Women and Entrepreneurship

I got an e-mail from Michael Chmura this morning notifying me that the 2007 Report on Women and Entrepreneurship from the Global Entrepreneurship Monitor (GEM) of The Center for Women’s Leadership at Babson College–a study of women and entrepreneurship around the world for 2007–was released today, Friday, May 2, 2008.

Among the findings (provided by Mr. Chmura):

  • There is no gender difference in the survival rate of women’s businesses versus those of men in high-income countries.
  • Women who are employed and have built a social network of entrepreneurs are more likely to become entrepreneurs.  The social and economic benefits of working are driving women’s entrepreneurship more than increased education or household income.
  • Women tend to be less optimistic and self-confident than men about starting a business.  But once involved in entrepreneurial activity, women’s confidence builds, and they are more likely to know other entrepreneurs, and exploit viable opportunities just like their male counterparts.
  • Fear of failure is also higher for women in all country groups compared to their male counterparts. Women in Europe and Asia low/middle income countries had the highest fear of failure rates (40.3%) compared to women in Latin America and the Caribbean (34.2%), and women in high-income countries (27.1%).  GEM suggests that rise in fear of failure may be linked to the necessity-driven perception of fewer job options.

I replied to Mr. Chmura and asked him how he found me.  I have his permission to quote him:

"I was just strolling through Technorati last night before I went to sleep.  I found your site and it looked interesting – no small accomplishment since I was pretty sleepy." 

I love it! 

And I thank you, Mr. Chmura, for honoring me by letting me know such important information on the same day it was released.

For more information, please contact:
Michael Chmura
Director of Public Relations, Babson College
Babson Park, MA 02457

[email protected]
(781) 239-4549

For background information on the report, click here, and for more downloads, including an executive summary, click here.

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