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
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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
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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)
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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
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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
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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
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