I was reading an article today over at Reuters.com called Q&A: Women Entrepreneurs Fear Failure More Than Men: Study. Babson College and theGlobal Entrepreneurship Monitor have recently released their 2010 Study about women’s entrepreneurship around the world.
Women Fear Failure More Than Men
Their study found in 2010, 104 million women representing more than half the world’s population and 84 percent of world gross domestic product started and managed new business ventures. While these numbers seem to be high to me, the study concluded women in general have lower perceptions than men about their capabilities for starting a business.
The United States ranks highest among wealthy economies in terms of women’s capabilities perceptions-their belief that they have the capabilities to start a business.
Women are there. They get it. They have the education but lack the drive to move forward. Fear hinders their momentum forward.
Donna J. Kelley one of the lead report authors said: “Women need to work on their confidence nad their perceived abilities. Entrepreneurship has to feel accessible to women. There needs to be local role models that say to women, I can do this. A need for practical education that lets women experiment with entrepreneurship and learn to become confident.”
It Got Me Thinking…
I know from personal experiences, fear is a huge learning curve for me. I’m afraid to fail in my business, especially during the early stages. As I’ve worked in the industry for years now, my confidence has definitely been the driving force to keep me moving forward.
What do you think?
Do you believe that women fear failure more than men?
Do you fear failure today?
What do you recommend us women can do to overcome our fear?
Looking forward to hearing your take.
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