Posted: August 24, 2015 by Jo Rogers
Although they are more likely to face obstacles, female entrepreneurs are less likely to have failed in setting up a business than men, according to new research by private bank Kleinwort Benson.
With a sample of 500 business leaders, the report found:
Paul Bentley, head of entrepreneurs at Kleinwort Benson, commented: “In our experience, female entrepreneurs tend to be more risk averse and position themselves better to create long term value. This is beneficial in two ways.
“Firstly they often avoid the pitfalls that befall early stage businesses. Secondly, their businesses will have demonstrated a more consistent track record and they will be more attractive to potential acquirers.
“Overall, we can see that women are increasingly embracing entrepreneurship and are successfully overcoming obstacles, such as funding, late payments and generating sales, to become models of entrepreneurial growth.”