Author ORCID Identifier

https://orcid.org/0000-0002-5401-4366

Document Type

Report

Disciplines

Business and Management.

Publication Details

Prepared by Professor Thomas M. Cooney On behalf of the WEgate Project.

COSME Programme of the European Union.

doi:10.21427/kmjk-e767

Abstract

We live in challenging economic times, the likes of which many of us will not have experienced in our business lives. Recovery from the Covid pandemic had started to improve the business climate, only for it to be dramatically interrupted by other economic and political troubles that have disturbed almost every aspect of business life. All entrepreneurs are affected, but the business problems endured by women entrepreneurs become more exaggerated because of the additional and distinctive challenges that they face. It is a noticeable trend that, once again, it is in industry sectors in which women entrepreneurs are particularly prevalent that have been most keenly affected by the latest crises. Sectors such as hospitality and recreation are customarily amongst the first to suffer, with reducing family disposable income negatively impacting turnover. Furthermore, labour, raw material and energy costs have spiralled, while disposable income has been squeezed to such an extent that purchasing power has dropped, affecting sales and cash flow.

DOI

https://doi.org/10.21427/kmjk-e767

Creative Commons License

Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License
This work is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 4.0 International License.

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