The Future Females Business School is a three-month virtual incubator commencing 4 October 2018, that will support 50 female entrepreneurs to transform their ideas into proven, profitable businesses. It is a step-by-step guide made up of 12 content modules that cover all the components of starting and growing your own business. Although the program does not provide funding, it aims to give entrepreneurs the mindset and all the essential skills to build a fundable business.
Future Females survey
The Business School was born out of a need discovered through the recent Future Females survey of over 20,000 female entrepreneurs and intrapreneurs, conducted in partnership with Startup Grind. Nearly 80% of respondents said they do not feel they have the support (in terms of education, mentorship or funding) they need to start and grow their businesses with confidence.
The survey highlighted an emerging market of early-stage female entrepreneurs, with 40% having started their business less than 12 months ago; the biggest aspirations being lifestyle creation (34%) and revenue growth (21%).
The respondents stated their biggest challenges as being funding (30%), education and support structures (29%), mindset (22%), and access to mentors (10%). One survey respondent had been working on their business idea for six months and stated “I just don’t know what to do next, or how to create a sustainable business”, and another that “in a job there’s a clear career path, but as an entrepreneur you’re flying blind”, “I want to learn how to develop a business idea into a business with potential to be profitable and expand, but have not had access to the correct resources”.
Applications are open until 23 September, with just 50 spots available for the first cohort of the programme.