Male Vs. Female Entrepreneurs

· The characteristics of male and female entrepreneurs seem to be very similar

· The backgrounds of male and female entrepreneurs also have been found to be similar

· However, certain subtle differences in motivation, types of ventures started etc., have been identified.

Men & Women Entrepreneurs – Motivation

· Achievement –Strive to make things happen

· Personal independence- self-image as it relates to status through their role in the corporation is unimportant

· Job satisfaction arising from the desire to be in control

· Achievement-accomplishment Independence of a goal Independence - to do it alone

Men & Women Entrepreneurs- Reasons For Entering Into Entrepreneurship

· Dissatisfaction with present job

· Side-line in college, side-line to present job, or outgrowth of present job

· Discharge or layoff Opportunity for acquisition

· Job frustration

· Interest in and recognition of opportunity in the area

· Change in personal circumstances

Men & Women Entrepreneurs-Sources Of Funds

· Personal asset and savings

· Bank financing

· Investors Loans from friends and family

· Personal assets and savings

· Personal loans

Men & Women Entrepreneurs – Occupational Background

· Experience in line of work

· Recognized specialist or one who has gained a high level of achievement in the field

· Competent in a variety business functions

· Experience in area of business

· Middle-management or administrative-level experience in the field

· Service-related occupational background

Men & Women Entrepreneurs – Personality

· Optionalated and persuasive

· Goal oriented

· Innovative and idealistic

· High Level of self-confidence

· Enthusiastic and energetic

· Must be own boss

· Flexible and tolerant

· Goal oriented

· Creative and realistic

· Medium level of self-confidence Enthusiastic and energetic

· Ability to deal with the social and economic environment

Women Entrepreneurs - Background

· Age when starting venture 25-35

· Father was self-employed

· College-education-degree in business or

· Technical area

· First born child

· Age when starting venture-:35-45

· Father was self-employed

· Col1ege educated-degree in liber

· First-born child

Men & Women Entrepreneurs – Support Groups

· Friends, professional acquaintances (lawyers, accountants)

· Business associates

· Spouse

· Close friends

· Spouse

· Family Women's professional groups

· Trade associations

Men & Women Entrepreneurs – Types Of Business endures Started

· Manufacturing or Constructor

· Service-related- educational services

· Consulting or public relation