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Women in business

More women are waking up to the realisation that they can have it all - a business and a family. Between 1981 and 1997, the number of self-employed women in the UK increased by 86%. In the same period the number of self-employed males increased by 38%. Although female self-employment has increased at a faster rate, women still constitute a minority (about 35%) of the total self-employed.

A survey by NatWest bank found that women entrepreneurs are less driven than men by the desire to make a lot of money, instead they are more motivated by the sense of personal satisfaction in providing a service. According to 'Women in Business: Perspectives on Women Entrepreneurs' - Allen & Truman (1993), getting finance proves particularly difficult for women. His is predominantly due to the stereotyped views of lenders who emphasise women's childbearing and rearing responsibilities in construing them as a high risk.

Self-employment tends to be a midlife choice for women, with the majority starting up businesses after the age of 35, half of self-employed women have at least one or more dependent children and a fifth have at least one child under five.

Share Your Experiences

Are you a female entrepreneur? Are you willing to share your experiences on why and how you started your business, on whether you faced any obstacles or received useful advice or help. Why not get in contact with us email us at: info@businessvision.co.uk

Useful contacts & further information

Phoenix Fund
Includes a development fund designed to encourage projects to support entrepreneurs from under-represented groups, including women.
Tel: 0114 259 7463

Small Firms Loan Guarantee Scheme
Designed to provide loans from banks and other institutions to small businesses that have viable business proposals but have failed to obatin conventional loans because of lack of security.
Tel: 0114 259 7308/9
Email: sflgs@sbs.gsi.gov.uk

Scottish Businesswomen
An online business centre for women run by Wellpark Enterprise Centre and Scottish Enterprise.
www.scottishbusinesswomen.com

Wellpark Enterprise Centre
Integrated women's business centre in the UK.
Tel: 0141 550 4994
www.wellpark.co.uk

Women's Unit
The Women's Unit develops policies across government to deliver practical improvements to women's lives and ensure they have choices and opportunities to fulfil their potential.
Tel: 020 7273 8800
www.womens-unit.gov.uk

Federation of Black Women Business Owner

Is a non-profit making organisation, set up to provide support network for Black Women Business owners. Address: Suite One, Two Tunstall Road, LONDON, SW9 8DA, Tel 020 7978 9488 Fax 020 7978 9490 Email: asapcoms@dircon.co.uk


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