Connect with us

Success Advice

7 Reasons Why Women Make Great Entrepreneurs

Joel Brown (Founder of Addicted2Success.com)

Published

on

women-entrepreneurs


Only one in four companies in the US are run by women. Does this mean that women aren’t cut out for the suits, ties and big decisions? This subject has been debatable for a long time so we are are here to clear the scene with 7 cold hard facts as to why women make great entrepreneurs.

We can see this comment section turning into battle of the sexes as we type this, haha. Enjoy this post and dont forget to chip in your 2 cents worth.

 

Do Women Make Great Entrepreneurs? Read On:

 

1. Women possess strong communication skills and social intelligence. The digital economy requires these skills, and women enjoy a slight edge over their male counterparts (according to numerous studies). A stronger network means they will be better resourced throughout the life of the venture. By leveraging their connections, they will have to reinvent the wheel less and learn fewer lessons the hard way.

 

2. Female-owned companies tend to offer family & friendly benefits. These include such perks as job sharing, parental leave and telecommuting. They argue that their more worker-friendly policies boost morale and lead to less turnover, less absenteeism and higher productivity.

 

3. Women also make good listeners. One study found that the collective intelligence of a group rose if the group included more women. They have open minds. They’re not autocratic.”

 

4. Women start companies to better balance their work and family lives. Wealth is not their primary focus, so most remain smaller. But there are exceptions, like Martha Stewart (Omnimedia), Ruth Furtel (Ruth’s Chris Steakhouse), and Lillian Vernon, which make big money.

 

5. Women collaborate. Women have worked well together since the earliest female enterprises, whether dividing grains in the village or working in quilting bees. Even some of today’s cultural stereotypes have legs, for instance, women’s joint trips to the restroom!

 

6. Female owners are more likely to have positive revenues. They prefer lower risk opportunities, and are willing to settle for lower returns. Some women feel that pushing profits is “not polite.” More women entrepreneurs are single person businesses, while men tend to have more employees. Researchers have begun focusing on the relationship between testosterone and excessive risk, thus evaluating whether groups of men spur each other toward reckless decisions.

 

7. Females aren’t afraid to ask for help. Many men (not all) have difficulty asking for help when it comes to something like their very own business. Pride can sometimes get in the way. But most women don’t have a problem admitting that they’re not sure how to accomplish a certain task or what needs to be done next in the building-a-business game. This can sometimes provide an advantage in a well-spring of knowledge from sources that help ground their business more quickly.

 

If you haven’t already, make sure you checkout “The 7 Reasons Why Men Make Great Entrepreneurs

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances.I'm proud to say through my podcast and through this website we have impacted over 200 million lives in the last 10 years.

Success Advice

The Secret Formula for Real Financial Success

Avatar

Published

on

Image Credit: Unsplash

What do you see?

That Money = Cost x Time ?

Or, that Time = Money/Cost ?

Most of us routinely push through the weekdays while we wait for the next weekend to roll around, giving us a moment to choose how we spend and enjoy our time. For those who are merely working to pay the bills, 71% of every week is a total write-off. It’s a sad statistic. What keeps us spending an entire life stuck in this funk? (more…)

Continue Reading

Success Advice

Be Like Water: 3 Martial Arts Lessons for Negotiation

Avatar

Published

on

Image Credit: Unsplash

You may wonder what martial arts and negotiation have in common. As a lifetime practicing martial artist, I constantly use lessons from various martial arts to help me in my professional life. One of the most common themes running through all martial arts is the silencing of the “self.” Martial artists meditate to quiet themselves and become more attuned to the processes of the self and the world around them. (more…)

Continue Reading

Success Advice

3 Growth Mindset Adjustments That Double Revenue and Build Freedom

Avatar

Published

on

Image Credit: Unsplash

Too many business leaders think the latest marketing or sales strategies are the key to growth and building a freedom-based business. They fail to realize that all the strategies in the world won’t work without a strong mindset. (more…)

Continue Reading

Success Advice

10 Common Leadership Myths and How to Overcome Them

Avatar

Published

on

Image Credit: Unsplash

Before we start exploring leadership myths, let’s take a moment to examine these three “truth or myth” questions: (more…)

Continue Reading

Trending