Canadian Women Entrepreneurs. “women entrepreneurs are one of the fastest growing segments of the Canadian Economy”. Presentation looks at: Why or what women need in starting or running a business? What do women want as a reason for starting or running a business?
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Presentation looks at:
These are …
Stay-at-home – women recognize the benefits of working from home.
60% of lifestylers; balance work and family.
Economic; either poor working conditions or need for $ force them into SBE.
Later in life; huge impact on the growing trend of women in SB.
Note following charts…
Married Women – 40%
Single Women – 32%
Reasons for differences
According to an RBC study, women are less motivated by money then men.
Women admit that they would on average make more money working for others over working for themselves.
69% of women and 64% of men note that they own their own business because of love for what they do. Therefore the findings are pretty similar among the genders.
Women have less of a desire to be their own boss.
Women are still not taken as seriously as men in the business world. Look at next slide.
Equality of revenue between women and men.
These challenges come from the article, “Women Entrepreneurs and Access to International Networks,” by Susan Ward. Found on about.com website, where the Women Entrepreneurs of Canada Network exists.
Working long hours
According to EmpoweredWomen.com’s findings.
According to the CIBC findings:
According to EmpoweredWomen.com findings:
1. Unincorporated is unique to women.
Less than 5 years
More than 5 years
According to CIBC study and looking at the data from EmpoweredWomen.com, women have a tendency to respond more to the economic cycle.
1990 – Men and women self-employment very similar.
2000 – From the late 1990s as the economy fell there was an increase in women being forced to start their own businesses or to work on their own.
2001 – As the economy started to correct itself, women were forced back into working for others.
2005 – Again women are on the rise again, but this time it is primarily due to negative working conditions.
2010 – EW predicts that statistics will soon show women holding their own. Men’s statistics tend not to make drastic changes, while women gain at a fair pace. This reflects the improved working conditions that women face when starting their own businesses or working for themselves.
Primary Growth (according to CIBC study, from 1989-2004)
BC – approx. 90% growth in women becoming self-employed
AB – approx. 75% growth in women becoming self-employed
ON – approx. 55% growth in women becoming self-employed
Problems in Eastern provinces primarily due to economy; for women it is a lack of skills and experience.
Women in Business Their RecommendationsFrom “Cracking The Corporate Market Difficult for Women Entrepreneurs,” from sbinfocanada.about.com.
Database (set it up)
Institution (set it up)
“It is clear from the latest census results that women represent the future of self-employment in Canada.”