Women to gain business support

Funding for your business

business mentorWorking mums can often find it tricky to get their business ideas off the ground, with family commitments and the tough economic climate both proving problematic.

But help could be at hand in the form of a new Government initiative designed to help women with entrepreneurial ideas. For more tips and articles about business, go to Lee S. Rosen Blog.

According to Home Secretary Theresa May, 5,000 volunteer mentors will soon offer support to female entrepreneurs with plans to start up a firm of their own - no matter how big or small.

The specific business needs of women - particularly mothers - will be addressed by the mentors according to Ms May, who also said these are often noticeably different to those of men.

They can include specific concerns around issues like access to finance, confidence, working from home and achieving the right work-life balance, she told businesswomen at the Royal Commonwealth Society in London.

She said: "Better use of women's skills could be worth billions of pounds to our economy each year. If women started businesses at the same rate as men, there would be an additional 150,000 extra start-ups each year in the UK."