IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Female entrepreneurs are more successful than male entrepreneurs

New research reveals that women entrepeneurs are less like to fail when setting up a business than men

Women in Technology

Female entrepeneurs are less likely to fail in setting up a business than their male counterparts are, despite having more obstacles to overcome, it is claimed.

The findings come from research by private bank Kleinwort Benson in partnership with YouGov, which surveyed 500 business leaders to find that though more women fear failure and face more hurdles than men do, they are actually less likely to fail.

Paul Bentley, head of entrepeneurs at Kleinwort Benson, said: "In our experience, female entrepeneurs tend to be more risk averse and position themselves better to create long-term value. This is beneficial in two ways. Firstly they often avoid the pitfalls that befall early stage businesses. Secondly, their businesses will have demonstrated a more consistent track record and they will be more attractive to potential acquirers."

Of the business leaders surveyed for the report, just 11 per cent of female respondents said they had failed to set up a successful business, while 17 per cent of men admitted to the same, though the report did not publish the respective numbers of men and women respondents.

Fear of failure is still a problem for women, with 40 per cent of them admitting they were worried about falling short when setting up their businesses compared to 36 per cent of male respondents.

A total 32 per cent of men said they had to overcome obstacles along the way, compared to 42 per cent of women.

"Our new female clients are from a wide range of industries but we are seeing a significant number from technology and property, which is borne out by the research," Bentley added.

"Overall, we can see that women are increasingly embracing entrepreneurship and are successfully overcoming obstacles, such as funding, late payments and generating sales, to become models of entrepreneurial growth."

Of all respondents, 18 per cent of small business owners in the Midlands and Wales said they had failed to set up a business, compared to 14 per cent in Scotland, the North, London and the South.

Featured Resources

Accelerating AI modernisation with data infrastructure

Generate business value from your AI initiatives

Free Download

Recommendations for managing AI risks

Integrate your external AI tool findings into your broader security programs

Free Download

Modernise your legacy databases in the cloud

An introduction to cloud databases

Free Download

Powering through to innovation

IT agility drive digital transformation

Free Download

Recommended

Report: Brexit and COVID to blame for lack of diversity in tech
Careers & training

Report: Brexit and COVID to blame for lack of diversity in tech

31 Mar 2022
Australia allocates $6.7 million to advance women in STEM initiatives
Careers & training

Australia allocates $6.7 million to advance women in STEM initiatives

11 Feb 2022
IT Pro Panel: What’s stopping diversity in tech?
recruitment

IT Pro Panel: What’s stopping diversity in tech?

25 Oct 2021

Most Popular

Salaries for the least popular programming languages surge as much as 44%
Development

Salaries for the least popular programming languages surge as much as 44%

23 Jun 2022
Attracting and retaining talent through training
Sponsored

Attracting and retaining talent through training

13 Jun 2022
The top programming languages you need to learn for 2022
Careers & training

The top programming languages you need to learn for 2022

23 Jun 2022