Rationality essential for new startups

Female entrepreneurs have a higher rate of success due to careful consideration of risks

Business experts urged young entrepreneurs to be more rational with business startups after a report published on Monday found that many of them launched startups with little experience or preparation.

Published by the Ministry of Human Resources and Social Security, and Chinese microfinance pioneer CreditEase, the report on Chinese entrepreneurs under the age of 35 also found more men start businesses in China. About 60 percent of the 4,329 entrepreneurs interviewed for the report are males.