Female Entrepreneurs Have Eye on Growth - 1 in 5 Female entrepreneurs intend to hire more staff, creating 360,000 jobs in the next 12 months
|
|
Business Related Topics...
Entertainment, Recreation & Sports Related Topics...
Health & Fitness Related Topics...
Home & Family Related Topics...
You are here: DIME Home > Entrepreneurs > Female Entrepreneurs Have Eye on Growth
1 in 5 Female entrepreneurs intend to hire more staff, creating 360,000 jobs in the next 12 months
Author: Charlotte Rivington
Date: Feb 8, 2012 - 7:47:59 AM
Printer friendly page
Female entrepreneurs could give a much needed boost to the UK economy, a survey for Intuit, makers of QuickBooks financial management software for small businesses, has found.
Despite the gloomy economic conditions, one in five women business owners (22%), say they plan to take on more staff in the next 12 months. Of those, 8% intend to hire one new employee, another 8% intend to hire two to five employees and 6% intend to hire more than six employees within the next 12 months.
With an estimated 620,000 majority women owned small business in the UK this would create more than 360,000 new jobs over the next 12 months.
The Intuit survey also revealed a strong entrepreneurial appetite from women who are not yet running their own business. Almost half (49%) of all women surveyed were interested in setting up a business in the future, and 23% of prospective female business owners are planning to launch their new venture in the next year.
The top motivations for women to set up a business were flexible working hours (57%), being their own boss (48%) and working from home (45%). Looking ahead, 47% of female entrepreneurs think there is no ideal time in life to start up your own business – you can start it at anytime as long as you have a great business idea.
Samantha Mayne is an entrepreneur and small business owner in Teddington. She set up TriAdventure, an adventure based events company in 2009. She said:
"It's been a lot of hard work, but now the risk has paid off and the business is doing well. We have ambitious plans to grow the company in the next 3 to 5 years, and I hope to hire someone else in the next couple of years. There's no right or wrong time to start a business, as long as you've got a great business idea and the motivation to make it work, I'd say to go for it!"
Pernille Bruun-Jensen, managing director, Intuit UK said:
"If there was ever a time to bring the 'she-economy' to the UK, now is it. With so many women wanting to be their own boss and fit work around their busy lives, there is an army of would-be entrepreneurs out there who could help drive the UK economic recovery. The Federation of Small Business says that if we had the same level of female entrepreneurship as the US, there would be an extra 600,000 women-owned businesses here, adding £42 billion to the UK economy. But while almost half of women in the UK say they would like to run their own business, only about 8% actually do. It is clear we need to do more to encourage these business savvy women and give the British economy a much needed helping hand."
How can budding entrepreneurs turn their dream into a reality? Intuit offers these five tips for getting started:
1. Don't let fear stop you. Starting a business can be scary even if you have a well-researched and viable idea. Whether it's simply fear of failure or fear of the unknown, this is a key barrier that stops women from opening a business. Don't let it stop you!
2. Count your money. You may need to finance your business with your savings. Make sure you know how much money you have and how much you can put toward the business.
3. Find holes in your idea. There's no better time to find weaknesses in your business idea than before you've started the business. Ask your friends and family for honest feedback so that you can fine-tune your idea to make sure that it holds up in the real world.
4. Put it on paper. Do write a business plan. A business plan helps you think about every possible scenario before starting your business. Going through this process and having it on paper will help you stay on target.
5. Keep an eye on the cash. Sometimes even the greatest business ideas can fail due to a simple lack of readily available cash. It's vital to be aware of how much is being spent and for what, and the easiest way to do this is to have an automated financial management tool in place which tracks money going in and out from the start.
Intuit UK is a leading provider of business and financial management solutions and bookkeeping software for small organisations and their advisors including accountants and bookkeepers. Intuit’s solutions are based on the simple principle of ease-of-use, backed by the highest levels of service and support. QuickBooks and QuickBooks online are designed to help small businesses succeed through taking the worry out of managing business finances.
View all articles by Charlotte Rivington
4 Tips on how to succeed in turning your business idea into a viable business.May 28, 2011 - 8:13:11 AM The journey from idea to viable business is most often complex frustrating and sometimes rewarding. Understanding some of the pitfalls before you set out should make the path a little smoother... [Read the full story] |
Creating The Best Home Based Business Ideas To ImplementApr 13, 2011 - 6:21:08 PM Most people relegate themselves to a spare bedroom or kitchen for work when they start their home based business. The best home based business ideas to implement for additional revenue comes from being creative, and often due to lack of resources. The high priced office furniture is usually not affordable, and most work within much simpler means. There are other ideas that can be used to get things going as well.... [Read the full story] |
Internet Marketing Consulting: the Hot Money-Maker for 2011Apr 12, 2011 - 8:05:48 AM These days everyone seems to be searching for the Key to successful Internet Marketing. This is a broad field that can encompass everything from using social media sites to submitting regularly to article directories in order to market a client’s product or service.... [Read the full story] |
29 Ways To Make Money Online For FreeApr 4, 2011 - 6:57:46 AM Although there are about as many ways to make money online as there are people, I honestly believe that there are really only four: your own products, someone else's, MLM, and services. You combine these products with various marketing techniques, and you have a business. Below are some of the most effective ways to make money:... [Read the full story] |
| Search for articles: |
|
|
 Putting Up a Small Commercial Printing Business |
| So You Might Be Unemployed And Desire To Become A San Francisco Real Estate Investor Now |
| Meditation and Mindfulness: Dealing With Emotion |
| CPA Websites: Five Essential Ideas for Composing Convincing Articles |
| Set Goals In Order to Come Up With Your Action Plan |
| Is the Air in Your Home Safe to Breathe? |
| Coarse Fishing Tackle Review: The JW Young 13ft Trotter Rod |
| Section 1031 Exchanges For San Diego Real Estate Investors |
| Phoenix Real Estate Investing For Highest Possible Earnings |
| Legendary are the Volk Racing TE37 Wheels |
| Developing the Next Generation Wall Station (ChaseDesk™) for Healthcare - A Case Study |
| What are step down transformers? |
| Introducing Sharehype, the Revolutionary Tool for Online Marketers |
| Rewards To Shopping For Austin Real Estate On The Web |
| Hydroponics for Beginners |
Would you like submit your articles and have them approved on a priority status? Find out more about how you can become a Priority author for pennies a day! Click here.
|
| Dime-co.com Home |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
About
Featured Authors
Subscribe to our RSS feed for immediate alerts