In the past 20 years, the number of women-owned firms in the US has increased 114%.
Research shows that many women start businesses because it just seems like a better alternative to the demands of corporate life.
In the traditional workplace, women often face gender discrimination and have a hard time balancing work and childrearing.
Yet while entrepreneurship seems to offer greater autonomy and flexibility, it can also contribute to economic insecurity.
Every day in the US, women start about 849 new businesses.
And over the past 20 years, the number of women-owned firms has increased 114%.
You could herald these developments as signs that the world of American entrepreneurship is, finally, becoming more open to women. But the statistics obscure a more troubling trend.
For many women business owners, starting a company is a way to escape the often-unmeetable demands of corporate life. But more women becoming business owners isn’t necessarily good for the economy — or for the women themselves.
Women often start businesses out of necessity
A 2017 report from the National Women’s Business Council uses the term “necessity entrepreneurship” to explain what’s happening among women business owners.
Typically, that term describes people who start businesses out of economic need — but the NWBC proposes expanding the definition to include non-economic factors as well. Based on interviews with women business owners, the report highlights workplace discrimination and the fact that childrearing and household management typically fall to women.
The American workplace may be especially inhospitable to women. Consider a 2014 PayPal survey of women business owners in the US, China, France, and Mexico: In France and Mexico, 61% and 66% of women said they wanted to be entrepreneurs to have pride in themselves. In the United States, 55% said they wanted better work-life balance.
Having more autonomy is a key motivator
Morra …read more
Source:: Business Insider