Male Vs. Female Entrepreneurship / Difference Between Male and Female Entrepreneurship
On the basis of gender, entrepreneurs may be classified as male and female entrepreneurs.
Male Entrepreneurs
Male entrepreneurs have the following characteristics.
- Tend to grow faster and get bigger
- Are more ambitious
- Tend to be technically based
- Have trouble keeping staff
- Go out of action more frequently
- Have more crises on the way.
Female Entrepreneurs
On the other side, female entrepreneurs have the following characteristics.
- Hard Working
- More careful, accurate, serious, and enquiring
- Likely to seek and listen to advice
- Better at dealing with people
- More likely to worry and underestimate themselves
Differences between Male and Female Entrepreneurs
Male and female entrepreneurs have many similarities. However, they differ in certain aspects as mentioned in the following table.
| Bases of difference | Male Entrepreneurs | Female Entrepreneurs |
|---|---|---|
| 1. Motivation | Male entrepreneurs are motivated by the factors beyond financial components. | Female entrepreneurs are motivated by sense of belongingness. |
| 2. Age | They start venture in comaratively younger age. | They normally start new venture at older age compared to male. |
| 3. Departure point | They start new venture due to dissatisfaction from present job. | They start new venture due to frustration from present job. |
| 4. Sources of funds | The main sources of fund of male entrepreneurs are personal assets and savings, banks. | The main sources of fund of female entrepreneurs are personal assets and savings, loan from relatives. |
| 5. Support group | They are supported by professionals and business associates. | They are supported by friends, family and women groups. |
| 6. Nature of new venture | Male entrepreneurs are more involved in manufacturing and construction oriented. | They are normally involved in service-oriented business. |
| 7. Risk | They normally take high risk in their. | They do not take a high degree of business risk. |
