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Women make it happen
When it comes to starting their own businesses, women do make it happen.
Forty-one percent of entrepreneurs today are women, according to the recent Global Entrepreneurship Monitor (GEM) report on women's entrepreneurial activity released by The Center for Women's Leadership at Babson College.
"Our results suggest that employed women who know other entrepreneurs are the most likely to start a new business," says entrepreneurship professor Maria Minniti, one of the authors of the report.
The report found that if a woman believed she had the knowledge, skills and experience required to start a business, she was more likely to do so. Women with a strong fear of failure were less likely to start one.
As with men, whether their income is relatively high or low, most women starting businesses do it while they hold a job.
Women entrepreneurs tend to start businesses with known technology and in established markets. They may open a dry cleaner, for example, if there are profitable ones in the area, but would be less likely to open a first-ever venture, such as an Internet café when those were brand-new.
The study results underline the need for supporting the entrepreneurial efforts of women by providing training, financial support and positive role models.
And what do women want when it comes to running their own firms?
GEM's "Report on Women and Entrepreneurship" looks at women-owned businesses around the world.
The report recommends the U.S. promote entrepreneurship education among women and encourage more of them to pursue technical degrees.
The report also found that the Women's Business Ownership Act spurred funding for Women's Business Centers throughout the U.S., particularly targeting socially and economically disadvantaged women interested in starting their own businesses.
For information about the report, visit www.gemconsortium.org.
Courtesy of NAPSI
Forty-one percent of entrepreneurs today are women, according to the recent Global Entrepreneurship Monitor (GEM) report on women's entrepreneurial activity released by The Center for Women's Leadership at Babson College.
"Our results suggest that employed women who know other entrepreneurs are the most likely to start a new business," says entrepreneurship professor Maria Minniti, one of the authors of the report.
The report found that if a woman believed she had the knowledge, skills and experience required to start a business, she was more likely to do so. Women with a strong fear of failure were less likely to start one.
As with men, whether their income is relatively high or low, most women starting businesses do it while they hold a job.
Women entrepreneurs tend to start businesses with known technology and in established markets. They may open a dry cleaner, for example, if there are profitable ones in the area, but would be less likely to open a first-ever venture, such as an Internet café when those were brand-new.
The study results underline the need for supporting the entrepreneurial efforts of women by providing training, financial support and positive role models.
And what do women want when it comes to running their own firms?
GEM's "Report on Women and Entrepreneurship" looks at women-owned businesses around the world.
The report recommends the U.S. promote entrepreneurship education among women and encourage more of them to pursue technical degrees.
The report also found that the Women's Business Ownership Act spurred funding for Women's Business Centers throughout the U.S., particularly targeting socially and economically disadvantaged women interested in starting their own businesses.
For information about the report, visit www.gemconsortium.org.
Courtesy of NAPSI
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