The Issue
Challenges Women Face Today
· No Work-Life Balance
· Loss of Financial Independence
· Lack of Career Fulfillment
· Low Fertility Rate
Women today are smart, educated and talented, and want to have a fulfilling career. But family is equally, if not more, important. Achieving work-life balance is a struggle for many. Single mothers are a particular subset of women who face significant challenges as the primary caregiver and breadwinner for their families.
Today’s career women are continually challenged by the demands of full-time work. The majorities are working 40- 45 hour weeks, and almost every working mother wishes they had more time to spend with their children. On the other hand, mothers who make a decision to leave the workforce face the challenges of a drop in household income alongside rising costs of living, and sometimes a sense of loss of self-fulfillment or identity in giving up their careers.
Those who want to want to return to work when their children are older face difficulties in doing so. Meanwhile, the economy loses the contribution of many capable, highly-educated women. Due to these considerations, mothers-to-be often choose to delay starting a family. Singapore’s low Total Fertility Rate (TFR) is recognized as a top concern for Singapore’s future. Despite several incentive programs, married couples seem reluctant to procreate or to have more than two children.
The Solutions
· CRIB values the ability of women to make the best choices for themselves and their families.
· For some women, becoming an entrepreneur may be the answer to achieving the perfect balance between family and career.
· Being a business owner offers women an opportunity to achieve work-life balance.
· This doesn’t mean working less hard or being less productive, it’s about having the flexibility to make family a priority.
How We Do It
Crib Society
Our business community of like-minded, experienced women entrepreneurs creates the opportunity to exchange ideas and find inspiration and support from other successful women.
Crib Match
Our matchmaking programme allows entrepreneurs to find complementary partners to launch a business.
Crib Incubator
Our business incubator programme will provide CRIB entrepreneurs with invaluable mentorship from industry leaders, access to funding and a trusted network of resources to create successful, viable businesses.
Result
Women entrepreneurs in supportive business partnerships are able to have a career while still having control over time and choices.
Positive Social Impacts
New Exciting Business
Exciting and viable new businesses come into existence, including innovative social enterprises.
Return of Latent Workforce to Economy
Together with the return of the latent workforce to the economy, including mid-career professionals, women are able to make a significant contribution to society.
Higher Fertility Rate
Eventually these women entrepreneurs create jobs that provide work-life balance to their employees, contributing to a societal mindset shift that will spread to the corporate world as well. All this, we hope, will lead to more babies!
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