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It goes without saying that men and women are different. But does that hold true when you make a comparison between a male entrepreneur and a female entrepreneur? Of course, it is easy to believe that there is a major gender gap.

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Biased or not, people quickly assume gender stereotypes. Other researchers found no differences in the propensity to innovate between 1, Spanish men and women entrepreneurs. Which is not the case for product and organizational innovations. Again, little to no differences between the male and female firm owners. Now we are talking about running a company. Being a business owner. So, why should they be different in gender? Only because we believe that men and women are so distinct?

Last time I checked both types of small business owners are from earth. Vivek Wadhwa, a former entrepreneur and now academic, found almost no differences between men and women tech company founders. Time to take a deeper dive into gender differences and make a comparison between male and female entrepreneurs.

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Especially, the entrepreneurial competencies of those who run businesses with staff. Maybe this article can add valuable insights to female entrepreneurship statistics. A good way to compare differences between male and female business owners is by looking at what makes them entrepreneurial in the first place, their entrepreneurial competencies. In a recent study, we compared a group of female and male entrepreneurs with staff, in total business owners, in the Netherlands. These employers received entrepreneur coaching.

The very first step of the coaching was doing an E-Scan, an entrepreneurial mindset tooland discussing their entrepreneur profile. It gave them a clear sense of what their stronger and weaker skills are as an entrepreneur and what to work on in conjunction with their coach to improve business performance. The scan generates the Entrepreneurial Index, which ranges from It is an indication of how entrepreneurial someone is.

It is based on the Entrepreneur Scan. The E-Scan is a data-driven and research-based scan in which you can compare yourself with other entrepreneurs and see and read how you score on essential competencies as an entrepreneur and what type of small business owner you are. Men 55,1 score slightly higher than women 54,6 on their Entrepreneurial Index. But the difference is not enough to call it ificant.

So, female founders demonstrate the same entrepreneurial activity as their male counterparts. When we take a deeper look into their entrepreneurial mindset profiles, there are differences between men and women, but not where one would expect them to be. The general idea is that men have more guts and dare to take more risks, but not according to our data. Women do business differently; not more or better. Vanessa Loder found that women invest their own savings.

Adi Gaskell confirms the similarity with research, done by Michael Frese that women are just as capable of taking risks as men. On top of that, male entrepreneurs were more likely to found technologically intensive businesses, businesses that lose their competitive advantage more quickly. But that is more a result of their need for achievement see below than of their risk appetite. Self-belief is another commonly mentioned trait that male business owners are supposed to possess more than their female counterparts.

According to our data, no ificant differences were found between men and women. Vanessa Loder report that there is one area where most women struggle. They appear to display a greater tendency to be self-critical than men when faced with failure. Men are much more likely to blame market factors, the economy, or even employee issues for any kind of setback, while women often internalize the failure, blaming themselves.

That may be true. When entrepreneurs are asked to list their strongest competencies, women were 10 percent more likely to list creativity. Although creativity is found to differ between entrepreneurs and non-entrepreneurs, some expect men to be more creative than women. Women and men entrepreneurs are equally creative. Creativity is fundamental for innovation. You would expect a strong achievement orientation with men. Maybe because it is so related to entrepreneurship, that people expect men to score higher than women. It is not so different in time spent on their business.

Another exciting research in the Journal of Small Business Management demonstrated the differences between male and female high growth entrepreneurs in high-technology incubators. High growth entrepreneurs in general, show self-leadership strategies due to the innovative nature of high tech entrepreneurship.

Three methods were measured:. All strategies correlate ificantly with innovation measured through increased intellectual proprietary. Men may exhibit more ambition. On the other hand, women appeared to use self-goal-setting to a greater extent than male entrepreneurs.

Male entrepreneurs use self-cueing more than females. This difference is something you would expect too. It may reinforce the idea of the ultimate entrepreneur: strongly knows what they want and is decisive. Vanessa Loder reports that women are less afraid to ask for help when they need it. Men think they need to go on their own, making it much harder to ask for help.

An entrepreneurial mindset is strongly associated with being creative and a pioneer, who easily comes up with multiple ideas and business opportunities. Our data confirm that male business owners demonstrate a stronger Pioneer thinking style than women do. Creativity is strongly related to that of the Pioneer, as one might imagine.

It is all the more interesting to note that men and women are not inferior to each other when it comes to creativity or business creation. Women do business differently than their male counterparts, but they are certainly no less enterprising than men. All the more reason to promote female entrepreneurship and perhaps to stop treating them as a different kind of species? If so, you can take the scan for free here. about the entrepreneurial personality. View Desktop Version. Image: comparison between male and female entrepreneurs with staff on their E-Scan scores Competencies that show no gender difference where you would expect it Male and female owners score equally high on their risk-taking attitude.

Female and male entrepreneurs have the same amount of self-belief Self-belief is another commonly mentioned trait that male business owners are supposed to possess more than their female counterparts. Male and female business owners with staff score equally on their creative mindset When entrepreneurs are asked to list their strongest competencies, women were 10 percent more likely to list creativity.

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Competencies that show gender difference where you would expect it Male entrepreneurs have a stronger achievement orientation than female You would expect a strong achievement orientation with men. Self-dialogue also referred to as motivational self-talk All strategies correlate ificantly with innovation measured through increased intellectual proprietary. Male entrepreneurs demonstrate more dominance than women do This difference is something you would expect too. Male entrepreneurs tend to be more of a Pioneer than the female ones An entrepreneurial mindset is strongly associated with being creative and a pioneer, who easily comes up with multiple ideas and business opportunities.

Women business owners do business differently, but are no less enterprising than men It is all the more interesting to note that men and women are not inferior to each other when it comes to creativity or business creation.

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