Are Females More Successful Than Male Entrepreneurs?
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Added on 2023/04/22
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AI Summary
This research aims to evaluate the success rate of women as entrepreneurs compared to men. It explores the growth of female entrepreneurship, factors that encourage women to establish their own businesses, and the impact of female entrepreneurship on business development.
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AREFEMALESMORESUCCESSFULTHANMALEENTREPRENEURS Introduction Female entrepreneurship has gained huge recognition in recent past. In today’s era of globalization, women have emerged in different kinds of entrepreneurship roles. However, effectiveness of females as entrepreneurs in comparison to male counterparts is still in question. The research work proposed herewith emphasizes on judging success of women in their role as entrepreneurs. Are females more successful than male entrepreneurs? As per the study of Barclays (Preston, 2015), it has been revealed that only 42% of women claim that their businesses are prospering. On the other hand, same ratio in case of male entrepreneurs accounts to 62%. However, businesses run by women are reporting higher pre-tax profits as compared to ones operated by men. Females are getting equal attention in all the areas therefore; they get huge assistance when they desire to establish a business. Further, women tend to be more sociable than men hence; they are more capable in promoting business among the customers. This also gives them the opportunity to connect with different people. RESEARCHAIM Thepresentresearchaimsat evaluating the success rate of women as entrepreneurs as compared to men. RESEARCHOBJECTIVES To evaluate the growth of female entrepreneurship in recent past. To explore the main drives that encourages females to establish their own businesses. To evaluate the impact of female entrepreneurship on development of businesses. To compare success of female entrepreneurs to that of male counter parts RESEARCHQUESTIONS What is the growth rate of female entrepreneurs in recent past? What are the factors that encourage womentoestablishtheirown businesses? Whatistheimpactoffemale entrepreneurshipondevelopment of businesses? What is the success rate of female entrepreneurs as compared to male counterparts? RATIONALE In today’s era of growth and development, women are taking up different roles and responsibilities. Government of every economy is trying to promote personal and professional growth of females. However, there always remains a question mark regarding success of businesses owned and operated by women. The laymen comparison of males and females as entrepreneurs is easily available. Nevertheless, the study supported through facts and figures in context of success of women entrepreneur is still lacking. The research is therefore planned to be conducted for carrying a concrete comparison in success rate of entrepreneurship respectively owned by males and females. RESEARCHISSUE Females have proved their capability from time-to-time to run the businesses successfully. However, till date they are not getting proper platform to showcase their capability in business management. Due to male dominance, females are getting fewer opportunities. The issue lies in a common perception whereby males are considered to be proficient entrepreneurs when compared to females. The study presented herewith emphasizes on resolving issue by assessing the success rate of women entrepreneurs. Source1: (Zaman, 2014)CONCLUSION The research will develop a thorough analysis about the comparison of female as entrepreneurs to that of males. It is through outcomes developed as a part of research that the effectiveness of femaleentrepreneurshipinpresentscenariois judged. REFERENCES Global Entrepreneurship Monitor.2012. [Online]. Available at: <http://www.gemconsortium.org/>. [Accessed on 28 February 2016]. Zaman,T.2014.5ChallengesFemaleEntrepreneursFace. [Online].Availableat:<http://epreneur.tv/female- entrepreneurs-challenges/>. [Accessed on 28 February, 2016]. Preston,J.2015.NineFactsthatsumupthestateof entrepreneurshipin2015..[Online].Availableat: <https://www.virgin.com/entrepreneur/nine-facts-that-sum-up- the-state-of-entrepreneurship-in-2015>.[Accessedon27 February, 2016]. Source2: (Global Entrepreneurship Monitor, 2012)