For some time, the conventional wisdom was that women are more “attached” to their businesses than men. As a result, some observers felt that women entrepreneurs were less open to clear exit strategy (IPO or a sale) than their male counterparts.
This belief has little grounding in reality according to new research from Center for Women’s Business Research and MassMutual.
In a survey of successful business owners (firms more than five years old with more than $1 million in annual revenue), researchers found few differences between men and women in terms of their development of a long-term exit strategy.
Both men and women entrepreneurs had developed such a strategy, and both groups deemed price to be the key factor in determining whether to sell a business. Women business owners did express a greater concern about the sale’s impact on their employees.
First time women business owners were more reluctant to sell their companies. Serial women entrepreneurs showed no differences compared to men when it comes to propensity to sell their business.
Click here to learn more about the Center for Women’s Business Research Report, Exit Strategies of Women and Men Business Owners
© 2006 The Public Forum Institute and the National Dialogue on Entrepreneurship
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