Interviews

Female Entrepreneurs Getting Stuff Done

Hello. My name is Jeremy Powers and this is a post about women entrepreneurs and (I’m saying this without any reverse sexism intended) why they’re more likely to succeed in business than their male counterparts.

Women Entrepreneurs

Fortunately, we live at the age where it’s no longer frowned upon for a woman to be an entrepreneur. And as statistics show, they are quite good at launching and running companies. The main reason for this is that while men see their business as just a job, a way to make money, women see it as a big part of their life, something they created, so they’re more careful with the business risks that they take. They’re careful from the very moment they unveil the idea, and their risks are much more calculated than those of male entrepreneurs, and therefore, fewer businesses run by women fail within the first year than businesses run by men.

Women also have an easier time concentrating on a single business, because they invest a lot more in it, whereas men tend to run multiple businesses at the same time, often without sufficient resources to do so. As I said above, businesses generally play different roles in the lives of men and women, and those different roles are directly influence their companies’ performance and success rates.

For example, statistics have shown that women take more time to consider setting up a company and weigh in the pros and cons of certain approaches to business than men. This is because women have said to be more afraid of failure than their male counterparts and were therefore willing to spend more time and money on being properly prepared just in case. They also put in the effort to avoid the pitfalls that most start-ups fall into during the first year. In the past two years, only 11 per cent of female-owned businesses failed, compared to 17 per cent of companies owned by male entrepreneurs.

Women are also generally believed to have a more sensible approach to running a company. This has been confirmed by the statistics that show that companies ran by female entrepreneurs have an easier time with maintaining a stable and consistent track record. This fact makes them more attractive to investors and buyers, although some of them prefer to see some risks that had paid off – something that’s more likely to occur in a company run by a man. That’s not to say, however, that women are completely averse to taking risks – they just spend more time on considering them because to them, their business is more than just a way to make money.

Problem on Sexism

However, female entrepreneurs in the UK are unfortunately not exempt from facing sexism on a daily basis that can sometimes prevent them from achieving their fullest potential. For example, they are quite often faced with backlash from conservative sexist male entrepreneurs who’re used to their “Gentlemen’s Clubs” ways, so to speak. Social media unfortunately makes it easier for them to target women, particularly women entrepreneurs.

Nevertheless, most female business owners know how to handle this kind of backlash. In fact, some have even reported that it had made them more cautious when it came to taking entrepreneurial risks and financing. Successful overcoming of obstacles caused by unfortunate sexism had given them some experience to rely on in the future and taught them how to deal with a particular kind of people who distrust women entrepreneurs.

I do hope that in a few years, sexist attitudes towards female entrepreneurs would disappear completely and women would have equal opportunities for launching and running their own companies. Currently, however, the societal attitudes leave a lot to be desired, and while I’ve mentioned that women can overcome them and be amazing entrepreneurs despite them, I do wish that they didn’t have to.

Both male and female entrepreneurs have their strengths and weaknesses when it comes to running a company, and it goes without saying that both groups are equally capable of doing so. When it comes to businesswomen, however, statistics speak for themselves.

 

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