During the COVID-19 pandemic, as businesses shuttered and economies faltered, a surprising trend emerged: a surge in female entrepreneurship. In both the US and the UK, many women turned the adversity of job loss into an opportunity to start their own businesses. According to the U.S. Census Bureau, the number of women-owned businesses in the United States increased by 4.9% from 2019 to 2021.
In the UK, Companies House data revealed a 14% rise in the number of female-founded companies during the same period. These statistics highlight a significant shift, as women, particularly young women, seized the moment to build their own empires after losing their jobs:
