• Skip to main content
  • Skip to footer
logo
  • Processing Solutions
    • Point-of-Sale Processing Solutions
    • In-Store
    • Mobile
    • Online
    • All Payment Services
  • Business Solutions
    • Grocery
    • Restaurants
      • Full Service Restaurants
      • Quick Serve Restaurants
      • Food Trucks
    • Retail
      • Smoke Shops
    • Salons & Spas
      • Health & Wellness
    • Automotive
    • Professional Services
  • More Tools
    • Capital
    • Business Credit Card
    • Payroll
    • Marketing
    • Loyalty
    • Inventory
    • Team Management
    • Gift cards
    • Cash discounts
    • Dashboard
    • Websites
    • Scan Data – Velocity ProPak
    • QR Codes
    • All Tools
  • Resources
    • FAQs
    • App Marketplace
    • Client Support
    • EBT Update
    • YouTube Videos
  • Blog
  • About Us
    • About Us
    • Affiliate Program
    • Careers
    • Update my TIN
    • Order Supplies
Client Login Contact Us Free Custom Quote

Here are 5 Key Differences Between Female and Male–Run Businesses

November 7, 2018

women_men_business_owners

 

Both men and women today are capable of starting and running highly successful businesses. However, despite the success of both male and female-run businesses, there are many differences between the two, beginning with the reason men and women start businesses to the management style to the ultimate goals of the business.

While these differences between male and female-run businesses certainly don’t always apply to every business, several studies, including studies from the SBA, have reported significant differences inherent in many of the businesses operating today.

 

1. Men and Women Often Start Businesses for Different Reasons

The primary reason men typically start a business is to make money, while women usually seek to start a business in order to improve the balance between their work and family lives. And while men will spend a significant amount of time focusing on their business and seeking to grow it, women are more concerned with maintaining that healthy balance, and do not consider more wealth to be the driving factor.

 

2. Women-Owned Businesses are More Empathetic and Family-Friendly

Female-owned businesses tend to offer employee benefits that are more family-friendly, along with a focus on a work environment that fosters positive morale and improvements in productivity. Men will focus more on the bottom line, which can cause problems in the workplace if employee needs and expectations aren’t adequately fulfilled.

 

3. Men Delegate Work Responsibilities More than Women

Men seem to have no problem assigning tasks on a consistent basis, and will often do so without concern for giving employees excessive workloads. Women who have spent considerable time working in the home and raising a family before starting a business are used to doing a multitude of tasks themselves, and find it harder by nature to give up some of the workload.

 

4. Men Sacrifice Time With Family More Than Women

As mentioned above, women typically start their own business in order to have a healthier balance between work and family time. However, they will also sacrifice much of their own “me” time in order to attend to the needs of both business and family. On the other hand, men tend to sacrifice family time for the needs of business.

 

5. Men Take More Financial Risks Than Women

Research has shown that men are willing to be more risky with finances, while women are more conservative.

None of these differences between male and female run businesses show that one is any better than the other. Rather, it showcases that men and women both have equal ambition and skill at running a business, but also different goals.

Looking for a business partner who brings incredible passion and payment processing solutions that will help you grow your business?  Click here to find out more. 

 

Categories: Balancing Work and Home, Business Insight, Credit Card Processing, Entrepreneur, Small Business, Women in Business

Speak with a Small Business Specialist

Payment Solutions

  • Terminals / In-person
  • Point-of-Sale Processing Solutions
  • Websites

Business Solutions

  • Grocery
  • Restaurants
  • Full Service Restaurants
  • Quick Serve Restaurants
  • Salons & Spas
  • Retail
  • Health & Wellness
  • Professional Services

More Tools

  • Capital
  • Cash discounts
  • Payroll
  • Marketing
  • Loyalty
  • Inventory
  • Team Management
  • Gift cards

Resources

  • FAQs
  • EBT Update
  • Client Support
  • YouTube Videos

About Us

  • About Us
  • Affiliate Program
  • Join Our Team

Velocity Merchant Services

3051 Oak Grove Rd. 2nd Floor
Downers Grove, IL 60515
Phone: 888-902-6227
Fax: 888-902-6229
info@getvms.com

Velocity Merchant Services (VMS) is a registered ISO of Deutsche Bank Trust Company Americas. The Clover® trademark and logo are owned by Clover® Network, Inc., a First Data company. EMV® is a registered trademark in the U.S. and in other countries, owned by EMVCo, LLC. Apple Pay®, Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. All other trademarks, service marks and trade names referenced in this material are the property of their respective owners.

Copyright © 2023, All rights reserved, Velocity Merchant Services Privacy Policy|Terms of Use

This website uses cookies to improve your experience. Accept Reject
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
Seamless Integrations

All your orders sync directly to your kitchen printer and Clover device. Making for a streamlined workflow for your employees.

Disclaimer

By providing your contact information, you consent to receiving calls and/or text (“SMS”) messages from us including those made by use of an automatic telephone dialing system (“ATDS”) about our relevant content, products and services. Standard messaging & data rates apply.

Clover Station 2.0 Point-of-Sale

This all-in-one POS solution includes everything you need to streamline your business. 

More counter room thanks to a space-saving design: The 14-inch, HD display and screen swivel feature keep customer engagement clean and simple.

Faster apps and business: Let the 8-core, state-of-the-art Qualcomm® Snapdragon™ processor and 4GB memory handle the toughest tasks.

Modern payment technology: Accept mag stripe cards, EMV chips, contactless payments and more.

A versatile app market: Use Clover’s robust apps to give your business endless possibilities.