Single women in the US are becoming entrepreneurs at a faster rate than both married women and men, according to a report.
The report by economist Carlianne Patrick, of the Andrew Young School of Policy Studies at Georgia State University, was conducted to reveal the factors that motivate single women and their married counterparts to become entrepreneurs based on their martial status.
“The reality is that married and unmarried women appear to be motivated by different factors,” said Patrick.
According to the report flexible working and complete control over your work, along with not having to commute, are enough to convince a corporate worker to launch a startup.
It was also revealed that an area’s local perception of gender role does not affect single women who are still deciding to launch their own businesses. In the report it said: “It appears that married women are more likely to be influenced by society’s gender-role attitudes.”
The report found that single women who are entrepreneurs were more likely to be found in areas where the rates of self-employment were high overall.
“Unmarried women enter self-employment where there are more opportunities and where there is a stronger entrepreneurial culture,” the report said.
Women with children under the age of five were found to be more motivated in starting their own businesses, finding that mothers are more likely to take time away from work for childcare and become entrepreneurs as a result.
“If women are choosing between not working and self-employment, then efforts to help them become self-employed will create a job and generate earnings for someone otherwise out of the labor force,” Patrick added.
Single women said they are motivated to become self-employed because they think they will make more money, compared to married women who did not view money as a driving factor for becoming an entrepreneur.
Single women with more confidence, as measured by the Rosenberg test scores, were found to be more likely to be self-employed. However, confidence was not a factor for married men or women to become self-employed.