Women are currently facing “really really challenging” barriers while running a business says Intuit Quickbooks Australia Head of Accounting Shaye Thyer.
The lack of knowledge of financial literacy and concerns about understanding the economy such as “cashflow” and “payment types” for businesses have become barriers people face when operating a business Ms Thyer says.
“Aussie women, we actually now have the second highest gender financial literacy gap in the G20 countries,” Ms Thyer told Sky News Australia. “We are always concerned about any barriers and any challenges women have that surround their participation in the economy … 1 in 2 new small businesses are being started by women or being led by women.
“Most people men or women that go into small businesses … they go into business because they are passionate about something or they have an opportunity to do something with their day job they are really excited about. “We really need to understand, especially as women, what our exposure to financial risk is, if we ever, for example go on to partner or take time out to have children … there’s some really serious financial implications of a bunch of these decisions, that especially young women need to be empowered to navigate with confidence.”
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