⚡ Get All Content for 20% Off ⚡

U.S. Is No. 1 for Women Entrepreneurs, But There's Still Room for Improvement Women business owners around the world face more challenges than their male counterparts, according to a new report from Dell.

By Jason Fell

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock.com

BERLIN -- It's something we've all known to be true, but today we have some hard numbers to prove it. Here at the Dell Women's Entrepreneur Network Summit, tech giant Dell has announced the results of the first-ever Global Women Entrepreneur Leaders Scorecard. The results aren't pretty.

The scorecard analysis looked at women's opportunities and challenges as business owners to "launch, scale, create jobs and disrupt industries" across 31 countries, Dell says. Those opportunities and challenges were evaluated over five key categories:

  1. Relative business environments
  2. Access to resources
  3. Leadership and rights
  4. Pipeline for female entrepreneurship
  5. Potential for high-growth women-owned businesses

The results show that gender-based differences "stifle the growth of women-owned businesses" in all of those countries. The majority of the 31 countries in the study score below 50 percent. This, Dell says, demonstrates a significant growth gap between female- and male-owned businesses.

Related: Are Men Better Entrepreneurs Than Women? That's the Perception.

"The success of entrepreneurs and small businesses is critical for a thriving global economy, and at Dell we believe women entrepreneurs must play a much more prominent role in business and leadership in the future," said Karen Quintos, senior vice president and chief marketing officer at Dell.

While the U.S. ranks No. 1 on the list as the best place for women entrepreneurs due to its overall favorable business environment and women's job mobility in the private sector, it scored a 71 on a 100-point scale. In other words, there's still a lot of room for improvement.

Scorecard Country Rankings:

Related: Why Banning Salary Negotiations Won't Close the Gender Pay Gap

Among its many recommendations, Dell says that women need more equitable access to resources such as education, Internet, financing and training; more women should hold leadership at businesses large and small; and that governments should play a more important role, awarding more public-procurement contracts to women-owned businesses.

As part of the announcement, Dell says it is partnering with the Cherie Blair Foundation to match emerging female entrepreneurs in developing economies with mentors from Dell's own business network. Research for the Global Women Entrepreneur Leaders Scorecard was conducted by George Mason University in Washington, D.C. Dell says the data used was sourced from the Global Entrepreneurship Monitor, World Economic Forum, World Bank, UNESCO and others.

In a separate initiative, Dell last month announced the Global Entrepreneurship Call to Action which aims to get at least 100,000 signatures from entrepreneurs and other business leaders to support the passage of UN Sustainable Development Goal 8. This particular goal promotes "sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all," according to the UN.

Click to Enlarge+
U.S. Is No. 1 for Women Entrepreneurs (Infographic)

Related: Dell Launches Effort Supporting UN's 'Goal 8' to Enhance Global Entrepreneurship

Jason Fell

VP, Native Content

Jason Fell is the VP of Native Content, managing the Entrepreneur Partner Studio, which creates dynamic and compelling content for our partners. He previously served as Entrepreneur.com's managing editor and as the technology editor prior to that.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'

Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.

Business News

AI Is Impacting Jobs. Here Are the Gigs Affected the Most, According to an Analysis of 5 Million Upwork Postings

The researcher said in the report that freelance jobs were analyzed first because that market will likely see AI's immediate impact.

Leadership

Former Interrogator Shares 5 Behaviors Liars Exhibit and How to Handle Them

Five deceptive behaviors to look for and how to respond to those behaviors when you encounter them.

Money & Finance

4 Promising Industries Investors Should Be Watching in 2024

Wondering whether your industry is on the decline or set to expand? Read on for these predictions on the best sectors for growth in 2024.