News: Female entrepreneurs taking control of business

young businesswomanMore women are starting their own businesses than ever before, according to new research from the Federation of Small Businesses (FSB).

Women own half (49.5%) of small businesses established in the past two years in the retail, hotel, catering and leisure industries. In businesses started more than 20 years ago, less than a quarter (24%) were owned by women.

The research also found that female entrepreneurs are less likely to take financial risks, borrowing an average of £18,700 for their business compared to £28,800 borrowed by male business owners.

John Allan, national chairman of the FSB, said “We are witnessing a welcome change with more women entrepreneurs establishing businesses than at any time before. And it is striking how this trend seems to be speeding up since the recession – it shows many women have the guts and a real entrepreneurial spirit”.

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Kasey writes about the latest small business and website news for bOnline. Find Kasey on Google+, or follow bOnline on Facebook, Twitter, LinkedIn and Google+

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