Post
Topic
Board Economics
Re: Entrepreneurship and women
by
Fortify
on 17/09/2023, 11:40:07 UTC
I want to start a discussion highlighting some points I read online regarding women as compared to men in entrepreneurship and the chance of success.

Quote

Men and women do not prepare for the launch of their business in the same way. The number one preparatory activity for women is specific training (43.3% versus 31.8% for men). Men are looking for potential clients (45.8%) and writing a business plan (42.5% versus 34.6% for women).

Market research is carried out by about 1/3 of men and 1/4 of women.

Women entrepreneurs are much less experienced than their male counterparts: 37.5% have less than 3 years of experience versus 25.7% of men.

82.5% of women start businesses alone (compared to 69.8% of men)

Men consider that they are more entrepreneurial than women (84.7% of men against 72% of women)

Men have much more confidence in the future than women (48.2% of women vs. 64.7% of men)

Men are clearly more confident in the success of their company than women: 72.4% versus 65.3

There are far more unemployed women than men among entrepreneurs: 25.9% versus 16.9

Women are 3 times less likely than men to have already tried the adventure of creating a business: only 5.3% of women had already created a business against 18.4% of men

As a result of the difficult economic times, do you consider that there will be more women entrepreneurs competing with men in this field which it so looks like they currently dominate?

Until the advent of the internet you could argue that women's ability to compete in the workplace has been stifled a lot. If they choose to have children, they are the one who has their career interrupted through the pregnancy period and traditionally (less so now) have been the person who stays at home during the first year or two of the babies life to look after it. This can often happen during the peak of their earning potential as well, so it makes it even more difficult to plan over the long term. There has also been a pay gap, even for the same roles, in the past which was not deserved. This meant they often had to be much more resourceful with their cash and had more limited means to launch new projects. Hopefully the age of the internet continues leveling the playing field.