PracticeConsultingWomen’s influence grows in start-ups

Women's influence grows in start-ups

Women are proving themselves as multi-tasking leaders, according to new research which reveals they are responsible for one in three new business start-ups.

Performing a successful juggling act in managing work and family commitments, women now own one in three small businesses with a turnover less than £1m, according to findings from a report Women in Business, complied by Barclays. The survey shows that, with the slow rise in the number of ‘new men’, women face challenges in running businesses since 80% are responsible for looking after children.

And where there are no children under 16, 82% of women compared to 27% of men take care of the housework as well.

Patricia Hewitt, MP for small business and e-commerce, said: ‘The review shows the progress women are making in business. But it also highlights difficulties women sometimes face. These issues give us food for thought.’

Accountant and former chairman of the ICAEW tax faculty, Anita Monteith, training provider director of start-up World of Training, that she and partners launched last April, said the research came as no surprise.

‘Women are well-placed to take part of what they did before maternity leave and set it up in a new format,’ said Monteith.

She attributed the trend of mothers setting up on their own as a result of a break from work, allowing them to ‘take stock’ during maternity leave.

Flexibility and a better quality of life were cited as reasons for becoming their own boss. Some 15% of women run their businesses on a part-time basis, meaning they are less likely to be the family breadwinner.

Links

To read more on Barclays’ report visit www.smallbusiness.barclays.co.uk

Interview with Anita Monteith

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer