RESEARCH shows only about half of women who own a business are prepared for their retirement but a team of researchers from ECU and UWA want to change that.
They are running a series of workshops for women who own a small business to give them information to make decisions about retirement planning.
ECU’s School of Business and Law Associate Professor Janice Redmond is the project’s chief investigator and said the free seminars would help improve businesswomen’s financial security.
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READ NOW“We know women who own a small business are less prepared for their retirement than their male counterparts and that’s a big issue for them and the wider community,” she said.
“The seminars across the metro area will teach women about their financial options and opportunities as well as giving them a solid example for how other women are doing it right.”
Previous research conducted by Prof Redmond and her colleagues found that while women were encouraged to start their own businesses as a flexible work option a lot of the time the business they started did not allow them to provide adequately for their retirement.
She said improving women’s financial security through the research project would provide significant benefits for the business owners.
The research team will be running workshops across the metropolitan area in August.