Female founders struggle with confidence when starting their business

Setting up a business can be stressful, but according to new research, for many Brits it is a lifelong dream.

The study by Virgin StartUp has found that two-thirds of those who thought about setting up a business said they’d do so as they can do a better job than their current boss. Other reasons included being their own boss (40%), having more flexibility (40%) and a quarter said it’s simply been a life-long dream to run their own business.

The under 40s were much more likely to want to run a business that can have a positive impact on the world. With a fifth saying they’d look to make the world a better place with their business.

However, for want to be female founders, confidence is preventing them from founding thir own company. Th research showed one in three women said a lack of confidence would stop them from starting a business vs only 18% of men who’d say the same.

Aston spoke to Andy Fishburn, managing director of Virgin StartUp.

Photo by Glenn Carstens Peter on Unsplash