Self -employment is becoming more attractive to more and more women. Whether as a co-founder or sole entrepreneur: the participation of women in business start-ups has been at record levels for years.
This is also understandable, because depending on the form, starting a business has the particular advantage of being able to flexibly reconcile family and career, in contrast to permanent employment – which often has regulated working hours.
The creation of a team as well as the creation of a part-time business offer suitable framework conditions for this. However, a full-time start-up is also very popular with many female founders. In the following article, we present these three forms of foundation and show what advantages they each have.
1. Be on the safe side with starting a part-time business
Business founders who want to become self-employed as a part-time job can realize their business idea alongside their main job and can thus build up a second mainstay. Starting a business as a sideline is attractive for the following reasons:
- Low financial risk : Women who initially set up their own business can find out whether the business idea is viable by setting up a part-time business without incurring high costs and without additional responsibility for employees. Because if you start “small”, you can usually finance it out of your own pocket (reading tip: Financing ). In addition, the main job offers a regular monthly income, which gives founders financial security.
- More time for the family : Not every founder has the time to fully take care of an entire company. This applies in particular to female entrepreneurs who have children – so-called mompreneurs (external link) – and therefore have to attend to family obligations. When starting a business as a part-time job, there may be enough time to do justice to it and to complete private tasks.
- Opportunity to try it out : At the beginning of the business start-up, it is not yet possible to say with certainty whether this will also lead to success and whether the income generated from entrepreneurial activity is sufficient to secure one’s own livelihood and that of the family alone. It makes sense if there is an opportunity to first test the business model on the market before starting full-time self-employment according to the motto “all or nothing”.
- Low financing requirements : If you start small, you may be able to pay the costs of setting up a business out of your own pocket and are less dependent on loans and privately borrowed money. When setting up a sideline, essential costs such as health insurance are usually covered by the main job.
2. Share costs and time when starting a team
Another popular type of foundation for women is team formation. With this, business founders play it safe and minimize the risks that starting a business entails. Because a founding team has more equity available than solo founders who want to realize their project on their own.
With others, more can be done at the beginning and business ideas can be implemented more quickly. Forming a team also has the advantage that each member brings special know-how and different skills. Starting a team has advantages, especially for women who have to balance family and career:
- Less time expenditure : With a team formation, the working time can be divided. The team members can also B. represent each other in case of illness or vacation.
- Easier childcare : Do the team partners have e.g. B. children who need care, they can hire a childminder together or set up a separate room in which the children can be looked after. If one of the entrepreneurs is absent because a child is ill, the whole business does not collapse.
Whether starting a team works depends entirely on how you complement and understand each other as a team. The choice of co-founders should therefore be approached with care. In order to prevent nasty surprises after founding the company, it is important that female entrepreneurs who want to become self-employed as part of a team contact a specialist lawyer for company law and draw up a articles of association. In this, the rights and obligations arising for the entrepreneurial team are recorded in writing. Later discrepancies can also be prevented with this.
3. Being self-employed on a full-time basis is popular
It can be said that starting a business part-time and starting a team are good opportunities, especially for mothers, to (re)enter the labor market. However, under certain conditions, full-time start-ups are also suitable for female business founders who have to face the challenge of “reconciling family and career”. This type of start-up is also very popular with women: around 40% of all female start-ups are self-employed full-time.
Business start-up advice helps with the implementation of the business idea
Irrespective of which type of company entrepreneurs choose, it is important to first plan it thoroughly and take certain precautions accordingly. This can be done professionally with business start -up advice. In the meantime, for example, the business model and business plan can be worked out together with the consultant (service tip: find the right consultant ).