Working women are being encouraged to become self employed and start their own businesses in order to find alternative income sources. This is in reaction to the prediction they will be more affected by the child benefits cuts, reduction in part time staff and Public Sector job losses, all of which hit women harder. European Union (EU) has called for an increase in the number of female entrepreneurs but this may take some persuasion. Only 39 per cent of women say they would actively choose to be self employed compared to 50 per cent of men. Interesting disparity, and I think men are more confident that any risks they take will work out, whereas women are often more wary and look at the big picture before setting up on their own. In 2009 the European Commission launched a networking group with successful female entrepreneurs campaigning to inspire more women to set up their own businesses. Initially the network had 150 ambassadors from ten European countries, in December a further 12 countries including the UK joined. People often focus on the profits from starting your own business, and while money is a good incentive, more women would become entrepreneurs if we focused on the flexibility if offers. Certainly, the EU is right about one thing, more self-employed women will help foster economic recovery.