Men and Women are Still Different

Male_female_2 This post originally ran on October 3, 2007.

A
ccording to a new report by the Small Business Administration’s Office of Advocacy the answer is "yes"; at least when it comes to running a business. 

Here are some of the reports major findings, courtesy of Inc.com.  Like most of these surveys, you probably knew these things without spending tax dollars on a survey. 

The original data is from the Panel Study of Entrepreneural Dynamics.  685 entrepreneurs who started their business in 1998 or 1999 were surveyed. 

  • In terms of performance, it doesn’t make any difference if the business owner is male or female.
  • The main difference is the type of business.  Females are more likely to start personal service or retail businesses.  Men are more likely to get involved in technology or manufacturing.
  • Women-owned businesses tend to be smaller than mail owned.
  • Because of demands at home, women tend to work fewer hours in their business than men.  (Not the ones I know!)
  • Women tend to start lower-risk businesses than men.
  • This last one’s interesting.  Women tend to look for information through their social networks and so have a greater number of sources than men, while men find opportunities through interaction with banks and investors.

These are very general conclusions.  As they say, "your mileage may vary."  The first point seems to tie up the whole discussion.  Men and women are equally successful as business owners.  They just get there in different ways.  No surprise there.

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One Response

  1. mail owned business? hehe

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