A new study from insurance company Direct Line for Business has revealed 65 per cent of mums with children under the age of 10 are considering starting a home-based business in the next three years.
20 per cent of mums with children under 10 would consider working from home to spend more time with their children.
CHILDCARE COSTS
With recent figures quoted at £11,700 a year for two children, prohibitive childcare costs associated with working a traditional nine-to-five job are behind 16 per cent of mums wanting to work for themselves.
14 per cent are motivated to start a business from home by the flexibility of being their own boss, while 12 per cent have always had the ambition to start their own business.
Only one per cent is motivated by the fact they do not like their current job.
ENTREPRENEURIAL SPIRIT
“The costs of sending a child to day care or hiring a nanny continue to spiral,” Jazz Gakhal, head of Direct Line for Business, says.
“It’s great to see that mums are tackling this problem with such an entrepreneurial spirit, as they understand considerable childcare cost savings can be made by running a business from home.”