Small medium enterprises(SMEs) that are majority-owned by women are less likely than other SMEs to employ more than 20 employees.Women owners of SMEs tend to have fewer years of experience in the industries in which they operate compared with male owners of SMEs. More than 60% of self-employed women are “lifestylers” — entrepreneurs who are not actively seeking growth opportunities, but rather using entrepreneurship as a way to balance work and family demands. 79% of small business owners say that being an entrepreneur gives them the flexibility to take care of their family.Women still hold responsibilities of being the primary caregiver for children and increasingly aging parents as well. Recent studies show that even after controlling for human capital (e.g., experience, social and network capital) and firm-related factors (e.g., size, sector, innovation, age), Canadian women-owned firms are less likely to export internationally, access equity capital, or grow when compared to male-owned firms. According to recent statistics, 41% of women entrepreneurs say they are taken less seriously than male entrepreneurs.Women-owned enterprises earn less than men-owned enterprises. According to 2004 data, one-third of all women-run enterprises generated less than $50,000 in annual revenue, double the rate seen among men-run firms. At the same time, more than 20% of men-run firms earned annual revenue of more than $500,000 — almost double the rate seen among women.