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THE VOICE East Sussex Your Development Manager: martin.searle@fsb.org.uk or call 01424 754 686 July/August 2016 WOMEN ENTREPRENEURS ARE CHAMPIONED BY FSB INITIATIVE A new report from FSB, Women in Enterprise: The Untapped Potential, explores the specific challenges faced by women-led businesses and makes recommendations for improving support, developing mentoring networks and increasing the diversity of business ambassadors. To further the recommendations of the report, FSB plans to launch a dedicated Women in Enterprise Taskforce to support women entrepreneurs and business owners. FSB spoke to over 1,900 women business owners in the UK and, while the report finds women-led businesses face many of the same challenges all small firms encounter, including cash flow issues (42 per cent) and difficulty accessing finance (25 per cent), there appear to be challenges that are more acute for women. These include balancing work and family life (40 per cent), achieving credibility for the business (37 per cent) and a lack of confidence (22 per cent). All of these limit women’s ability to start, run and grow their business. The most popular motivation for women starting a business proved to be confidence in their skills in their chosen sector (37 per cent). However, FSB RESEARCH HIGHLIGHTS ISSUES NEED ADDRESSING FOR WOMEN (COURTESY OF ERIC RIES) a majority of women said improving online and digital skills (55 per cent), marketing expertise (56 per cent) and business strategy skills (60 per cent) would be the most useful measures to grow their business. Helen Walbey, FSB Diversity Policy Chair, said: “Women-led smaller businesses contribute over £75b to the UK economy. If women were to set up businesses and grow them at the same rate as men, the Government estimates it could add £600b to the economy.” Darran Hathaway, Regional Chairman said: “Our events attract a healthy mix of men and women business owners and we also arrange women-only business events. “The topics in our Share the Knowledge seminars are well-attended by women members. We look forward to the task force coming to East Sussex and building this objective further into our activities.” TEAM INITIUM FROM RATTON SCHOOL, EASTBOURNE (WITH FSB’S BRETT MCLEAN AND KERRY BYOTT) WON THE LOCAL YOUNG ENTERPRISE COMPANY OF THE YEAR - MORE INSIDE EMMA WOOLTORTEN, FSB AREA SALES MANAGER (LEFT) AND LEE REDFEARN, MEMBERSHIP ADVISER, WERE IN ACTION AT THE LET’S DO BUSINESS SHOW, BRIGHTON. MEET LEE IN THIS ISSUE REGIONAL NEWS 2, 11, 14 BUSINESS UPDATE 3-10 REGIONAL CONTACTS 14 TO ADVERTISE CALL 020 7324 2776

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