Amy Vetter from Fast Company shares “Women entrepreneurs are the fastest-growing segment of business owners in the U.S. But, compared to male-owned businesses, women-owned businesses generally fail at a higher rate, employ fewer people and generate less revenue.
The reasons for the disparity are complicated and varied: difficulty in accessing capital, entrenched social norms, and differences in the industries male- and female-owned businesses tend to cluster are a few of the reasons behind the imbalance.
But some factors may have more to do with women’s internal landscape than external conditions.
“I spend 90% of my time traveling around the world talking with women and women entrepreneurs and exploring the challenges to women starting, growing or scaling a business. What I’ve found is that the number one reason is the lack of confidence,” said Ingrid Vanderveldt, founder of Empowering a Billion Women by 2020 (EBW2020) and Dell’s former entrepreneur-in-residence……….” To continue reading, see the entire article in Fast Company.