Looking into the redirection of entrepreneurship: Changing the conversation around what it means for women to own businesses and run companies
MONTREAL- The entrepreneurship world continues to be a male-dominated field; however, there is a redirection with the inclusion of women in management positions, university roles, and CEO roles, reflecting an understanding of the contribution other entrepreneurs have on the economy.
“Women are incredibly resilient,” says Dr. Ingrid Chadwick, Associate Professor in Management at John Molson School of Business. Women entrepreneurs are one of the fastest-growing collectives worldwide; her research adds that there has been a thirty-percent increase in women entrepreneurs in Quebec this year, a general focus as part of the Women Entrepreneur Strategy Canada. Statistics Canada show that women-owned small businesses have made significant progress in expansion, export activity, and other relative areas over a ten-year period, while their male counterparts’ progress remains unchanged or minimal.
“Entrepreneurship is the best way for me to pursue all of my passions and have a healthy work-life balance,” says Montreal Entrepreneur Samantha Regimbal, who started her path to entrepreneurship several years ago. As the pandemic slows down, many women follow Regimbal’s footsteps to obtain a healthy work-life balance by pursuing their own goals in the business world.
Research on Female Entrepreneurship Theory by Loza Emile suggests that women entrepreneurship was ignored in academia until the 1990s, leaving a significant gap in statistics, analysis, theories, and advocacy between women business owners and their male counterparts. In September 2020, Canada’s Economic Development for Quebec Regions pursued further study, learning that encouraging and advancing women’s participation in the economy is profitable for the province and the country.
What changes are coming, and what changes still need to happen? Although over the years there has been a significant increase of women-owned businesses and changes in the conversation to make the business world more diverse, there are still learned behaviours and mindsets based on past ways of thought that slow down the progress rather than speed it up.
“If you don’t see it, it’s harder to believe it,” says Dr. Chadwick, as she discusses the value in ensuring that women in business are seen, acknowledged, and represented through research and their schooling. Dr. Chadwick emphasizes the importance of diverse and inclusive language when defining entrepreneurship in business schools. She describes how business departments that use masculine language can turn many people away from joining the program or diving into the business world. She states that her role as a professor is to work around the barriers and the stereotypes to ensure inclusivity and diversity in discussions, so students don’t avoid the conversation but become part of the change in it.
“We may have more women in the game, but if you look at the winner, the top of every company, the biggest players, our representation is laughable. The glass ceiling is still there,” Regimbal adds, “women, LGBTQ+, POC, and any systemically oppressed, need to be lifted to have an equal seat at the table. We need to empower people and give them the right opportunities.” She discusses how her business was treated as a “crafting hobby” and was not taken seriously by the people in her life and later by investors. Her experience is a common theme for women entering the business world. Statistics show that women start-up businesses continue to be less favoured, with less employment and a five-year catch-up period than their male counterparts. Regimbal’s strife is common for business holders that do not fit within the societal expectation of a ‘male business owner,’ proving that there is still work to be done and progress to be made for an inclusive and diverse professional world.
We hope to see balance in the future, where more entrepreneurs can join the business realm and redirect the mindset and outlook on what it means to be a businessperson. The statistics, the research and the conversations show redirection. However, we still need to continue the changes to expand views, values, and an understanding that all business owners deserve to be treated and viewed as business owners.