\u201890% of women business start-ups fail in first 10 years\u2019"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>APPROXIMATELY 90% of business start-ups fail globally within their first 10 years, with the majority of them owned by female entrepreneurs, a leading business strategist has said.<\/p>\n

Entrepreneur and business strategist Tatiana Ellis revealed the alarming statistics surrounding business sustainability, particularly for female entrepreneurs at the Atlantic Council Conference two-day event which began in Harare yesterday.<\/p>\n

The conference seeks to empower emerging women business leaders and enhancing their economic participation in Zimbabwe.<\/p>\n

In her address, Ellis said the business life cycle was made up of four critical stages: Start-up, growth, maturity and decline or renewal.<\/p>\n

\u201cThe start-up phase, which lasts from zero to two years, is characterised by high uncertainty and limited resources, making it a challenging period for new entrepreneurs,\u201d she said.<\/p>\n

\u201cFollowing this, the growth stage presents opportunities for rapid expansion, but also increases competition. Understanding these stages is crucial for any entrepreneur looking to build a sustainable business. Survival in the start-up phase is essential as it lays the groundwork for future growth.\u201d<\/p>\n

Ellis further indicated that 10% of the businesses in Africa failed within the first five years, with only 20% making it to the five-year mark.<\/p>\n

\u201cBy the 10-year mark, around 90% of start-ups in Africa would have failed, a trend that disproportionately affects women entrepreneurs,\u201d she said.<\/p>\n

Ellis called on businesswomen to document their strategies and learn from these sobering statistics.<\/p>\n

\u201cAwareness of the business life cycle and the challenges it presents is vital for anyone looking to succeed in today’s competitive market,\u201d she said.<\/p>\n

Meanwhile, Women Affairs, Community, Small and Medium Enterprises Development minister Monica Mutsvangwa called for collective action to make the rights enshrined in the Constitution a reality.<\/p>\n

She also outlined her ministry\u2019s commitment to implementing various programmes targeting women\u2019s empowerment, including financial inclusion, access to markets and rural industrialisation calling on financial institutions to collaborate with government to support women entrepreneurs.<\/p>\n

For More News And Analysis About Zimbabwe Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. APPROXIMATELY 90% of business start-ups fail globally within their first 10 years, with the majority of them owned by female entrepreneurs, a leading business strategist has said. Entrepreneur and business strategist Tatiana Ellis revealed the alarming statistics surrounding business sustainability, particularly for female entrepreneurs at the Atlantic Council Conference two-day event which […]<\/p>\n","protected":false},"author":84,"featured_media":99433,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[19],"class_list":{"0":"post-99434","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-community","9":"tag-zimbabwe"},"yoast_head":"\n\u201890% of women business start-ups fail in first 10 years\u2019 - zimbabwe<\/title>\n<meta name=\"description\" content=\"APPROXIMATELY 90% of business start-ups fail globally within their first 10 years, with the majority of them owned by fe ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/90-of-women-business-start-ups-fail-in-first-10-years\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201890% of women business start-ups fail in first 10 years\u2019\" \/>\n<meta property=\"og:description\" content=\"APPROXIMATELY 90% of business start-ups fail globally within their first 10 years, with the majority of them owned by fe ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/90-of-women-business-start-ups-fail-in-first-10-years\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-10T09:47:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-10T11:50:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/10\/sm_1728548386.021836.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"405\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/90-of-women-business-start-ups-fail-in-first-10-years\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/90-of-women-business-start-ups-fail-in-first-10-years\",\"name\":\"\u201890% of women business start-ups fail in first 10 years\u2019 - 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