It is true that there are increasingly more and more female-owned business ventures. However, there are still more men involved in the business and entrepreneurship game than women.
The question remains, though; who would be a better entrepreneur? Does the presence of men really implicitly make them better at starting up new ventures?
As the title of this article suggests, this is certainly not the case. On the contrary, we have compiled a list of factors pinpointing exactly why it is women who probably rule the world of startups. Read on below to find out what they are:
- They Run The Higher Management of Many Leading Organizations
According to statistics, while women are more likely to quit a venture when it starts to flag and they fail to reach their financial goals, men are more likely to dust themselves off and try again. This could be one reason why there are significantly more men owning businesses than women.
Gender bias is probably another reason why female-owned businesses attract less investment and thus perform weakly in comparison with male-owned businesses.
On a promising note for women, companies owned and run by females at the top management are statistically less likely to fail. The reasons leading to this fact are many which you will find in the rest of this article.
- They Have A Better Sense of Reality
It may be argued that women have a better sense of the potential risks than men which in turn help them in decision-making process. Additionally, studies and reports have also proved that men are more likely to assume or claim that their venture is succeeding, whereas women abstain from such claims unless this is truly the case.
Statistically, women actually get a higher profit at the end of the day. This could be because where they can see the risks and they see a chance to do better and get ahead. Men usually don’t work in this manner.
- They Have An Accommodating Style of Leadership
Women are more likely to use a transformational approach when it comes to heading projects. They can use diplomacy and generally create an environment of inclusion for the workers which is a common attribute of men. This obviously would lead to a happier workforce and hence a better workflow within the venture itself.
- They Know The Art Of Multitasking
Many women are famous for their ability to manage several tasks at a time. They can juggle as a housewife, mother as well as a working woman. Thus, they are better suited to work as a full-time businesswoman as they can handle multiple tasks at the same time.
- They Value Relationships
Most women know the value of life outside business and profit-making. They prioritize family and personal time over the money. Men, on the other hand, tend to take these things for granted and end up accumulating wealth and losing relationships.
Entrepreneurship is quite a hectic job and it can make you prone to burnout. Since women have the knack of keeping the relationships, they have a strong support system that helps her bounce back even when the chips are down.
Women have the skills and abilities to run any business successfully which is particularly beneficial for the economy of any country. A successful businesswoman can contribute in progress of a society and she is also an inspiration for the many other women to follow her path.
So all you gals dreaming of launching their startup, we will leave on this famous quote by Sara Blakely, Founder of Spanx:
“Don’t be intimidated by what you don’t know. That can be your greatest strength and ensure that you do things differently from everyone else.”
Rochelle Ceira is an Entrepreneur, Social Media Marketer, and Blogger. Inspired by the success stories of famous businesswomen, she turned to entrepreneurship in 2010. Today, she runs a team of academic writers who provide dissertation help online for students around the world. She likes watching TV and surfing the internet.
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