2-minute read
Less than a third of UK small businesses are owned by women, according to new Simply Business data.
Our Empowering Women in Business initiative, which launches on International Women’s Day, looks to help female entrepreneurs overcome the challenges they face in business. Read on for more insight from female business owners.
Our recent survey of over 900 women business owners shines light on the challenges female entrepreneurs face while running their businesses.
The vast majority of respondents (81 per cent) say they’ve experienced sexism, gender inequality, or unequal opportunities while running their own business. The survey reveals how widespread the problem truly is – with responses from female business owners showing that:
28 per cent believe that they aren’t given the same opportunities as men as a result of having children
Almost all respondents (92 per cent) are demanding that the government do more to change this.
The three areas called out for desperate improvement are:
government-sponsored funding
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Despite the overwhelming majority of women entrepreneurs (85 per cent) wanting to grow their business, almost half (44 per cent) said scaling up remains one of their biggest challenges.
What’s more, the cost of living crisis is having an overwhelming impact on women business owners, with one in four (27 per cent ) having to put their business plans on hold as a result.
It’s clear something needs to be done to support women business owners to manage these circumstances.
Our research shows that to help overcome these barriers, women business owners would like:
The mentorship is just one aspect of our Empowering Women in Business initiative that focuses on five key areas that will help level the playing field for women in business:
How do you think the government can support women in business? Let us know in the comments below.
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Zach Hayward-Jones
<span style='font-size: undefined;'>Zach Hayward-Jones is a Copywriter at Simply Business, with seven years of writing experience across entertainment, insurance, and financial services. With a keen interest in issues affecting the hospitality and construction sector, Zach focuses on news relevant to small business owners. Covering industry updates, regulatory changes, and practical guides. </span>
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