This paper conceptualizes entrepreneurship as a gendered process shaped by dynamic, context-specific structures in order to balance the underestimation of external factors and overestimation of individual factors in existing gender and entrepreneurship studies. It presents research from Botswana that reveals striking differences between men, women and their businesses in terms of capital, access to resources and business outcomes. It explores the broader cultural, legal–institutional and political factors that are inherently gendered and that manifest themselves in the entrepreneurial sector. In both instances, women's business endeavours are consistently subordinate to those of men and gender dynamics constantly reproduce themselves to the detriment of female entrepreneurs.
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