Female entrepreneurs are more risk adverse than their male counterparts, an expert has claimed.
According to comments made by Karen Gill, one of the founders of business service Everywoman, female entrepreneurs are more likely to be risk adverse than their male peers and less likely to take a gamble with loans.
However, despite the aversion to risk, 987,000 women in the UK have chosen to become self-employed, according to data released by the organisation. "Women tend to be more risk adverse when it comes to taking loans. Plus, they have less capital available due to their earnings being less than men in the workplace," said Ms Gill.
"One of the biggest barriers women have to overcome to start up a business is their own lack of confidence to do so," she added. Indeed, the organisation also found during a poll that one out of every three women do not choose to start their own small to medium-size enterprise because of the fear that they might fail.
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