NEWS

BUSINESS: IS THIS THE BEST AGE FOR WOMEN TO LAUNCH A BUSINESS?


Oprah Winfrey

Women wanting to go into business may be best-off doing so in their thirties, according to figures released on Monday.

A study by fashion retailer Missy Empire into the top 30 female celebrity entrepreneurs has revealed that 33 could be the most common age for a woman to lauch a business.

According to Missy Empire's data, two thirds of the women on the list made their money during their thirties, with 33 being the average age. Additionally, over half (53%) did so without a college degree, and more then two thirds (63%) are considered self-made.

The data also shows female entrepreneurs are likely to own more than one business, with Missy Empire's list of women having, on avergae, two to their name.

The study found that 43% of the female entrepreneurs have earned their fortune in the fashion industry, while another third own cosmetic companies. Food and beverage (10%), technology (6%) and sport (6%) are also popular industries among women.

Beyonce tops the list of female celebrity entrepreneurs based on criteria such as net worth, number of companies, social media follwing, awards won, qualifications, and engine searches per month. Comedian and talk show host Ellen Degeneres came in second, following by Kardashian family members Kim and Kylie Jenner, and self made billionaire Oprah Winfrey.

Ash Siddique, CEO of Missy Empire, said: “Female entrepreneurs are so important and they need to be talked about. Young people today can be inspired by these [women] and know you don’t necessarily need the most obvious criteria to become a girl boss.

“We have researched women from all walks of life, and that shows budding entrepreneurs that everybody has a chance to be successful if they work hard enough.”

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