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Research Shows Increase in Female Entrepreneurs in the UK

A recent study has revealed a significant rise in the number of women starting their own businesses in the UK. This trend is driven by individuals seeking to improve their work-life balance. Despite facing considerable cost pressures, more and more women are venturing into entrepreneurship.

The Small Business Britain industry group has reported a continued positive shift in the number of female entrepreneurs. Michelle Ovens, the founder of Small Business Britain and the f-entrepreneur campaign, finds it uplifting that new female business owners are expressing greater happiness after launching their firms, despite the challenging economic backdrop.

One factor contributing to the increase in female entrepreneurs is the desire to improve work-life balance. According to research by Small Business Britain, 39% of female entrepreneurs listed this as the biggest motivation for starting their own business.

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Advantages of Entrepreneurship for Women

The survey also highlighted other reasons why women are choosing entrepreneurship. Around 30% stated that they started their own businesses to have the freedom to choose where they work, while 25% reevaluated their careers after becoming mothers.

The Rose Review indicates that the number of new companies founded by women in 2022 has more than doubled compared to 2018, with over 150,000 startups. Small Business Britain continues to see this number grow, despite the challenges faced by small businesses.

Michelle Ovens commented, “There has been a marked rise in female entrepreneurs across the UK, and collectively they make a phenomenal contribution to the UK economy. Despite economic challenges, it is uplifting to hear that most women are happier for having taken the plunge into entrepreneurship and are seeing immeasurable benefits in their lives.”

Personal Stories of Success

Mireya Quiton Tuijtelaars, the founder of Mia Strada London, shared her experience of starting her business. She launched her company to generate income while also caring for her children, as she faced significant challenges with the cost of childcare. Quiton Tuijtelaars discovered an untapped market for socially and environmentally conscious products made from natural gemstones.

“I am so much happier, having been able to create a business that allows for a better work-life balance,” she revealed. “To be working in something I really believe in is such a delight. I can’t say it is, or has ever been, easy, but it is definitely rewarding.”

#Ialso100 Campaign

Small Business Britain has opened applications for its annual #Ialso100 campaign, which aims to highlight the achievements of the UK’s top 100 female business owners. This campaign showcases the diverse talent and success stories of women in entrepreneurship, inspiring and empowering others to pursue their own business ventures.

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