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Women are choosing Entrepreneurship in a bid to work more flexibly

According to a new survey by Minister for Women and Equality Harriet Harman more women are setting up their own businesses in a bid to work more flexibly.  Three quarters of those surveyed said the work family life balance is better when you run your own business, rather than being an employee.

Additional findings from the survey include:

* More than three quarters (78%) gained greater independence from setting up their own business, two thirds (66%) increased confidence, and 60% said it gave them greater self-worth.
* Other reasons for women started their own business are to be their own boss (65%), to be able to work from home (61%), to get more job satisfaction (53%), to achieve a better work-life balance (52%).
* The proportion of manual/unskilled (C2DE) female entrepreneurs is increasing - 55% set up their business in the past five years, compared with 47% of professional/skilled women (ABC1), indicating that starting up a new business is not just for those with degrees.

Female entrepreneurship in the United Kingdom is increasing. There are now more than one million self-employed women - a 17 percent rise since 2000. But the gap between female and male entrepreneurship remains stubbornly wide. Despite women making up half of the UK population, they only constitute 27% of the self-employed.

The survey marks a reception hosted by Ms Harman and John Hutton for women in business to celebrate their contribution to the UK economy.

Ms Harman said:

""Mothers often tear their hair out trying to balance earning a living with bringing up their children, and need more flexibility from their work. Setting up their own business can be the solution.

"But we need to encourage more women to take the plunge. Men are almost twice as likely as women to start a new business. That's why we are determined to close this gap by providing solid support and encouragement."

The research also points to the fact that employers are failing to meet the needs of women workers and this certainly should not be ignored. Today the government has announced that the extension of the flexible working for parents of older children, many will hope this is the first of many steps in the right direction for flexible working.

posted by publisher

ENDS

WOMEN ENTREPRENEURS SURVEY KEY FINDINGS (NATIONAL
)

Surveyed: women who have started their own business.
Overall

* Nine out of ten women (86%) said that having set up a business they would be likely to do it all over again.
Reason for women starting their own business
* To work more flexibly (70%)
* To be their own boss (65%)
* To be able to work from home (61%)
* To get more job satisfaction (53%)
* To achieve a better work-life balance (52%).
Work family life balance
* Three quarters (75%) felt their work life balance was better running their own business than they did as an employee.

What women gained from starting their own business


* More than three quarters (78%) felt they had gained independence
* Two thirds (66%) has increased confidence
* 60% said it gave them greater self-worth
What would have made it easier to start-up
* A third (34%) thought more encouragement from the Government would have helped.
* 27% would have liked easier access to finance
* 23% would have liked a mentor
Social class
* The proportion of manual/unskilled (ABC1) female entrepreneurs is increasing - 55% set up their business in the past five years, compared with 47% of professional/skilled (C2DE).
Gender
* Three quarters (74%) of female entrepreneurs felt that successful business women have to be better than men.
Concerns when starting up
* Fear of failure - a minor concern for 44%, significant concern for 27%. However, actual failure rates are on a par for both male and female entrepreneurs.
Research was conducted online by YouGov between 30th April and 7th May. YouGov interviewed a sample of 1,026 UK women who have started their own business. Results have not been weighted. YouGov is a member of the British Polling Council.

 

Posted by, Asif Yusuf


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