The Collective Wisdom of Female Entrepreneurs: Success Factors That Contribute to Positive Financial Growth for Entrepreneurial Companies

Female entrepreneurs are creating businesses faster than the national average, but their average revenues are a quarter of male-owned business revenues. This thesis examines the critical factors that contribute to successful financial growth for female entrepreneurs. After reviewing the existing literature, six female entrepreneurs were interviewed about their financial growth experience. Using a narrative methodology, the author analyzed the stories in light of the literature and defined key success factors for financial growth. Four important characteristics emerged – vision, self-awareness, profitability mindset and confidence – that female entrepreneurs need to succeed during times of rapid growth. The entrepreneurs also relied on an internal finance expert, bootstrapping as a funding mechanism, and a strong management team to pursue financial growth

The Collective Wisdom of Female Entrepreneurs: Success Factors That Contribute to Positive Financial Growth for Entrepreneurial Companies

Female entrepreneurs are creating businesses faster than the national average, but their average revenues are a quarter of male-owned business revenues. This thesis examines the critical factors that contribute to successful financial growth for female entrepreneurs. After reviewing the existing literature, six female entrepreneurs were interviewed about their financial growth experience. Using a narrative methodology, the author analyzed the stories in light of the literature and defined key success factors for financial growth. Four important characteristics emerged – vision, self-awareness, profitability mindset and confidence – that female entrepreneurs need to succeed during times of rapid growth. The entrepreneurs also relied on an internal finance expert, bootstrapping as a funding mechanism, and a strong management team to pursue financial growth

The Collective Wisdom of Female Entrepreneurs: Success Factors That Contribute to Positive Financial Growth for Entrepreneurial Companies

Female entrepreneurs are creating businesses faster than the national average, but their average revenues are a quarter of male-owned business revenues. This thesis examines the critical factors that contribute to successful financial growth for female entrepreneurs. After reviewing the existing literature, six female entrepreneurs were interviewed about their financial growth experience. Using a narrative methodology, the author analyzed the stories in light of the literature and defined key success factors for financial growth. Four important characteristics emerged – vision, self-awareness, profitability mindset and confidence – that female entrepreneurs need to succeed during times of rapid growth. The entrepreneurs also relied on an internal finance expert, bootstrapping as a funding mechanism, and a strong management team to pursue financial growth