Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Work-Life Balance the top reason Women become entrepreneurs, new research finds

by September 4, 2023
September 4, 2023
Work-Life Balance the top reason Women become entrepreneurs, new research finds

Work-life balance is leading driver behind the ‘marked rise’ in the number of women founding businesses across the UK, according to research from Small Business Britain.

The research revealed that 39 per cent of female entrepreneurs launched their business in order to improve their work-life balance.

It was also found that 25 per cent jumped into entrepreneurship having reassessed their careers after having children, while 30 per cent became entrepreneurs to take greater control over where they worked .

Responding to the news Sue Mountford, CEO of Team ITG, commented: “Women in leadership often battle with the idea of “having it all”, balancing a career and a family while being expected to be perfect at both. The reality is that “having it all” is a myth for the vast majority – I personally felt guilty when I was at work and wasn’t at home with my child and then felt guilty when I was at home not working – and that makes having a work-life balance that works for you absolutely essential.”

“Entrepreneurship offers women a powerful way to build a career that works for them, and that applies to both starting a business as well as climbing the ladder within an organisation. It is important to find yourself in an environment with flexibility and empathy to support shifting working hours, returning to work after children, and general workplace support. Technology and policy can play a key role in this, but first and foremost women must prioritise themselves and create a work-life balance that fits around their lives, and entrepreneurship is a brilliant way for women to thrive.”

Sheila Flavell CBE, Chief Operating Officer for FDM Group, said: “Women returners continuously get overlooked in the workplace after taking a career break, especially with the rapid rate of technology evolution that can make picking up a career difficult. It is great to see the rise in female entrepreneurship, but it is also important that organisations take a proactive approach to support women returning to work, providing them with digital skills training and access to technology that can make the transition easier.”

The Rose Review 2023 recently highlighted a doubling of female entrepreneurs since 2018, with a record 151,603 businesses founded in 2022. It was also found that the number of female-led businesses grew by 16 per cent last year.

Joanna Kori, Head of People at Encompass Corporation, commented: “There is no denying that now, more than ever, achieving a good work-life balance is a priority across the workforce, so it isn’t surprising that an increasing number of women are attempting to find that by starting their own ventures.

“Particularly when it comes to an industry such as technology, female founders and executives act as role models for the rest of the industry and the leaders of tomorrow, showing that building a successful career can be balanced with the priorities of family life and passions outside of work.

“Taking an open and proactive approach can open the door to really feeling the benefits of a positive work-life balance, no matter the circumstance. From starting a business from scratch to working as part of a large organisation, focusing on flexibility and giving people the opportunity to make work work for them is key. Flexible working policies, for example, can be central to empowering women, and all workers, to prioritise the life and wellbeing choices that are important to them while meeting their professional goals. When it comes to business, this can, in turn, positively impact productivity and staff retention.”

Read more:
Work-Life Balance the top reason Women become entrepreneurs, new research finds

0
FacebookTwitterGoogle +Pinterest
previous post
Tata Steel close to securing £500m funding from UK government to safeguard Port Talbot site
next post
Texas pushes back as Biden admin digs up old fight over lizard that could ‘cripple’ state oil industry

You may also like

House price fall is worst in 14 years

September 14, 2023

Tax agency stopped from operating by HM Revenue...

February 20, 2023

UK inflation rate falls for first time since...

August 16, 2023

BYDFi Officially Launches On-Chain Trading Tool MoonX, Ushering...

April 27, 2025

Why Choose a Non-GamStop Casino?

April 3, 2025

HMRC’s tax gap for financial year 2021 to...

June 22, 2023

FOMO about ROMI? How do you know when...

September 11, 2024

Crisis communications in the modern era: How dealing...

April 3, 2023

myenergi secures £30m from HSBC UK to drive...

April 13, 2023

HMRC targets specialist agents in crackdown on R&D...

November 18, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,558)
    • Stocks (3,134)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved