Removing Barriers for Women in Small Business

The Australian Chamber of Commerce and Industry’s (ACCI) new "Balancing Act" report urges governments to overhaul tax, workplace, and regulatory settings to better enable women entrepreneurs, who are central to the nation’s small business ecosystem and economic growth.

Unveiled at ACCI’s Women in Small Business Summit, the report shines a light on the significant regulatory, financial, and structural challenges impeding women’s ability to start, own, and expand their businesses nationwide.

The Victorian Chamber of Commerce and Industry’s recent findings further emphasise both the increasing prominence of women in small business and the persistent hurdles they face at every stage of their entrepreneurial journey.

Women business owners are often confronted with more obstacles than their male peers, including limited access to capital, slimmer margins, and more complex compliance requirements, making it harder to launch and grow successful ventures.

Cultural challenges also persist. Many women describe the ongoing need to prove their credibility, especially in male-dominated sectors, all while balancing professional responsibilities with family and caregiving duties.

While small business ownership can offer women valuable flexibility and opportunities for leadership, these benefits often come with personal sacrifices such as longer working hours and greater financial risk.

Unlocking the full economic contribution of women in small businesses demands targeted action. Expanding access to funding and networks, streamlining regulatory processes, and challenging entrenched stereotypes are essential steps not only for advancing gender parity but for bolstering Australia’s broader economic prosperity.