A new study has revealed that female entrepreneurs are less likely to give up on their businesses than their male counterparts.
Men are 14% more likely to leave their business, whereas women were more likely to stay at the helm , even though they were earning less from it.
The study looked at over 1,500 businesses from 2009 to 2016 to come up with its data and found that 16.3% of women quit their start up each year, with 18.6% of men leaving, despite them facing more barriers.
While respondents were not specifically asked their reasons for quitting their business, an inferred reason was that female company owners were more likely to work from home and less likely to rely on their firm as a primary source of household income.
The research found women start businesses with 53% less capital on average than men, are less aware of funding options and less likely to take on debt.