Women are the largest untapped reservoir of talent in the world.
HILARY CLINTON
Entrepreneurship is an area that is dominated by men. According to U S Census Bureau, more than 75% of business are made and with such high numbers it is easy to assume that men are more successful in owning and running business than women. But this is not slightly true. Analysis, reveals though men might be starting and running more businesses, their venues in job creation rates lag behind their women peers. In addition, there is more effectiveness in women entrepreneurs and they have a larger appetite for growth.
According to the one of the data from US Census Bureau, Dow Jones, the Harvard Business Review and others to compare the success of women entrepreneurs to their male counterparts are analysis combined 10 private and public studies and determined it. When you look at the statistics, the women outperformed the men. There are of course many ways to evaluate the success of the entrepreneurs individually and in groups, but here are five data based areas in which women can be considered better than men.
5 Reasons Why Women entrepreneurs are more successful than men?
1. Women owned firms generate higher revenues, while male old business have higher survival rates.
It is well documented that male owned business out survive female owned business firms. In fact, business owned by men have a 75% three years survival rate compared to 69% for women owned companies. But survival rate is not necessarily the true measure of success is entrepreneurship as owner closed their businesses for a variety of reasons that don’t necessarily mean failure.
Some might voluntarily do it because they have sold the business, or some have managed to achieve their business goals and decided to close up the shop. Other may close their doors because they wish to pursue a new lifestyle, and then there are some just retire in the terms of generating. Growing a company, at least one major finds that women actually do better than men. Women, social entrepreneurs form focus on women’s entrepreneurship, analyzed the growth trends are male and female loads, and found that the business owned by women saw a 72.3% growth, male owned firms, on the other hand, grew by 45.1% over the same time.
Leader’s Tip
Create welcoming and supportive communities where women may fully participate and advance the mission.
2. They are better at collaborating.
Women are more empathetic comparison to men, and because of this, they are able to pick up the some nonverbal cues. This help them understand, needs and wants of the team. Successful companies can not be make by a single person. It is a product of collaboration and teamwork. But for them to collaborate, they need empathy. Sometimes the male ego does not allow them to collaborate with the other people. But yes, this is another reason why women make better entrepreneurs than men. Women are likely to see other people in their team as an actual people rather than machines they consider each others people feeling and use them in creating better strategy.
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3. Women entrepreneurs are more resilient
Women are no strangers when it comes to discrimination in the business world. As we know, in our society, women are always discriminated and always given the unfair treatment, the less opportunities, lower wages in the work area, and so on. But instead of letting these things them down, they take it a reason to do better and succeed than men. Both men and women entrepreneurs encountered discrimination at some point of time in their lives in different ways, but unfortunately women experience it more than often. But instead of pulling it down, they learn how to overcome it. These experiences taught women how to be resilient.
Leader’s Tip
Create a specialised network of mentors, contacts, and resources for female business owners.
4. Women tend to take calculated risk
Women and men entrepreneurs are both wrists tapers. However, research shows that women are more ready to take risk compared to win for them. Riskin isn’t another opportunity. No doubt. Women in our society knows what it takes to grab a opportunity. Also they like to make sure that the risks they take will produce great results so they assess the situation first when they take into account and waive the advantage and disadvantage they know better than to bet all their money on something too risky.
- Women are fair negotiators
Without a doubt, I find women much more better at negotiation than men. Usually women don’t try to win of negotiation because this implies that someone has to lose. They tend to go. Into a negotiation with a win, win attitude. To me, negotiation with women are always tough but fair. The way the negotiation should be.
No time is changing. Women are taking the charge, completing the with men ,shining in this tough world, there are many inspiring women entrepreneurs which are inspiration for all the young ladies out there who are dreaming of becoming an entrepreneur.
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FAQs
Why are women entrepreneurs more successful?
Female owned firms generate higher revenues, while male old business have higher survival rates. They are better at collaborating. Women tend to take calculated risk. Women are fair negotiators
Why do women succeed in business?
Without a doubt, I find women much more better at negotiation than men. Usually women don’t try to win of negotiation because this implies that someone has to lose. They tend to go. Into a negotiation with a win, win attitude. To me, negotiation with women are always tough but fair. The way the negotiation should be.
Key Takeaways
- Women typically bring different viewpoints, empathy, and cooperation abilities to the table to help solve problems and spark new ideas.
- Female business owners, in spite of facing discrimination on the basis of their gender and the pressure to conform to conventional norms, demonstrate resilience and tenacity.
- Success is more likely for women because of access to networks and support: women-specific programmes, incubators, and communities provide guidance, money, and opportunity to share knowledge.