The UK’s business landscape has always proven itself to be dynamic and fluid – but, for many decades, men have continued to dominate. While steps are always being taken to ensure more opportunities and fairer treatment for women in the workplace, the world of entrepreneurship and business ownership is also evolving away from old norms.
Here’s why more women are starting their own businesses across the UK.
The Freedom to ‘Conduct the Orchestra’
Despite progress for women in business, the gender pay gap persists – albeit more insidiously than many of us imagine. Workplace harassment still remains a major issue across the UK – one that, historically, has impacted female employees more than male employees. Other issues like pregnancy discrimination also represent an ongoing problem for women in the workplace.
Opting to take on business ownership rather than working in an environment that potentially exacerbates these issues is a real breath of fresh air to many women. New freedoms for women to conduct their own orchestras are making it easier for them to break moulds and challenge stereotypes on their own terms.
The Growing Scope of Technology and Digital Platforms
Advancements in technology have also levelled the playing field for aspiring female entrepreneurs, while digital platforms like social media and the growing scope of e-commerce provide accessible channels for women to launch and scale their businesses without the need for extensive capital or infrastructure.
This has been depicted as the democratization of entrepreneurship, and it has empowered women to turn their innovative ideas into successful ventures without feeling held back by the question of funding or investment.
With more resources online, entrepreneurs are better positioned to tackle the challenges of growing a fledgling business. From digital guides to informative series on YouTube (and even TikTok), along with more professional resources like Udemy and Harvard Business School, the scope for self-teaching is there.
Of course, some roles can’t be filled with one-size-fits-all guides and resources. Aspects like accountancy and legal advice still need to fall on the professionals. But the right corporate solicitors can help cultivate the business, rather than merely ticking off the boxes.
More Supportive Networks and Mentorship Programs
Furthermore, the presence of supportive networks and mentorship programs has been instrumental in nurturing female talent and fostering business growth. Women-focused organizations and networking groups offer valuable resources, guidance, and mentorship opportunities, enabling aspiring entrepreneurs to overcome challenges and thrive in competitive markets.
The Women’s Business Network (WBN) and Women in Business Network (WIBN) are two prominent examples of platforms that enable women to connect with others in similar positions, breaking beyond old constraints and enabling women to empower others, as well as themselves.
More Success Stories and Role Models
Progress is self-serving. As more and more women forge their own paths through the business landscape, new generations have a greater variety of role models to follow. From Glossier’s self-made leader Emily Weiss to Lucy & Yak co-owner Lucy Greenwood, jewellery designer Rachel Galley to Mincycled’s Karen Anderson, the list of women making waves in the business world is constantly growing longer.
