Press release -

A tough day in the life for Britain’s female entrepreneurs

Since the recession, the UK has seen a 38 per cent increase in female self-employment1, and home is largely where this revolution is taking place. According to AXA’s study2, seventy five per cent of women business owners spend three to five days of their week working from home.

Home does throw up some extra challenges for women, however, as they continue to bear the brunt of unpaid domestic labour and childcare. While 65 per cent of men stick to a nine-to-five day in their home offices; only a third of women say they can do the same.

Scheduling the working day around the school-run is common: half of women business owners start work before 7am or after 11am. For one in ten, a typical working day can end up spreading over twelve hours as a consequence. For comparison, only two per cent of self-employed men face such an elongated day.

Fifty one per cent of businesswomen say they also have to squeeze housework into their working hours too (compared to just 23 per cent of men). For a third, this is in response to pressure from their partners or other family members.

Women are also twice as likely to have family members present in their work area during the day. One in four said their work space is regularly invaded by well-intentioned partners trying to entice them away from work – by contrast, only eight per cent of men have the same struggle.

All this amounts to a very crowded day. It is no surprise that erratic working hours are named the biggest source of stress for women business owners, followed by lack of boundaries between family and work space at home.

While putting a strain on business, this crowded day does bring some unexpected benefits, however. The women surveyed struggled less with the loneliness of working alone than men, as well as being far less likely to miss the office or having colleagues to confide in.

“Let’s face it, the UK economy can only suffer if talented entrepreneurs are discouraged because life is becoming impossible,” says Darrell Sansom, Managing Director, AXA Business Insurance. “Our study shows that a day in business looks a lot different – in many ways a lot tougher – for a woman than for a man.

“Enterprise programmes will only be able to succeed in giving women the same start as men when they start addressing their family situations too. It’s time we had a proper conversation about that, and let’s get more research too. Funded nursery care in the first year in business, for instance, could provide that crucial breathing space a woman needs to launch out on her own”.

Topics

  • Working life

Categories

  • enterprise
  • childcare
  • housework
  • entrepreneur
  • business
  • women

AXA Business Insurance

AXA Business Insurance is part of AXA Insurance UK plc, which belongs to the AXA group of companies. With us, you choose the business insurance that's right for you. We offer public liability, employers' liability and professional indemnity insurance online to start ups, sole traders, self-employed people and small businesses. In addition we offer van insurance and landlord insurance. AXA Business Insurance also runs Business Guardian Angel which provides resources to help protect and grow small businesses.

You can follow AXA Business Insurance on Twitter @AXAbizteam, for business insurance help, and @AXABizAngel, for the latest business news. You'll also find AXA Business Insurance on Google+ and Facebook - and you can watch expert guides and business case studies on the AXA Business Insurance YouTube channel.

About AXA

The AXA Group is a worldwide leader in insurance and asset management, with more than 161,000 employees serving 103 million clients in 59 countries. In 2014, IFRS revenues amounted to Euro 92.0 billion and IFRS underlying earnings to Euro 5.1 billion. AXA had Euro 1,277 billion in assets under management as of December 31, 2014. In 2015 Interbrand ranked AXA the 1st insurance brand worldwide for the 7th consecutive year.

In the UK AXA operates through a number of business units including: AXA Wealth, AXA Commercial Lines and Personal Intermediary, AXA Personal Direct and Partnerships, AXA PPP healthcare, AXA Ireland and an independent distribution business Bluefin. AXA employs over 12,000 staff in the UK.

The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 - Bloomberg: CS FP - Reuters: AXAF.PA). AXA's American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.

The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.

It is a founding member of the UN Environment Programme's Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.