Do women start fewer businesses than men do?
Are there certain issues that women entrepreneurs are facing in Quebec?
According to the Women Entrepreneurship Strategy from Canada Economic Development for Quebec Regions (CED), a number of challenges remain in the world of women’s entrepreneurship. These challenges fall into three main categories:
- Access to financing (lack of savings, inadequate or inappropriate public financing, difficulty securing private financing)
- Availability of land and value of agricultural assets
- Work and family: doing double duty and striking a balance
Not only does lack of savings constitute a problem in and of itself, but it also hinders access to financing given that most financial institutions require some kind of assets for the financing to be approved. The proportion of women who get their financial support from family and friends is 22.5%, as compared to 9.9% for men.
The CED also reports that women entrepreneurs think of themselves as being less skilled at negotiating and devote less time to business networking than men do. At the same time, there is greater need for entrepreneurship coaching among women than men.