Women often don’t think they are capable of launching their own businesses, which is one reason there are significantly fewer female entrepreneurs than male entrepreneurs, according to the Global Entrepreneurship Monitor 2012 Women’s Report released today.
What’s more, women report being generally more afraid of failure than their male counterparts, according to the research, jointly sponsored by Babson College in the U.S., Universidad Del Desarrollo in Chile, and the University Tun Abdul Razak in Malaysia. The 2012 GEM survey, the 14th of its kind, surveyed 198,000 people in 69 countries. The GEM Women’s Report looked at 67 of those economies.
In all but seven of the countries surveyed, women represent a minority of the nation’s entrepreneurs. The seven economies where there are as many or more women as men entrepreneurs are Panama, Thailand, Ghana, Ecuador, Nigeria, Mexico and Uganda, the report says.