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93 pct women entrepreneurs show strong financial discipline: Report

However, younger entrepreneurs, particularly those in the 21-30 age group, tend to seek support from their families or peer networks as they grow their businesses

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Image for representational purpose only. Photo Courtesy: istock

Image for representational purpose only. Photo Courtesy: istock

About 93 per cent of women entrepreneurs exhibit a strong financial discipline, actively managing their finances, keeping meticulous records, and ensuring timely payments, a new report said on Wednesday. 

Women entrepreneurs believe that financial awareness and smart decision-making are vital to the success of their businesses. According to the report by NeoGrowth, 81 per cent of women business owners operate independently, without relying on others. This trend is especially prominent among those over 40 years of age, who have built confidence over time.

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