Report Finds Female Entrepreneurs Happier than Male Entrepreneurs

 business startup, entrepreneurial activities, entrepreneurs, female entrepreneurs, Gierach Law Firm, Naperville small business law attorney, running a new business, women in businessIn mid-June, Babson College and Baruch College issued their 2013 Global Entrepreneurship Monitor (GEM) U.S. Report. While the report was focused on entrepreneurs of all ages and sexes, the researchers made an interesting finding about the well-being and disparities facing entrepreneurs. Researchers discovered that established female entrepreneurs/business owners personally ranked their well-being as being twice as high than the rankings given by non-business owners and non-entrepreneurs.

While it is common knowledge that entrepreneurs in the U.S. who own their own business are more satisfied than those who work as employees, women specifically have illustrated a significant boost in how they view their own personal well-being as their business matures and they begin to see the desired investment returns that motivated their original business actions.

The GEM U.S. Report

The GEM U.S. Report focused on the entrepreneurial activities of Americans across all ages, sexes, and other demographics. The researchers found that the U.S. remains a worldwide leader in entrepreneurial activity with almost 12 percent, or around 25 million Americans, being engaged in starting or running a new business. These findings illustrate that America has the highest rate of entrepreneurship found amongst the 25 developed countries that the GEM report surveyed.

The GEM U.S. Report also looked at entrepreneurial activities by seniors in the United States. It was discovered that among the 25 developed countries whose economies the researchers also surveyed, the U.S. had the highest rate of entrepreneurship amongst 55 to 65-year-old adults. The researchers found that older Americans were just as likely as younger adults to discover entrepreneurial opportunities, though they were less risk averse than their younger counterparts. Furthermore, it was discovered that around half of older entrepreneurs are also part of the highest third of U.S. household incomes.

Findings about Female Entrepreneurs

In addition to discovering that female entrepreneurs have high levels of personally-reported well being, it was also found that around one out of every 10 U.S. women is either operating or starting a business. Such numbers are higher than any of the other developed economies that were surveyed by the researchers.

Furthermore, it was discovered that around 36 percent of female entrepreneurs stated that they wanted to grow their business to include more than five employees within the next five years. This illustrates the assertion that the U.S. has over 3.73 million women who are growth-oriented in their business endeavors. However, the findings regarding female entrepreneurs were not all positive. There still remain significant gaps in the rates that men and women experience peak levels regarding entrepreneurial rates, and it was found that men in their mid 30s and 40s experience higher entrepreneurial opportunity perception rates than their female counterparts.

The GAM U.S. Report ultimately indicates that the United States is a great place to start a business for people regardless of their sex and age. If you need assistance from a Naperville small business law attorney, contact the Gierach Law Firm in Naperville, Illinois today.