Female entrepreneurs earn nearly 17% more than men
It is totally inspiring to read the statistic that female entrepreneurs aren’t just breaking through the glass ceiling, they are smashing it to pieces as they earn nearly 17% more than men in the same position.
The statistic comes from a global survey of more than 2000 clients by Barclays Wealth & Investment Management. It points to women being better able to earn the kind of cash that matches their endeavours in an entrepreneurial environment – where they are mistresses of their own and their business’s destiny – than when they are employees and have to negotiate salaries with their employers.
What better incentive is there to unshackle yourself from years of employment and set yourself up in business? And of course, for us mothers, a benefit of taking a maternity break is having the chance to reassess your career path and a benefit of motherhood is that it can give you the true grit you need to forge a way to work around what is best for you and your family.
If you want to succeed as an entrepreneur you do need to work really hard at it. But the reward is that you have the flexibility to work around family commitments and the ability to set your own rules. No more old boys’ networks, no more working for organisations where the women are the doers, whilst a bunch of men sit on the board.
The ultimate proof that entrepreneurialism is great for women, is the contrast between the statistic of female entrepreneurs earning nearly 17% more than men in the same position, compared with the statistic that women in employment earn on average 15% less than male colleagues.
At a time when many families are having their Child Benefit cut or stopped, and a time when childcare is a huge expense that can take women out of the workplace because they simply can’t afford to work – even if their family really needs the financial security of them being in work – it is heartening and inspiring to know that there are female entrepreneurs out there who aren’t just making ends meet, they are smashing it!
So, to all your fellow women and mothers starting out in business, let’s take 2013 as our chance to smash through the glass ceiling and reach for the stars.