Success Advice
7 Reasons Why Men Make Great Entrepreneurs
It’s often frustrating for men to hear the popular sentiment that women make better entrepreneurs than men. It’s not fashionable to argue, but the truth is that the number of female-owned businesses are only growing at a faster rate because there were relatively few to begin with. Male-owned businesses are still growing more quickly in absolute terms.
In any case, while it may not be the most fashionable opinion we’d like to present the opposing argument, so here are 7 reasons why men make great entrepreneurs.
Do Men Make Great Entrepreneurs? Read On:
1. Men are more driven to make money
Studies have shown that women tend to be motivated to start their own businesses in order to strike a better balance between work and family life. For instance, many women start businesses from home in order to take care of their children while still generating an income.
Conversely, men tend to be more motivated by financial success in their ventures. They start companies with a view to becoming financially independent and, if all goes well, obscenely wealthy. While there’s nothing wrong with either approach it seems that men have the advantage in creating thriving businesses. Male entrepreneurs are willing to work longer hours and devote more of their energy to the venture, while women tend to be satisfied with modest success.
2. Men more readily seek investors
Perhaps due to the inherent differences in the types of businesses (small and home-based vs. large and ambitious), men are more willing to seek investment to help grow their business. While it may be the case that the obligations to repay investments and dividends down the line become onerous, in the short term this willingness to seek out finance helps male-owned businesses thrive much sooner, while female-owned businesses can only grow at the rate at which profits can be reinvested.
3. Men have more experience in business
Male entrepreneurs tend to start their businesses after a lifetime of work experience, and as such can draw on that experience to help their venture succeed. Women, on the other hand, often switch focus throughout their lives to make time for a family, abandoning work for several years until their children are no longer dependent on constant care before returning to continue their career.
While it may be unfair to hold a biological necessity against them, the fact is that women on average have less business experience than men.
4. Men are more willing to delegate
Many women find it difficult to break from the habit of doing everything for themselves, and when it comes to handling aspects of their business they can easily spread themselves too thin.
Men are much more ready to delegate, and happy to hire employees who can manage certain tasks with greater competence and efficiency. Men are more willing to hire accountants to deal with money matters, and for the simple reason that professional money managers are better at finding tax deductions than the layman that puts male entrepreneurs in a stronger financial position.
5. Men tend to be risk takers
Male entrepreneurs are more prone to impulsiveness and risk taking than women. While this may be a dangerous characteristic it’s also true that risk can pay dividends in many cases. The result of this is that male-owned businesses often grow at a much faster rate than businesses run by their female counterparts.
6. Men can be more decisive than women
While this many not be true for all men, male entrepreneurs can be more decisive and confident than women. Arrogance may not be an attractive trait, but in the world of business a certain amount of confidence in your abilities (or even over-confidence) can bring positive results.
7. Men can manage money more effectively
Finally, male entrepreneurs have the (dubious) advantage of societal sexism in their favor. Men have traditionally been breadwinners in charge of the family purse, while women were reduced to homemakers. Even in this generation the cultural hangover still persists, as today’s entrepreneurs were raised with the old ways.
While this benefit will no doubt vanish as today’s youth are raised with a fairer and less confining focus on gender roles it does, at least for this generation, mean that men tend to have more experience in financial matters than women, helping them make the best decisions to grow their business.
If you haven’t already, make sure you checkout ‘The 7 Reasons Why Women Make Great Entrepreneurs‘
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john
Oct 23, 2013 at 3:45 am
All the best businesses in this world are founded by men so women can cry and whine but there is some truth to these stereotypes. Women should learn to value their own strengths…i mean raising kids is more important than entrepreneurship
test
Mar 15, 2013 at 1:38 pm
You must participate in a contest for top-of-the-line blogs on the web. I will advocate this site!
Therese Lundin
Jan 8, 2013 at 11:20 pm
You must be kidding? Have you ever met a female person? Where did you find all this fantastic “facts”?
Lea
Jan 8, 2013 at 11:08 pm
Yay, another article about why boys rule and girls drool. Your article did touch on the fact that some of this is due to society’s pressure but really, it’s all due to the way Western culture views gender. Men and women don’t exist except in the fact that that is how society views male and female. I really don’t understand why its totally fine for people to say how men are better at women at things (people also do the reverse of this) but you would almost never hear that white people are just better at making decisions which is why there are more white business owners than black business owners. Race and genender don’t exist, they were invented by people (Yes, there are differences between the sexes like how males are, on average, taller than females). This article didn’t attack women but perpetuates the myth that men are better than women by some inate male-ness rather than society labeling traits or actions as masculine or feminine. Like Hannah said, bullshit.
TL;DR: Bullshit
Hannah
Jan 8, 2013 at 10:05 pm
Bullshit. I am better than all of my male coworkers at all of those things.
Milan
Nov 29, 2012 at 1:32 am
There are women entrepreneurs?
Audrey
Nov 23, 2012 at 9:54 pm
Your points here and the ones made in the article on female entrepreneurs are clichés. While some of it might be true, I tend to think that we are all educated into thinking and acting according to our gender. Truth is, we will never know the real difference between men and women if we do not stop raising boys and girls differently.
sas
Nov 23, 2012 at 10:40 am
a whip for the men to be more responsible and forward will be a life. 4 thumbs up for this article.
TraderRach
Nov 17, 2012 at 4:13 am
As a very stereotype generalization I thought they were valid points. Men are typically more naturally stronger in those areas. However we are all different, with different tendencies and strong/weak in different areas. Natural predispositions can be worked on and overcome.
If it didn’t say “men” I thought you were talking about me.
Cheers Rach
Deji R Yusuf
Nov 16, 2012 at 6:28 am
Well composed article! Males could be even better entrepreneur due to The fact that most of them are born risk takers! 😉
Gabriel
Nov 14, 2012 at 1:02 am
I agree with Matt, very well worded. Great article!
Matt Weirich
Nov 13, 2012 at 1:50 pm
Love your commitment to write this! You played it right too by not calling it “Why Men are BETTER Entrepreneurs”, it’s simply “Why Men Make Great Entrepreneurs”. Well played.
Ping
Dec 18, 2012 at 9:44 pm
A good point, Matt
Hannah
Jan 10, 2013 at 4:09 pm
Unfortunately, though this article tries to make you believe that women are incapable of reading between the lines.. we still heard “Why Men are BETTER Entrepreneurs” even if you didn’t “say” it.
People like you are the reason why society is no longer progressing.
And Kieth, I really appreciate that you’ve been too much of a coward to respond to any of the female responses.
Joel
Jan 10, 2013 at 4:13 pm
Hi Hannah, not sure if you read the intro to the post but there is actually an article on “Why women make Great Entrepreneurs”, neither are necessarily a “better than” article. Just pointing out the stronger suits of each sex when it comes to entrepreneurship skills. Read the article on women, I’m sure this will help clear the air: https://addicted2success.com/success-advice/7-reasons-why-women-make-great-entrepreneurs/
Thanks for your comments.
Hannah
Jan 10, 2013 at 4:42 pm
Joel,
I have read that article. It is really great at highlighting the “homey” aspects of a woman’s character that she brings to the business environment, but definitely doesn’t highlight actual, and necessary skills that any entrepreneur needs- those were saved for the mens article.
I’m sure you can understand how a woman like myself, who feels extremely confident in my drive to make money, my ability to make business decisions and take calculated risks, and the time I’ve spent delegating, seeking investors, and finding new ways to manage money better would be extremely offended that these characteristics are more dominant in MEN.
Just because you can write another article with “Women” in the title instead of “Men” doesn’t discount the fact that you clearly favor one sex over the other.