17% of millennial mums set to start a business this year
94% of mums believe they gain entrepreneurial-like skills during maternity leave such as multi-tasking and time management...
17% of millennial mums are to start their own enterprise this year on the basis that maternity leave provides them with necessary “business training” – according to a report from the .uk domain.
The survey of 1,000 ‘millennial mums’ – a woman born between 1980 and 2000 with a child under four years old – revealed that 21% expect to be their own boss within next five years – with 8% of new mums returning to work immediately after giving birth.
For aspiring mumpreneurs, maternity leave appears to be viewed as a crash-course in how to run a business. 94% of mums said they gain entrepreneurial-like skills while minding their children, such as multi-tasking, time-management, forming relationships and keeping calm under pressure – which they believe gives them an initial edge against competitors.
In their initial months of motherhood, their baby isn’t the only thing on respondents’ mind as 20% have already carried out market research, 28% have set up their website and 13% have even written up a business plan.
Despite the entrepreneurial enthusiasm, 71% of those surveyed admitted they feel guilty about leaving their first born with someone else with 54% worrying about time spent apart from their family during the daily commute.
Russell Haworth, CEO of Nominet, said:
“I think that we’re seeing an entrepreneurial shift in the UK workforce – and women with young children are at the forefront.
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“There is real enthusiasm amongst millennial mums to be their own boss to ensure they can achieve the all-important work-life balance, while still generating an income to support their growing family.
“Advancements in technology mean it’s never been easier to set up your own business online and to quickly develop a space for yourself and your ideas making it more viable to abandon the traditional nine to five and embrace entrepreneurship.”