With Mother’s Day a few days ago, a new Manta survey on women business owners shows that these women cannot be easily categorized.
One thing is for sure:
Motherhood has not deterred entrepreneurship. Only 17% had businesses before children; 6% started businesses while pregnant, 57% after children were in school, and 15% once they reached high school or college age.
Other interesting findings:
- Two thirds (66%) of women business owners do not have any day-to-day assistance (e.g., nannies, housekeepers). But a quarter (25%) had at least one paid person providing child care assistance.
- The vast majority (74%) run businesses because they want to, not because they need to financially.
- The most important skillset needed to be a working mother is multi-tasking and organization (91%). Other important skillsets: communication skills, problem solving skills, and time management and delegation.
As a business owner myself whose children are now grown with children of their own, I can add anecdotally to Manta’s findings from my own experience:
- Running a business created a positive view of a working woman for my children (so they tell me)
- The vast number of hours devoted to business did not shortchange attention given to my children. I worked from home and usually had flexibility to schedule the work around my children’s activities.
- Owning a business provided financial rewards that I’ve been able to share with family and organizations I help support.
A question to all women business owners:
What have your experiences been with work-life balance?