The Shifting Landscape: 15 Male vs Female Business Statistics for 2024

The business world has historically been dominated by men. But over the past decade, we‘ve seen a rapid shift in both business ownership and leadership trends between genders.

As a small business owner and advisor for over 20 years, I‘ve witnessed this evolution firsthand. Female entrepreneurs face exceptional hurdles – yet continue growing their numbers and influence at record pace.

In this comprehensive, up-to-date look at male versus female activity in business, you‘ll discover insights on:

Current Breakdowns in Ownership

  • Rate increases in women-owned firms
  • Remaining disparities in revenue

Obstacles for the Female Entrepreneur

  • Access to capital statistics
  • Confidence gaps between genders

Pay Inequities Persist

  • The entrepreneur gender pay gap
  • Effects of the leadership ambition gap

Changes in Leadership Representation

  • Percent of women in executive roles
  • Growth trends over 5+ years

Male vs Female Dominance by Industry

  • Current gender divides across sectors
  • Areas seeing more balanced participation

Let‘s analyze the numbers shaping today‘s shifting business landscape across gender lines.

Surging Growth for Women Entrepreneurs

Women currently own 22.2% of businesses in the US, a huge increase versus less than 5% in the 1970s. Over the last decade, the number of women-owned firms also grew 114%, more than double the 44% rate among male-owned businesses.

The growth is encouraging, but revenue parity remains elusive. First year sales for woman-owned companies average 34% less than male-owned firms, per 2019 data. Closing this ambition and funding gap must be a priority.

Capital and Confidence as Key Hurdles

Behind the revenue divides, we see clear obstacles faced among early-stage female entrepreneurs compared to men:

  • Less Access to Capital – Woman-founded startups received just 2.3% of all VC funding in 2024, per Pitchbook. Bootstrapping remains more common.
  • Confidence Shortfalls – Studies show women have more anxiety about performance, judge themselves more harshly, and set more reachable goals in business. For example, female entrepreneurs target revenue growth of 5-10% versus 15-25% among male peers.

My perspective: Through 1:1 advising, I commonly see female entrepreneurs question their qualifications more intensely than men at equal levels of experience. Building our next generation‘s confidence and business acumen early is crucial to shifting investment patterns.

Unequal Earnings Among Entrepreneurs

The gender pay gap persists even among the self-employed. In 2022, self-employed women earned approximately 88 cents for every $1 earned by self-employed males:

  • Average male annual income: $74,168
  • Average female annual income: $65,390

Narrowing this earnings gap remains imperative to maximize our entrepreneurial potential across genders. According to Census data, businesses equally-owned by both genders consistently show 7% higher sales than male or female-only led firms. Shared talents yield better results.

Women Gaining Influence Across Industries

If we zoom in across sectors, we still see lopsided representation, especially in historically male-dominated industries:

  • Construction (90% male in 2024)
  • Engineering (86% male)
  • Technology (75-80% male)

However, we‘re seeing more balance and female leadership growth in areas like:

  • Accounting/Finance (60% female workers, 36% senior managers in 2024)
  • Healthcare (77% female workers, but just 29% executive team members on average)
  • Education (66% female teachers, 50% principals in 2024)

There‘s still much room for growth getting more women in the most influential leadership roles across industries. But trends are headed in a positive direction.

My take: We need more visible role models and mentors to inspire next-gen female leaders across all sectors and company sizes. Representation matters deeply. Early exposure to business concepts also plays a key role.

More Women Ascending to Leadership Roles

If we analyze manager and executive level positions at mid-large companies globally, female representation hit 36.9% in 2024 – up notably from 33.3% in 2016 per Deloitte.

While still not yet at parity, we‘re seeing many jurisdictions pushing toward more equal gender participation in boards and leadership teams.

Most companies also recognize leaders with diversity of gender, ethnicity and thought perform better commercially over time. But we still have key perceptual hurdles to address on confidence, qualifications judging, and opportunity access to maximize leadership potential regardless of gender.

The Bottom Line

While lopsided participation and pay still occur across sectors, female business ownership and leadership statistics continue trending strongly upward year over year.

Tapping and supporting the full entrepreneurial potential across genders, ethnicities and backgrounds boosts innovation and more balanced policymaking – improving whole economies.

Many barriers remain. But an array of initiatives across financing, mentoring and confidence building strive to level the playing field for every ambitious entrepreneur to reach their highest goals over time.

Judging by growth trajectories among female founders and business leaders, the future looks bright for gender balance in organizations of all sizes.