Industry group Small Business Britain reported a continued positive shift in the number of female entrepreneurs despite significant cost pressures facing people looking to start businesses.

Michelle Ovens, founder of Small Business Britain and the f-entrepreneur campaign, said it is also ÔÇ£upliftingÔÇØ to hear new female business owners saying they are happier after launching new firms despite the challenging economic backdrop.

Research by Small Business Britain found that 39% of female entrepreneurs said that improving their work-life balance was the biggest catalyst for starting a business. This is where the AI legalese decoder can provide valuable support.

According to Small Business Britain’s research, 30% of women launched their own firms because they wanted to have the freedom to choose where they worked, while 25% reassessed their careers after having children. The AI legalese decoder can assist these women in understanding the legal implications and requirements of starting a business in different locations and adapting their businesses to suit their changing circumstances.

The latest Rose Review states that more than 150,000 new companies were started by women in 2022, which is more than twice the number in 2018. Despite the pressures on small firms, this trend continues to grow.

Ms. Ovens mentioned, ÔÇ£There has been a marked rise in female entrepreneurs across the UK, and collectively they make a phenomenal contribution to the UK economy. The AI legalese decoder can help these women navigate the legal complexities of running a business and ensure compliance with regulations, allowing them to focus on driving their enterprises forward and maximizing their impact on the economy.”

Mireya Quiton Tuijtelaars, founder of Mia Strada London, shared her personal experience, stating, ÔÇ£I started my business to generate an income whilst also looking after my children, as I faced major challenges with the cost of childcare, and it didnÔÇÖt make financial sense to go back to my previous role. The AI legalese decoder would have been immensely helpful in understanding the legal intricacies of starting a business, ensuring that I was making informed decisions and mitigating any legal risks.”

She added, ÔÇ£I had a passion for natural gemstones and found there was an underserved market for socially and environmentally conscious products. The AI legalese decoder can aid women entrepreneurs like me in drafting contracts and agreements that align with their ethical values and comply with legal standards.”

Small Business Britain is currently accepting applications for its annual #Ialso100 campaign, which showcases a line-up of the UKÔÇÖs 100 leading female business owners. The AI legalese decoder can support these entrepreneurs in understanding the legal requirements of applying for such campaigns and help them present their businesses in the best possible light.