Lecture 4 Flashcards
1
Q
Name some facts about women as entrepreneurs
A
- across 59 economies, Ghana the only one with more women entrepreneurs than men
- women are less likely to be involved in business than men
- women receive lower levels of initial funding
- women less likely to be funded by venture capitalists or business angels
- women led firms generate less profit than male led
- overall women generate less income than males
2
Q
What are some reasonings behind women as less successful entrepreneurs?
A
- women bare the brunt of household duties
- 50% of women in the UK are in part time employment
- educational inequality is the most discriminating factor against women
- there is no evidence that specific traits lead to entrepreneurial behaviour
3
Q
What effect does age have on entrepreneurship?
A
- young people lack entrepreneurial experience
- older people are increasingly looking to work
- highest self employed age bracket is 33-35
- marriage associated with self-employment (children influence self-employed choice, often successful businesses rely on an unpaid worker)
4
Q
What is the effect of previous experience on entrepreneurial activity?
A
- prior managerial experience = more likely to start a business
- size of prior employer = small business work associated with future self-employment
- prior business ownership = linked to future self-employment
5
Q
What are some cultural factors which affect the level of self-employment?
A
- cultual propensity - some cultures favour self-employment
- some ethnic groups have “greater resources available”
- some ethnic groups have less access to traditional opportunities for a range of reasons
- discrimination - difficulties gaining credit, low wages pushing self-employment
6
Q
What are some factors that affect self-employment?
A
- level of state benefits
- access to finance
- super rich more likely to set up a business
- accessing external finance depends on information
