Zicklin GEM U.S. Report Issued
The happiness levels of American women entrepreneurs are surging as they assume the role of successful business owner, according to the 2013 Global Entrepreneurship Monitor (GEM) U.S. Report issued by Babson College and Baruch College. Established female business owners ranked their well-being more than twice as high as non-entrepreneurs and non-business owners.
The GEM U.S. Report is authored by Babson professors Donna J. Kelley, PhD, Abdul Ali, PhD, Candida Brush, PH.D, Andrew C. Corbett, PhD, and Mahdi Majbouri, PhD, with Thomas Lyons, PhD, and Edward G. Rogoff PhD, contributing from Baruch College.
“Unquestionably, people who run their own businesses in the United States are very satisfied with their lives,” commented the GEM U.S. Report’s lead author, Donna J. Kelley, Babson College Associate Professor of Entrepreneurship. “Women entrepreneurs show a substantial boost in well-being as their businesses mature, demonstrating the personal return on investment that comes with venturing into entrepreneurship. Our research found that the benefits of entrepreneurship extend beyond economic and social value. Clearly, entrepreneurship provides women a most satisfying career choice.”
In addition to studying total entrepreneurial activity levels, the GEM U.S. Report analyzed entrepreneurship among seniors and looked at the differences in entrepreneurship among four geographically diverse states: California, Michigan, New York, and Texas.
This unique entrepreneurship research, conducted in 70 economies worldwide, examines how many individuals are participating in entrepreneurship, the types of businesses they are starting or operating, and societal attitudes about entrepreneurship.
This is GEM’s 15th-annual survey of entrepreneurship around the world. With a decade and a half of data collection, GEM provides a comprehensive look at entrepreneurship on a global level over time, providing valuable insights for academics, policy makers, educators, and practitioners.
About the Author
Erin Purcell
Staff Writer, covering MetroMBA's news beat for New York, Philadelphia, and Boston.
