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Women led businesses and “the norm”

Found this. It’s from a BIS Small Business Survey 2010 Women led businesses boost. Not that huge a difference between Women led businesses and the norm. Most striking is difference in turn over, perception of the business and investment in staff.

  • Women-led SME employers were more likely than SME employers in general to be involved in ‘other services’ (public administration, education, health and social work, other community, social and personal activities). Twenty-nine per cent of women-led SME employers fell into this sector, compared to 12 per cent of all SME employers.
  •  Women-led SME employers were also more likely than SME employers to be in the hotel and restaurant sector (nine per cent compared to five per cent of all SME employers). Women-led businesses were less likely to be found in the construction and production sectors.
  •  Almost half of women-led SME employers (45 per cent) ran private limited companies, with sole proprietorships being the next most common type of business (29 per cent). Women- led SME employers are more likely to be sole proprietors and are less likely to be limited companies than SME employers as a whole.
  •  Almost one in five (18 per cent) of women-led SME employers had an annual turnover of less than the VAT threshold of £67,000, compared to 12 per cent of all SMEs. The mean average turnover of women-led SME employers was much less (just below £500,000) than for SME employers generally (£1,168,000).
  •  Women-led SME employers tended to have fewer directors or partners than SME employers generally. Forty-nine per cent of women—led SME employers were led by just one person, compared to 41 per cent of all SME employers.
  •  44 per cent of women-led SME employers perceiving their businesses to be a social enterprise, only nine per cent fell into the BIS definition of this.
  •  Women-led SME employers were more likely to want to invest in training than SME employers as a whole.
  •  Only16 percent of women-led SME employers exported goods or services outside the UK, a lower figure than the 23 per cent of SME employers overall. The reason for this is likely to be the lower proportion of women-led businesses in the production sector than for SME employers generally.
  •  Women-led SME employers were asked what would encourage more women to setup a business. Although a range of suggestions were given, the two most frequently mentioned were financial assistance or funding (14 per cent) and help with childcare (13 per cent).
  •  The average amount of finance applied for by women-led SME employers was less than for SME employers in general (mean average for women-led SME employers was £125,000 compared to just over £240,000 for all SME employers).
  •  62 percent of women-led SME employers that sought finance managed to gain all the finance they needed, with 51 per cent obtaining it from the first source they approached. A further 10 per cent obtained some but not all they needed, and 24 per cent were unable to obtain any finance. These proportions were similar to those for all SME employers.
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One Response to Women led businesses and “the norm”

  1. Olivia Collins November 20, 2012 at 12:33 pm #

    Thanks Ron, an interesting read. I wonder do men feel that childcare assistance would help more men set up business? I think not. The childcare issue is the major reason more women are not in business and of those who are are, 18% are under the UK Vat threshold for turnover. Top that off with Childcare not being tax deductible and there is little or no incentive for women at a certain stage in their life to set up shop.

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