Articles tagged ‘mumpreneurs’

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Growth of mumpreneurs to soar in 2010!

Posted by Bian Salins

13th January 2010 in Announcements, Featured Tradespacers

This month, we’re focussing on all kinds of trends to come out of 2010 (and even the next decade) and it comes as no surprise that the first trend to emerge this year is the birth and growth of mumpreneurs.

That’s what we love about BT Tradespace; it gives us so many insights into ‘what’s occurring’ in the business world. We first foresaw this trend when we did we ran our article, ‘How to be a mumpreneur success’ – which focussed on the fact that where kids and parenting once meant giving up work for women (and some men), it now opened up a world of opportunities creating a trend of working mums/mums in business.

But come 2010 and having kids seems to go along with starting up your own business. It seems the flexibility of working from home and following your passions/dreams is too much a lure for us mums.

BT Business recently did some research via Netmums which revealed one in 10 mums aspire to have their own business, with one in five looking to have more flexibility on choosing the hours they work. Nearly 15% of women have already started their own businesses since having children proving that ‘mumpreneurs’ are a growing force in the UK economy. Whichever way you look at it, working mums will increasingly ditch the 9 to 5 in favour of being their own boss.

This 2010 trend is also resonant of the fact that actually the social web has changed things for us. Women dominated this space for personal needs but ‘mumpreneur wannabes’ soon realised the potential of this medium and are now harnessing its power to find a revenue stream to fit their lifestyles. 44% of respondents BT Business surveyed felt that the emergence of online social networks is creating more opportunities for working mums (or non working ones) to go into business today.

The benefits of being a mumpreneur are many. Choosing the hours they work (62%), achieving a better balance between their work and family life (50%) and being their own boss (38%) were the top 3 most cited reasons.

As for the kinds of businesses they’re running? Kids toys, kids clothes, hand-made toys and the like seem to be top of the list when it comes to the mumpreneur businesses we’ve seen on BT Tradespace but there’s also the support angle where mums in business are thinking of ways in which they could help other working mums and dads as inspiration for their start-ups.

If you’re a working mum, we want to hear from you! What’s your story? Do you want to connect with other working mums and mumpreneurs? If so, leave a comment or post in our ‘working mums community’ now because supporting you is what BT Tradespace is all about… because trends or not, we think mumpreneurs rock!

Our top mumpreneurs on BT Tradespace

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Posted in: Announcements, Featured Tradespacers | 3 Comments »

Who rules the social web?

Posted by Bian Salins

15th October 2009 in Tradespace gossip

Andy from bigmouthmedia sent me this interesting piece of visual stats yesterday. It seems, when it comes to the social web, ‘chicks rule’!

It’s not surprising that when it comes to the Internet, the genders differ. After all, ‘Men are from Mars and Women are from Venus’ right?

According to the stats, social networks like YoutTube and LinkedIn are seeing a 50 -50 balance in terms of gender usage but look further down the line at the usage of Twitter, Facebook, Flickr and Myspace and the ruling is simple, women are using and engaging with the social web more than ever.

Stereotypically, we women are known to be the more social gender and web 2.0 is all about being social – so no surprise there.

But, what is interesting is that it also shows that women are using the Internet for a variety of things.
In my recent post, I quoted research from ComScore stating that women were splashing their cash on buying kids toys, cosmetics, fragrances and food. Combine that with usage of social media and it seems that women spend more time shopping online, engaging online and yes, as our mumpreneur article shows, even selling online.

Interestingly, with the equal usage on YouTube and LinkedIn, you could also conclude that men are more selective when it comes to the social networks they use while women tend to adopt a plethora of networks to engage with. If this is so, could it be that we women are spreading ourselves too thinly (especially if you put this in the business perspective)? Only time will tell.

Even if we are, there are few things we can glean from the gender differences online.

  1. If your target market is women and you’re on a social network like BT Tradespace then, you’re in the right place.
  2. We’re going to see more innovation on the web steered towards capitalising on women’s usage of the web.
  3. Finally, if you wanted to work data like this to your advantage as a business, you need to use different strategies when selling to the different genders. Time, place and method of communication being key to the results you get.

Do you agree with stats? What social networks are you on? Let us know by leaving a comment!

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Mums spend time and money online buying kids toys!

Posted by Bian Salins

26th August 2009 in Tradespace gossip

I just picked up that us mums are pretty important when it comes to influencing online spend. According to this post, comScore recently ran a study in the U.K. and found that women between the ages of 25 and 54 who have children consistently visit retail sites.

Apparently, we are spending our time buying kids toys, cosmetics, fragrances and food. What’s more, the article quotes us as also holding the purse strings when it comes to spending!

I believe this trend doesn’t stop with online spend. Women (and mums in particular) are spending more time online. According to the Office of National Statistics, 66% of women are using the Internet every day.

The obvious reason for this is the fact that most of us these days are working mums and don’t have the luxury of time to do high street shopping. Or as the BT Tradespace team recently found when we ran our ‘How to be a mumpreneur success article’ – more of us are running our own business these days.

Even the media is treating us as a key target audience online. A recent forum held by the IAB revealed that women aged between 35 and 49 are the fastest growing group to social networks/blogging sites followed by women aged between 50 and 64. Now I’m not saying that all of the women in this demographic are mums, but chances are a large part of them are. Even Nielsen’s communications director, Alex Burmaster was quoted as saying, “targeting women online involves a much more focused approach to display advertising online, getting your website right and using the power of social media to amplify this messaging.”

This shift in online usage trends is only the start. As a business, it’s important to consider who your key audience is online and how you can reach and talk to them effectively. And the stats above show that when it comes to women and mums – online and social media in particular, rule!

What’s your take on how women and mums in particular are using and adopting the web? Or, are you a woman/mum who has felt the power of the Internet in your life? Leave a comment and let us know!

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How to be a mumpreneur success!

Posted by Bian Salins

23rd June 2009 in Newsletter articles

It’s probably safe to say that when you go from being ‘without child’ to ‘with child’, the word ‘Mum’ takes on a whole different meaning. But Mums as we knew them, are changing – once where they traded in their brains for bottles, and careers for home cooking, these days there’s a whole new generation that’s making new history and defying all stereotypes by choosing to become entrepreneurs instead of opting for a life of housewifery.
Call it bravery, call it entrepreneurship, call it sheer madness – but mumpreneurs are the new-generation mums rocking the business world and what’s more, they are using online to turn their passion into profit. The IAB, recently reported that Mums are the most savvy of all Internet users. But the real truth lies in the fact that they are not just influencing purchasing decisions, but are using their knowledge of the Internet to succeed in business.

Author of the Kitchen Table Tycoon, Anita Naik, has her view of why this sudden increase in mumpreneurs has occurred, “The trend of mums opting to run their own businesses from home for a variety of practical reasons; necessity (if you can’t get a job why not start your own stream of income), they have a big idea, or simply because they want to see more of their children, be less stressed running from A to B and pay less for childcare.”
But, apart from Naik’s reasons, the web and social media in particular, by their very nature are suited to Mums running a business from home – for one, most of it is free, it involves reaching out to others and crucially, it’s personal. That’s why here on BT Tradespace, we’ve felt the mumpreneur power ourselves. Some of our most active and loyal users are mumpreneurs!

Enhance Me’s, Victoria Dixon’s reasons for starting up were more personal than anything else, “I hadn’t been working for some time due to having a stillborn baby boy eight months into my pregnancy. I was then advised I couldn’t work during my next pregnancy. So when Milly was born, I knew I wanted to find something that would allow me to work from home whilst caring for her. It had taken us some time to have the child we longed for and I didn’t want to miss out on anything!” Finding new business isn’t an issue for Vitoria, who turns every day pictures in to fairytale finesse, it’s finding the time to expand her business!

For some like Sarah Alderson, owner of ethical and green business, Boudalu, running her own business wasn’t a choice, but a necessity, “I don’t think I really chose to become a mumpreneur, it just happened. When I was on maternity leave, I went slightly crazy. I was just not used to not working (not that having a newborn isn’t hard work but I missed the sense of creating new projects, project managing and making things happen)!” Sarah found a gap in the ethical and green business market and founded Boudalu, a fairtrade boutique where users can shop by type of product or by cause. She’s proves she’s committed to her cause – both as a mumpreneur and as a green business when she says, “We don’t think it would be right to keep our profits, so we donate them all back to grassroots social projects in the developing world.”

Innovation borne out of necessity has been accelerated by the state of the economy. “I had a year off work when I had my first child, I had planned to go back part-time, but unfortunately my hubby lost his job so I had to go back full-time! Says, children’s illustrator Kelly Brett, of Piddley Pix. “By then I had started doing art for my son, so the business idea grew from there.” Kelly is a BT Tradespace newbie, testing her mumpreneur skills “It’s great to have something I love doing to focus on and to have an aim of running my own business one day. The dream is to run a family business – allowing more time for family time too!”

For mumpreneurs and BT Tradespace regulars like Barabara Saul, whose expertise was in the Internet, choosing this medium came naturally, “I work with the Internet – so blending this with family life works very well for me. Whether it’s identifying the best marketing strategy for people, or setting up a cost effective website it’s great fun – I love getting involved with my customers’ businesses and working out the best way for them to get more business.” While business is good, Barbara’s challenge lies in getting the work-life balance right “It’s tough to switch off, keep the “job” separate from family/home life, especially when there is a deadline from the business side, or when a child is home poorly.”

Work-life balance doesn’t seem to be an issue for mumpreneur extraordinaire, Joycellyn Akufo who runs three businesses alongside her family life, “I run a lifestyle website for working mums, a childcare directory and a nanny agency! I like the fact that you are your own boss, so you are in charge of what work you do, when and how often (hopefully!)” she says. Nothing can stop Joycellyn as her business is going from strength to strength, as she launches another two websites this month!

So what does it take to be a mumpreneur success? Naik advises that mumpreneur success begins with asking yourself some key questions – if you get it right at the start, the only way for mums in business, is up!

Anita’s five Qs for Mumpreneur success:

  1. Does your business have legs? Have you researched your business idea, your customer base and competition? If you haven’t you’re not ready to go it alone.
  2. What are you going to do about childcare? Working from home, means working from home. This means you still need childcare. If you can’t afford it or intend to work when your kids are asleep or in school, ask yourself can your business and your stress levels take it?
  3. Is your family behind you 100% and can you afford to fail? Depressing thought but essential to know because starting a new business is time consuming and a money drain for very little return in the first year.
  4. Have you sorted your finances out? Do you know what your start up costs are and how you’re going to find the money?
  5. Can you really work alone? If you’re good a good self starter who can motivate herself, and pick herself up when things go wrong being a mumpreneur could be the right choice for you.

And our final tip for being a BT Tradespace mumpreneur success? Give it time, keep updating your Tradespace with relevant and good quality blog posts, pictures and even video and business will continue to blossom…

Are you a mumpreneur? What has the experience been like for you? Would you like to add us to our ‘Mumpreneur Hall of Fame’ below? Let us know your thoughts in our community!

The BT Tradespace Mumpreneur Hall of Fame

enhance_me_BTT“I am a Fairy maker of sorts! I have had almost 10 years experience using a variety of computer programs and effects and put this to use to create Magical Photo portraits taking everyday photos and turning them into fantastic, enchanting works of art.” – Victoria Dixon, Enhance Me.

n612887386_1018318_1812“Boudalu is a fair trade boutique with a difference. Every purchase made through Boudalu supports global change, be it empowering women in the most impoverished parts of the world by providing them with a sustainable income, educating children affected by HIV or tackling the effects of climate change on rural communities..” – Sarah Alderson, Boudalu.

kelly_brett“The dream is to run a family business – allowing more time for family time too! I am lucky to have a goregous son and two beautiful nephews who are great inspirations for my children’s illustrations and artwork.” – Kelly Brett, Piddley Pix.

n559846344_160895_4455“Like many women, the flexibility working for yourself makes it too tempting not to at least ‘try’ to work for yourself!” – Joycellyn Akuffo, Mothers who work.

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Posted in: Newsletter articles | 14 Comments »

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