Management is the process of working with other people with the intention of achieving the determined organizational goals, while rationally using the existing resources. Leadership style has a special role in that process, since it refers to the way in which a manager inspires, motivates and encourages other people to fulfill their tasks. Management theory enumerates and describes the characteristics of different leadership models; from the trait models, behavioral and contingent to the contemporary leadership models. Manager’s task is to choose the leadership style that best suits the company and its position, while having in mind the goals and associates necessary to achieve the determined goals. In a fast-changing work environment, the company should be able to quickly adapt and respond to new situations. This paper provides an overview of the current research done on the differences and similarities between the female and male leadership style. The qualitative research conducted for the purposes of this paper is based on the interviews with female and male entrepreneurs. Although the results of the research presented cannot be considered representative, they substantially confirm the results of previous studies on the differences between female and male leadership styles.