Today is International Women’s Day. To mark the occasion, UK online accountancy firm, Crunch, undertook some research to find out what specifically drives women freelancers and entrepreneurs to go into business on their own.
The survey revealed that women going it alone are motivated primarily by financial independence and the added control over their work life balance. Just over a third (34%) cited financial independence as their primary motivator, followed closely by the 31% who yearned for more balance between the professional and private lives.
The research also showed that, despite being busy running their own businesses, women still undertake more domestic responsibilities than their male counterparts – 58% of respondents reported that they still manage most of the childcare duties.
Women said the biggest challenges they faced when starting their new business were book keeping (35%) and managing their cashflow (32%). Interestingly, the number of female freelancers and entrepreneurs is on the rise – we now account for almost a third of all new businesses, up 11% from last year.
What are your biggest challenges as a freelancer?
Book keeping used to be one of mine – until I outsourced it to a professional accounts lady. I’d say my biggest challenge at the moment is finding a steady flow of writing projects and managing the peaks and troughs.
Article source: Freelance Advisor