{"id":3476,"date":"2015-12-01T22:04:32","date_gmt":"2015-12-02T03:04:32","guid":{"rendered":"http:\/\/bizwomenrock.com\/?p=3476"},"modified":"2015-12-11T15:49:01","modified_gmt":"2015-12-11T20:49:01","slug":"5-things-to-know-about-women-entrepreneurs-around-the-world","status":"publish","type":"post","link":"http:\/\/bizwomenrock.com\/beta\/5-things-to-know-about-women-entrepreneurs-around-the-world\/","title":{"rendered":"5 Things To Know About Women Entrepreneurs Around The World"},"content":{"rendered":"

By:\u00a0Susan Price<\/a><\/p>\n

The gender pay gap remains all too real, but women around the world are closing the entrepreneurship gap. The divide between male and female founders has shrunk by 6% since 2012, according to the Global Entrepreneurship Monitor 2014 Women\u2019s Report.<\/p>\n

The bi-annual report<\/a> from Babson College and three other universities took a broad view of women\u2019s participation in business creation, something that is increasingly recognized as crucial for the health of a nation\u2019s economy. As more women participate in the workforce, their success ripples through the economy, as a woman\u2019s income tends to go toward supporting children and education. And couples with two incomes are less likely to fall into poverty.<\/p>\n

The 2014 report, which studied 83 economies, up from 61 in the previous report, shows that women are increasingly driving the world\u2019s economies. But all is not rosy. Women are still being hampered by societal constraints and attitudes. As the report notes:<\/p>\n

Subtle biases exist in many societies that suggest women have lower ambitions or are less capable, or that running businesses is inappropriate for them. This can, for example, inhibit their ability to gain access to growth capital. These biases need to be identified and eliminated so women entrepreneurs<\/a> have the same opportunities as men to grow their businesses.<\/p><\/blockquote>\n

\u00a0Here are 5 key findings on the status of women entrepreneurs.<\/div>\n

Women started more businesses<\/strong>.\u00a0 In 2014, more than 200 million women were starting or running new businesses, a 7% increase.\u00a0 Women in the United States were among the most likely to start companies (11% vs 26% of men).<\/p>\n

Women were increasingly innovative<\/strong>. Women entrepreneurs in nearly half the surveyed economies were selling products and services that were new to consumers and not generally offered by competitors at rates equal to or higher than men.<\/p>\n

<\/div>\n
\n

Women were more likely to be solo entrepreneurs, but those with co-founders were more likely to want to scale<\/strong>. Among solo founders, fewer wanted to expand their companies to create jobs for others than in 2012. But in economies that had a higher percentage of women entrepreneurs starting companies in teams\u2013three or more people- had a greater proportion of founders who wanted to grow their companies and create jobs. Teams of founders were most common in the Middle East.<\/p>\n

Women who know entrepreneurs were more likely to become entrepreneurs<\/strong>. More evidence of the importance of role models: Economies where women were more likely to know founders had higher start-ups rates, with the exception of Europe<\/a>an economies.<\/p>\n

CLICK HERE TO CONTINUE THIS ARTICLE\u00a0<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By:\u00a0Susan Price The gender pay gap remains all too real, but women around the world are closing the entrepreneurship gap. The divide between male and female founders has shrunk by 6% since 2012, according to the Global Entrepreneurship Monitor 2014 Women\u2019s Report. 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