· 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
