Ability to do what you love is main reason why women want their own business

TORONTO – A new poll suggests that women who want to start their own business are looking to take what they love and make it their job.

The study, released Thursday by the Bank of Montreal, found that a third (36 per cent) of women polled want to become their own boss within the next 10 years, with a majority (57 per cent) saying they want to do it for the opportunity to be happier in their work.

It also found that those under 35 years old were the most likely (19 per cent) to say they planned on making the leap.

The same proportion also say they wanted to start a business related to the food and hospitality sectors, while 15 per cent said their business would be in the arts, entertainment or recreation sector.

The poll found that only five per cent planned on owning a business in the information technology sector, while four per cent say it would be in the skilled trade.

Nearly half (42 per cent) say being able to get enough money to start up their business is their main concern.

“Finding something you are passionate about and love doing everyday is important when considering whether you should start your own business,” said BMO senior vice-president Joanne Gassman in a statement.

She said that women should not feel they’re by themselves if they want to make the switch from being an employee to an employer, given the variety of resources like organizations and websites available.

“Owning and operating your own business can be time consuming. Yet being your own boss can give you greater flexibility in your life and also provide an opportunity to build something unique,” said Gassman.

“Fortunately, when starting out on your own business venture, you don’t need to be alone.”

The poll by the Bank of Montreal (TSX:BMO) was conducted to mark International Women’s Day on March 8.

The bank says it will donate $2 to the Canadian Women’s Foundation for each tweet with the hashtag #BMOIWD that day, up to a maximum of $10,000.

The study was done by online survey company Pollara between Feb. 14 and Feb. 19 with a sample of 1,040 Canadians age 18 and over.