How Motivation For Female Entrepreneurs Differs Throughout The World

curated from Women on Business

Over recent years, there has been a growing trend for female entrepreneurs launching new ventures at a higher rate than men. Within the EU, 34.4% of entrepreneurs are women, and in the United States, there are more than 6.2 million privately held, female-owned companies.

The decision to start a business does not solely originate from a single motivating cause and can be influenced by education, personality, family considerations, and social circumstances. Geographical location, however, does play an important role with a number of “external” factors that can either promote or inhibit entrepreneurial ambition.

External Influences

The report found that the conditions and characteristics in the US, Australia, and Sweden lead to higher levels of female entrepreneurship where governmental support, access to funding and cultural acceptance all contribute to supporting women in business.

Internal Motivations

In a study by Paypal that polled both current and aspiring female entrepreneurs in France, China, and the United States, the research found that women have different internal motivations for starting a businesses based on their physical location.

  • 55% of women in the United States wanted to achieve a better work-life balance
  • 48% of women in China wanted to “control their own future”
  • 61% of women in France wanted to pursue entrepreneurship to have pride in themselves

Industries

Specific countries were shown to be more popular within certain industries.

  • France: Health, Beauty and Artisan Crafts
  • China: Apparel & Accessories
  • United States: Consulting

The Tech Scene

An industry that has its fair share of controversy and heated debate is the tech industry. Throughout the world there is a uniformed lack of female startups in the tech sector. A surprising statistic considering that female-led private technology companies are more capital efficient, achieve 35% higher return on investment, and bring in 12% higher revenue than male-owned tech companies.

 

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