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Published 27 August 2012 06:02, Updated 28 August 2012 06:08
Business is booming for India’s entrepreneurial women, although their technology needs are becoming more complex and they reckon it’s important for company founders to hold down two jobs at least during the start-up phase.
That’s the finding of a Dell survey of India’s women entrepreneurs, conducted in April and first promoted in June at a Dell Women’s Entrepreneur Network event in New Dehli.
The survey also took a look at top sources of funding for women starting their own business, with the findings revealing that angel investors are among the easiest sources of start-up cash while banks and credit unions are among the toughest.
The top source of funding, according to 46 per cent of survey respondents, are personal savings. Other sources include:
The poor availability of credit was cited as one of the reasons why India was rated the worst country for entrepreneurs in Asia in a Gallup poll released in early August.
According to that survey, 46 per cent of Indians believe their government makes it difficult to start a business, while 80 per cent of people who plan to start a business in the near term believe corruption is widespread.