Rise of the ‘Returners’ – Women over 30 starting their own businesses increases by one third

Are you one of the many Mojomums out there who have taken your maternity leave or time off to look after your children, as a chance to think of starting your own company and actually putting your money where your mouth is and going for it?!

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Data released by Startup Direct shows that the number of women over the age of 30 seeking business start-up finance and mentoring increased by a third in 2014, and we say “well done you!”

In 2013 women over the age of 30 made up just 25% of enquiries to the Government start up loan provider, but this grew to 57% in 2014, an increase of one third. This trend is being driven largely by ‘Returners’; women who have taken a break from the workplace to have a family and are motivated to start their own business by the challenges of finding flexible and stable employment which is well paid enough to cover the cost of childcare.

These women are starting predominantly internet-based micro businesses, employing fewer than 5 employees, which they can run part-time from their homes and are undeterred by the challenge of juggling home and family commitments with the demands of a new business.  Many of these types of women have spoken to Mojomums and been featured in our Profile of a Working Mum articles (found here) and we salute them!

It is not an easy task to start your own business, especially when juggling childcare, but the financial and work/life balance can be well worth the effort.

James Pattison, CEO of Startup Direct, said: “A growing number of women are disillusioned by the difficulties of combining family life with a traditional 9 to 5 job, not least the inflexible hours, lack of well paid part time work and the cost of childcare, which continues to spiral. The internet has made it easier than ever to start up a business from home and women are drawn to the prospect of being their own boss, choosing their hours and cutting childcare bills by working flexibly around family life.”

Mojomums would love to hear from you if you have started your own business and would like to feature in a Profile of a Working Mum – please email hello@mojomums.co.uk

Mojomums support working mums and offer a recruitment service aimed at getting mums back into the work place and in a role to suit their needs – visit www.mojomumsjobs.co.uk for more information.

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