Men and Women Entrepreneurs — Are They Different and Does it Matter?

Many entrepreneurship programs seem to see the need to offer separate programming for women entrepreneurs. The logic is that they face a different situation and have different needs.
However, in most of my conversations with women entrepreneurs I hear that they don’t want to be treated differently — they just want to be treated as entrepreneurs. This is particularly true among the young entrepreneurs we work with.
Entrepreneurship researchers also crank out study after study looking for “gender differences” in the entrepreneurial experiences. While some subtle differences can be observed, fundamentally the experiences and issues entrepreneurs face seem to be remarkably similar.
A new study was just released by the SBA on gender differences among entrepreneurs. The authors found differing expectations, reasons for starting a business, motivations, opportunities sought and types of businesses between men and women — and these result in differing outcomes. They go on to recommend that such observations should be taken into account when comparing the outcomes of ventures across genders.
That makes sense, but so does taking account differences in age, life stage, life style, marital status, rural versus urban location, etc., etc., etc.
That is why I start out every entrepreneur in their journey with a careful reflection on their aspirations, goals, financial needs, and non-financial needs. The outcome of this discernment should be foundational in any business plan. The business should reflect what you want and need to get out of the venture — it is yours, after all.
So if women tend to want to pursue a venture of their own to allow for more flexibility in their family life — a common theme I see with many female students in my classes — then so be it. My job is to teach them the processes and skills that will help them achieve their goals. And those are the same process and goals that I teach any aspiring entrepreneur, whether they want to retire at 30 or simply provide a family with supplemental income from owning a business.
Think of it this way — the same basic tools and materials are used to build a small starter home that are used to build a 20,000 square foot mansion.