Whether it’s for their careers or their children, they sacrifice a lot for both
If you’ve never seen the ultimate balancing act, it’s because you’ve never witnessed a mom in action.
A survey from graphic design marketplace 99designs says 71 percent of mom entrepreneurs are the primary caretakers of their families. Nearly 3-in-4 of these “mompreneurs” put in a second shift, often working after their children go to bed.
As more moms are putting in career work on top of family work, it’s no wonder that most of them aren’t doing much else. Most women — 88 percent — say they spend fewer than four hours a week on any outside hobbies, like working out, time with friends, and for some, other family members.
Even as moms devote most of their time to their families or their companies, many of them admit to feeling some level of guilt about working more. Forty-four percent of moms say they feel guilty sometimes about spending time on work-related business.
But the pros outweigh the cons, as almost 70 percent of moms say the flexibility is the top advantage of being an entrepreneurial mom, and nearly two-thirds say they have a group of other female entrepreneurs in their network to talk to.
“While a good proportion of women sometimes feeling guilt, it’s interesting to see that neither sleep nor family time seems to be getting sacrificed for their entrepreneurial pursuit,” says 99designs executive Pamela Webber. “It could be that entrepreneurship is actually much better for working moms than traditional corporate jobs because of the greater flexibility.”
The gender card still plays a role in female-run startups
While most moms will admit that owning their own business has a lot of benefits, as their company grows, they are less likely to receive outside funding compared to male parent entrepreneurs, 19 percent to 27 percent, respectively.
While start-ups are showing gender disparities, this isn’t the only sector where women are facing discrimination. Even for new graduates, women will face a gender pay gap up to five years after graduating college with the same degree as her male equivalent.
The pay gap is closing in some sectors and widening in others: higher education and medicine show a huge gap. We won’t have truly equal pay across sexes for more than two centuries. Despite the huge gap, women are still crushing it when it comes to their careers (and motherhood).
Accenture’s Getting to Equal 2017 survey shows that becoming a parent does not necessarily limit women. In fact, it may motivate them even more in their careers. Women with children are more likely to have flexibility regarding where and when they work over their childless female counterparts, and they are also more likely to have been promoted than non-mothers of the same age. Moms are also more likely to change jobs — including starting a business of their own — for more flexibility or higher pay than women who don’t have kids.
Like the 99designs survey, Getting to Equal says most women — 66 percent — have traded pay for a more flexible working schedule. As most working women are still the primary caretakers in their family — 91 percent — twice as many women are taking at least three months off work as their male peers who are parents. Even with the extra workload outside of business hours, moms are still working more than non-moms and dads who are on the same career track.
Article last modified on May 22, 2017. Published by Debt.com, LLC .