Article by Emma Wimhurst
A key finding in a recent business survey conducted by the London Development Agency revealed that there are “5 times as many women-owned businesses than men-owned businesses using the four basic planning tools in their organisation – 1. business planning, 2. financial planning, 3. marketing planning and 4. training planning.”
On the surface this is an impressive multiple – however, it is shocking when reviewing the actual numbers involved – only 3.4% of majority-male-owned businesses and 15.9% of majority-female owned use these tools.
One in Six businesses now majority female owned
With one in six businesses now majority female owned, compared to less than one in ten three years ago and with an estimated 1 million female entrepreneurs throughout the UK, generating a combined turnover of about £4.4billion (source: Times Online, September...