Women 'must out-do men to succeed in business'

Three-quarters of female entrepreneurs think they must out do their male counterparts to succeed in business, a survey has found.

The survey, commissioned by the Cabinet Office, also showed that a third of respondents thought more encouragement from the government would make the start-up process easier. Despite this, 86% said they would be happy to set up in business again.

Some 70% said the biggest motivation for setting up on their own was to be able to work more flexibly. Indeed, three-quarters (75%) said the balance between work and family life was better when running your own business.

"We need to encourage more women to take the plunge," said Harriet Harman, women and equalities minister. "Men are almost twice as likely as women to start a new business. That's why we are determined to close this gap by providing solid support and encouragement."

The survey results were released to coincide with the launch of the Girls! Make Your Mark awards. The awards will recognise the achievements of female entrepreneurs and aim to encourage more women to set up in business.