Women usually have less experience as business owners or managers than men.

True. As a general rule, men have more experience as business owners and managers. For wholly owned women businesses, 9.3% of the owners have less than five years of experience; the figure for men-owned businesses in the same category is 5.8%. Furthermore, 73.3% of 100% men-owned businesses are run by owners with more than ten years of experience, while the corresponding figure for women entrepreneurs is 65.2%.⁷