HAPPY NATIONAL ENTREPRENEURSHIP DAY!

I didn’t know that today was National Entrepreneurship Day, I was doing some light reading and came across some facts and stats presented by Statista. Female founders in the U.S. and worldwide, according to the Global Entrepreneurship Monitor, say family commitments, as well as the pandemic, posed bigger hurdles for women entrepreneurs than their male counterparts. In an international comparison, the U.S. has a relatively high share of females engaged in entrepreneurial activity – exceeding rates in Europe, China, and India but staying behind Latin America and Africa.

In a survey in 49 countries and territories, 18 percent of female entrepreneurs who quit or exited a business did so for personal and family reasons, compared to just 12.6 percent of men. Likewise, 20 percent of female founders whose business went under or was sold in 2022 credited the coronavirus pandemic, while just 16.4 percent of men did the same. While women’s smaller businesses were impacted more by COVID-19, family reasons could be influencing another category in the survey, as women, in particular, exited the workforce during the pandemic as child care became a massive problem. Chart: Family Commitments Hold Back Female Entrepreneurs | Statista

Any thoughts are comments about the facts or statistics presented in this article?

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