Trading Markets:
Men may be from Mars and women from Venus when it comes to relationships, but how about when it comes to entrepreneurship?
A recent report by the U.S. Small Business Administration looked at 685 businesses that started between 1998 and 1999. Although the study showed more similarities than differences between men and women, it indicated that women-owned businesses on average were lagging male-owned businesses on such factors as annual sales, employment growth, income and venture survival.
‘Usually men tend to be more risk-prone and women were more likely to have positive revenues and prefer lower-risk-to-return businesses. I think relationships are stronger with women-owned businesses and perhaps financial considerations are stronger with men,’ said Wendell Bailey, Kansas City-based regional advocate, Office of Advocacy, at the SBA. ‘Those are findings that I think the general public agrees with.’
The general public, perhaps, but not some local and national small-business experts.
‘There are comments about women not working as many hours, not making as much money, and they are simply looking for balance - true and not true,’ said Candy Whirley, co-author of Ordinary Women… Extraordinary Success and a Kansas City-based professional speaker.
‘Bottom line, women are looking for balance, what makes their heart sing, independence and what will bring enough money in the house to be comfortable. They are searching for fulfillment in their personal lives and in their professional lives. We want it all, and we are getting it.’
The SBA study included these findings here…
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Hi Crissy,
Over the years I have met many women in business and their approach is significantly different, and many are more successful than their male counterparts. There are also those that are not looking for a massive success, but enough to make a reasonable profit from their venture to give them the balance that they are looking for.
Best of luck to them too :o)
Have a great weekend ahead,
Take care,
Colin from Life