Business performance results were collected from small business entrepreneurs in one Mid-western state operating in the retail and services industries. These industries account for more than 80 percent of female entrepreneurs' fields of operation. The pattern of reported firm performance between the genders indicated that male entrepreneurs with a high school education reported the highest firm performance scores overall. Female entrepreneurs with a college degree reported the highest firm performance scores among female entrepreneurs. Aspiring female entrepreneurs need to be encouraged to complete higher education as it translates into strong future business performance.
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Swinney et al. (2006) studied this question.
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