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Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

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Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

The rise of the "school run" entrepreneur

19 June 2018

The rise of the "school run" entrepreneurA study on self-employment has identified a key new group of entrepreneurs - parents that want to fit their work around the school run.

According to the Good Life Report from AXA Business Insurance, one in every five new UK businesses is started by a parent whose primary motivation is to fit their work hours around school hours.

The most common occupations for school-runner businesses are: accountants, business consultants, caterers, copywriters, private tutors, textile designers, photographers, graphic designers and those in the film and digital media industries.

According to the findings, these freelancers typically work for five to six hours per day, sandwiched between the two school runs, they make £750 per month on average and, while this income is relatively low, it means they can eliminate childcare fees.

"The number of families where both parents work has increased by a third in the past 20 years. While family economics change, schools continue to follow a schedule that evolved over a century ago," said Gareth Howell, managing director at AXA Business Insurance.

"Even though rights to flexible hours have strengthened in recent years, most jobs advertised today still follow a strict nine-to-five model, and schools are not compromising either. Self-employment is one solution to this contradiction at the heart of many families today."

The survey results show that combining self-employment and parenting duties is a difficult balancing act for many. Getting more time to enjoy with children was a common expectation of self-employment among parents, but few felt they had achieved it. Just over a third of "school runner" business owners said they had more time for their kids after starting their business.

Six in ten said becoming self-employed had helped improve their mental wellbeing but three in ten said the nature of the stress had just changed rather than reduced.

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