With the rise of movements that focused on women’s rights all over the world, equality and the opportunity for women to have roles that have been taken from them, especially in the business industry, there has been an increase in interest regarding female-led entrepreneurial and small business events. And for the Land Down Under, businesses owned by women are growing. According to the 2016 Census data, the increase may not be that significant, but there are now 33 per cent of women who are owner-managers in the country, which is slightly higher compared to 31 per cent in 2006.
Even though that is the case, the growth of female owner-operators is moving at a fast rate, with 7.6 per cent or 504,838 more female owner managers over the last decade than the progress with men’s, which is 0.3 per cent. Meanwhile, employees known to be business owner-managers dropped from 16 per cent in 2016 to 14 per cent. Breaking this down, 57 per cent of this doesn’t look for new employees, while 4.2 per cent owns a business that employ 20 people or more.
On the other hand, there are a lot of women who budgeting their time and handling different aspects of their lives, with 33 per cent who have families with children under 15 years of age and 3.9 per cent who are focused in their work and family roles in sole parent households.
Regarding the age of people working as owner-managers, the employees within the 18 to 24 age bracket has decreased, from 2.5 per cent in 2006 to 2.3 per cent in 2016. However, people working as owner-managers in the age of 65 and up is at 9.8 per cent, which is 65 is at 9.8 per cent of the population of owner-managers in the country. This goes to show that the median age for women is 47, while 48 for men.
Working as an owner-manager has its own perks and nuisances since you handle everything yourself. That is why having a business brokers victoria can help in juggling everything since they can assist in buyers and sellers in the whole buy and sell process.