July 14, 2014
According to the 2013 Global Entrepreneurship Monitor, starting up is more of a rollercoaster for women than it is for men – with lower lows and higher highs.
The report included a comparison of happiness for early-stage men and women entrepreneurs (TEA), established business owners, and non-entrepreneurs in the US:
Men’s happiness stayed relatively constant whether they were non-entrepreneurs or early-stage entrepreneurs, and tripled as they became successful business owners. Women’s happiness, on the other hand, dipped by about 40% as they took the plunge but more than quadrupled as they became successful business owners. In the end, women owners of established businesses are over 65% happier than their male counterparts.
Why might this be the case? In general, psychology research has observed that women have a broader range of emotions – we get both sadder and happier than men. Entrepreneurship in particular may magnify the challenges women face in society, as they struggle to raise funding or recruit. Overcoming these obstacles may provide an extra boost of happiness once women become successful.
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