Are women entrepreneurs different from their male counterparts?
There are statistics that indicate there may be real differences. Only 3% of woman-owned businesses ever pass the milestone of $1 million in revenue…this may sound bleak, but only 6% of male-owned businesses reach that key milestone, according to the Center for Women’s Business Research.
So while clearly the majority of all entrepreneurial companies stay small, why is there such a gap between the two groups? Is it the result of deliberate choices by women to stay small or are there constraints that could be addressed to help these businesses grow and create badly needed jobs? In an era of unprecedented entrepreneurial activity driven by women these question are more relevant that ever.
This year Frazier & Deeter’s women initiative is moving to a deeper level, opening doors through LaunchPad 2x and offering special invitation-only peer events for women business owners. We’ve also added two entrepreneurial guest bloggers: Cliff Oxford of Entrepreneur Advisors and Moira Vetter of Modo Modo agency.
Our goal is to help entrepreneurs of either gender achieve their dreams, so check back here on the FD blog for real-world insights on the opportunities and challenges faced by entrepreneurs.