14 Jan Why Female Run Franchises Are Skyrocketing
I wanted to talk a little bit about setting up in business after having kids. With flexibility and the gender pay gap still a being a big issue in employment more and more women are looking to set up their own business, so they can work around their family.
I actually have some statistics on this which show that in the last decade the number of female business owners has increased, with 1.5 million women now self-employed, which is around a 300,000 since before the economic downturn back in 2008.
I think that speaks volumes about how traditional employed just isn’t working for women.
But it turns out we’re a pretty resourceful bunch who are creating our own opportunities by setting up in business on our own, which is amazing.
What if you’re afraid to take the leap?
It’s a huge challenge and potentially risky setting up your own business. It can take a long time to find your feet, I should know, and potentially months or even years before you’re making decent money.
So if the gender pay gap persists, and flexible working isn’t quite as flexible as it should be, what hope is there for women who don’t want to start a business from scratch?
Cue the franchise model.
Female franchise ownership jumped by 83%
According to research (I Googled), between 2011 and 2017, female franchise ownership jumped by 83 per cent. So what is it about the world of franchising that holds such an appeal to a skyrocketing number of female business owners?
Firstly you own your franchise like you would any other business. You can set your hours, own wages, employ your own staff and you can grow a profitable flexible business around family life, with the full support of a dedicated team behind you.
Secondly, you get to all the benefits of tried and tested business model, so you can get up and running and start earning money really quickly.
So for women looking for all the freedom and flexibility of running their own business with the support network of an established business, a franchise is the perfect option.
And it has been the perfect option for a lady called Natalie. She has started her own foot care business with the Healthy Feet Mobile Clinic franchise after not finding the right part-time job to fit around her family, and you can read the interview with her over on the blog where she talks about why she made the jump into flexible working and why she decided to go down the franchise route instead of setting up a business by herself.
In the meantime, if you want to know more about a Healthy Feet Mobile Clinic franchise you can email us at email@example.com.
Read the interview with Natalie here.