Male entrepreneurs hold a bigger share of businesses than women.
How much do they make compared to female entrepreneurs? How many of them are there? To find the answers to those questions, keep reading this article. Furthermore, you can also find out about other interesting statistics and differences of male entrepreneurs compared to female ones.
Check them out here!
Key Male Entrepreneurs Statistics (Editor’s Pick)
- 68% of small business owners in the US are men.
- Male entrepreneurs had an average annual revenue of $752,154 in 2019.
- On average, male entrepreneurs hire 12 employees.
- 25.7% of male entrepreneurs have less than 3 years of experience.
13 Male Entrepreneuers Statistics
1. 68% of the US small business owners are men.
While only 32% of all small business owners in the US are women, 68% are men, according to data from Guidant Financial. The large majority of small business owners and entrepreneurs are still men, despite the fact that the number of female entrepreneurs is on the rise.
Source: Guidant Financial
2. In 2019, 18.3% of men under the age of 65 started a business.
Every year, many men embark on an entrepreneurship story. For example, in 2019, 18.3% of men who are under the age of 65, started a business in the United States. This is according to Babson’s Global Entrepreneurship Monitor.
Source: Babson
3. More than seven in 10 men (73%) start a business to build wealth or make a lot of money.
Men become entrepreneurs and start businesses for many different reasons. When asked about it, 73% of men said they started a business to build wealth or make a lot of money. Moreover, 63% did it to make a difference in the world. Since jobs are scarce, 38% of men did it to earn a living. Finally, 32% of men started a business to continue a family tradition.
Source: Babson
4. For every 10 men entrepreneurs, there are seven women entrepreneurs.
According to Babson, there are more male entrepreneurs than female ones. Moreover, the ratio is seven to 10. That means that for every 10 male entrepreneurs, there are seven female entrepreneurs.
Source: Babson
5. 33.9% of men entrepreneurs receive funding support from entrepreneurship programs.
When it comes to receiving funding support from entrepreneurship programs, every third male entrepreneur receives it. These statistics from 2020 show that more male entrepreneurs (33.9%) receive funding support than women (23.8%).
Source: Writers Block Live
6. In 1996, there were 56.3% of male entrepreneurs.
In 1996, more than half of entrepreneurs (56.3%) were male. In comparison, in 2016, there were 60.51% of male entrepreneurs. This also means that in 1996, there were 43.7% of female entrepreneurs. Finally, there were also 39.49% of female entrepreneurs in 2016.
Source: Statista
7. In 2019, male entrepreneurs had an average annual revenue of $752,154.
When it comes to the average annual revenue, male entrepreneurs make much more money than female entrepreneurs. For instance, in 2019, male entrepreneurs made $752,154. This is a big increase in just one year, as in 2018, they made $473,152. For comparison, in 2019, female entrepreneurs $384,359. Finally, in 2018, female entrepreneurs made $228,578.
Source: Biz2Credit
8. Male entrepreneurs hire more than 12 employees on average.
According to male entrepreneurs statistics data from the Office of Advocacy, on average, male entrepreneurs hire more than 12 employees. For comparison, female entrepreneurs hire just over eight employees.
Source: Office of Advocacy
9. One in four male entrepreneurs have less than three years of experience.
According to research, 25.7% of male entrepreneurs have less than three years of experience, compared to 37.5% of women. Also, 24.63% of male entrepreneurs have more than 10 years of experience since starting their businesses. Finally, 22.48% have more than 20 years of experience. This data comes from a study conducted in 2021.
Source: Into The Minds
10. Almost half of the men report they have an entrepreneurial spirit.
According to the 2021 study by Into The Minds, 48.83% of men say they very much agree with the statement “I consider myself as someone with an entrepreneurial spirit”. On the other hand, so do 34.05% of women.
Source: Into The Minds
11. Before launching their business, 45.8% of male entrepreneurs search for potential clients.
A study by Into The Minds asked 840 European entrepreneurs what they do before launching their business. As it turns out, 45.8% of men first search for potential clients. Also, 41.5% of male entrepreneurs first write a business plan. Finally, 37.2% of them first do market research.
Source: Into The Minds
12. Out of all Generation Z entrepreneurs, 71% are men.
According to data from Guidant Financial, 71% of all Gen Z entrepreneurs are men. Moreover, out of those born between the mid-to-late 1990s and 2010, 29% are women.
Source: Guidant Financial
13. On average, men receive a loan of $44,000.
According to statistics data from Fundera, the average size of a loan for male entrepreneurs is around $44,000. On the other hand, female entrepreneurs receive an average loan of almost $39,000.
Source: Fundera
Final Verdict
To sum everything up, male entrepreneurs statistics show us how men are doing as entrepreneurs. Moreover, this data also helps us to compare male entrepreneurship statistics with female entrepreneurs statistics. Also, entrepreneur statistics show us how many male and female entrepreneurs there are and how things have been changing over the last years.
