Men, women run family businesses differently

Men, women run family businesses differently

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May 01, 2008


STEPHANIE DALTON COWAN, GETTY IMAGES
Do you see yourself—or your boss—in these findings published in the Journal of Business Research about male and female owners of family businesses?

> Revenue of women-owned family businesses improves when relatives work there. When men hire family members as employees, revenue suffers. Why? Researchers believe women hire family members in good and bad times, but men may bring on relatives only as a last resort in bad financial times.

> When women owners reported sleeping less, revenue increased. When men slept less, their revenue decreased. Do sleep-deprived women have special insight into entrepreneurship? Researchers say not necessarily. It may be a result of how things are going when people lose sleep. Men devote more time to their businesses—and sleep less—when they're in financial trouble. Women sleep less regularly to manage both family and business responsibilities.

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