Women cautious over company growth prospects
Wed, 11 Nov 2009
More than a third of women entrepreneurs expect to see positive revenue growth this year, a new study has indicated.
Research conducted by business advisory firm Deloitte shows that 36.7 per cent of female business owners are forecasting up to ten per cent revenue growth in 2009-10.
Some 6.7 per cent expect in excess of 50 per cent growth for their businesses this year, and a total of 32.3 per cent anticipate growth of between 50 and 200 per cent over the next three years.
Men appear to be more confident in their outlook, with 14 per cent predicting 50 per cent-plus growth and just nine per cent expecting an improvement by less than a tenth.
Debbie Griffiths, entrepreneurial business partner at Deloitte, said that expectations among female entrepreneurs were "relatively guarded" at this point, a sentiment that is only heightened when compared with the confidence displayed of their male counterparts.
"However conservative this outlook may seem, growth remains a key theme for many female led organisations," she added.
"One would hope that as the wider economy stabilises, a more bullish stance will emerge."
Last week, Avon UK reported that the number of female-owned start-up businesses has increased in the UK during the downturn.
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