The Rise of Entrepreneurial Women

There are more women business owners than ever before. The number of female business owners has doubled since 1979, and a quarter of the UK’s self-employed are now women* often stimulated by the need to juggle family and work life. 

The media has even given them their very own name: “mumtrepeneurs”! This is inspirational news for budding start-ups. A rise in redundancies and lack of work flexibility has encouraged many mums to set up shop at home. And why not! Not only are the overheads less, but they can manage their work around their family life. So don’t be put off by miserable economic forecasts or negative news. The evidence is out there: women are a force to be reckoned with in the business world.

If you are considering establishing your own company, consider these top tips:

  • Do your homework – you may think your business idea is great but is it really viable? Research existing companies that offer the same or similar services to identify your competition. This will help you understand whether there is a demand for your business initiative, how you will have to stand out from rival businesses and whether your goals are realistic. There could be more support out there than you think. Get in touch with us to find out more.
  • Plan – based on this research, make a detailed business plan that sets out your goals and how you plan on achieving these. This should include a budget plan so you know how much initial capital you need and for what.
  • Your team should reflect you – your employees could make or break your business. Ensure their outlook matches yours. They should be as passionate about their work as you are. A diverse mix of skills and experiences will add to your company’s potential and success.

So could this be the year you finally put that exclusive business idea into action? Why wait till tomorrow when you could be celebrating business success today!

For more information and guidance, find out about our Business Success Strategies for Startups.

Kind regards

Laura Ashley-Timms - Director of Coaching

*Figures taken from startups.co.uk