Mothers Who Own Businesses Are Doing Fine

Mother and daughter business ownersWith 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?

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