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The economic downturn has enabled a large number of women to break away from normal work and start up on their own as sole traders and freelancers.

28 June 2012

The economic downturn has enabled a large number of women to break away from normal work and start up on their own as sole traders and freelancers.

According to a new study, the number of women running their own business in the UK has risen from 20 to 30 per cent over the past four years.

Telephone service providers XLN Business Services, which conducted the study, believe that things such as redundancies and finding new employment has empowered thousands of women with the drive to go it alone.

Being able to work flexibly from home is another reason many women may be drawn to going down the self-employed route, the study suggested.

Setup costs are also much lower than in previous years as having access to the internet now enables many people to turn a room of their home into a perfectly workable office.