Start-up bosses who are female are increasing but are they too shy to brag about their business expertise and power?
UK start-up bosses are five times more likely to be female than in America.
One-third of the nation’s latest businesses are founded by women. Out of 222 companies surveyed by The Telegraph
- 29% of the leaders were female
- 20% of business owners are in the UK but actually come from the EU
- 3% are from various places around the world
Whereas in the US, female entrepreneurs are ten times more likely to be from an Asian ethnicity or a non-white background.
Cambridge University has also discovered that female bosses are too reluctant and modest about their accomplishments. Could that be why they’re not highly recognised in the SME world?
Women have been seen to make a higher profit than male entrepreneurs, however, men seem to boast and brag a lot more.
A report taken by the Psychology of Entrepreneurs found that the 42% of business women (who are successful) say that their business is prospering. Women are seen to be more efficient, organised, competitive and emotionally stable.
Women are also seen to be more driven than men – in a survey of 1000 business owners 47% of women want to expand and start other businesses within three years, whereas only 18% of men have the same idea. 35% of men would rather concentrate on a steady business that is profitable.
The phrase ‘alpha male’ is no longer relevant to running a successful business as new research shows the impressive increase of women entrepreneurs. However, both sexes combined create a separate find that UK start-ups have a higher chance of surviving rather than the companies in other European countries.
Head of business comparison Philip Brennan says:
“This is not surprising news, there are 20% more woman self-employed than in 2008! The growth in internet based businesses has certainly made it easier for people to establish new businesses reducing the old boundaries’ which may have affected woman’s ability to start a business.”