Female entrepreneurs could help lead out of crisis

A survey for the makers of Quickbooks, the small business financial management software has found that a needed boost to the UK economy could come from female entrepreneurs. Over 20% of female business owners have said they plan to hire additional staff in the next year even despite the mediocre economic conditions.

At least 8% of those plan on hiring a new employee and another 8% plan on hiring up to five and 6% intend to hire more than five. There are an estimated 620,000 businesses that are female owned in the UK so this could actually create over 360,000 new jobs during the course of the next 12 months.

The Intuit survey also showed many women that were not yet running their own business had a very strong entrepreneurial urge to do so. Half of all those surveyed wanted their own business in the future and over 23% are planning on doing so in the next 12 months.

The biggest motivational reasons for women to open their own businesses are flexible working hours, being their own boss and the change to possibly work from home, with almost 50% of the women think there is not an ideal during life to open up their business.