Confidence-boosting scheme for women entrepreneurs
Aug 20 2008
A new scheme has been set up to help encourage more women to go into business by building their self-confidence.
Women's business groups report that based on the average turnover of female-owned firms, such a move would raise an additional £32 billion for the economy.
The Women in Business Service, established by NatWest and RBS, provides potential entrepreneurs with advice and encouragement from successful female business owners.
Advice is conveyed to those considering starting a business through a webchat featuring founder of the service Tessa Lyndon-Skeggs and entrepreneur Shaa Wasmund.
Statistics from the service show that of the fifth of women who consider starting a business, only half do.
The agency speculates that this is because women are more concerned than men about getting into debt.
According to the Department for Business, Enterprise and Regulatory Reform's 2006-07 Annual Small Business Survey, published in March, women are "significantly under-represented in enterprise".
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