Mothers in the Work Place Are on the Rise
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Business > Entrepreneurs
Jun 19, 2007
54lpbs
Mothers in the Work Place Are on the Rise
Lone Peak Business Solutions has found that more and more of their clients who are mothers are entering the workforce. Lone Peak Business Solutions' estimates that in 2006 90% of their clients that are mothers are working. According to the U.S. Census Bureau the percentage of working mothers (between 15-44 years old) went from 53% in 1994 to 55% in 2002. Out of the 82.5 million mothers in the U.S., that is a1.65 million jump of mothers in the workforce. In 2002, mothers with children age 1 and older were in the labor force at a higher rate (72 Percent) than mothers with infants (55 percent). Among mothers with infants, 61% of those 30 and older were in the labor force compared with 39% of those ages 15 to 19. This rise in working mothers could be attributed to many factors. One of the largest reasons is families that feel they need the additional income. With inflation, rising oil prices and increased cost of living, many families feel that they can't survive without the additional income from a working mother. In addition, there are a lot of single mothers who are the only source of income for a family. Along with the increasing reality of two parents working and single parents working, there is also the increasing need for quality child care. There are roughly 687,000 daycare providers of which roughly 618,000 are self employed persons. Many mothers prefer the atmosphere of the self employed day care providers because they often work out of their homes which provide a homey atmosphere that a large facility can't produce. One of the major problems with mothers working is the cost of these Day Care facilities. Christopher Anderson, Vice President of Lone Peak Business Solution, Inc. said, "One of my clients is a family where the mother started working in 2006. She made roughly $12,000 but she had to pay out $9000 in day care expense. Her day care took 75% of her income. After taxes were taken out of her paycheck she made almost nothing." "One way working mothers have found to solve the working away from home and daycare expense is to become a self employed Day Care Provider," says Anderson. By becoming a daycare provider they have created an optimal position for themselves for three main reasons. 1. The self employed Day Care Provider is now able to stay home with her/his own children instead of relying on others to take care of them. They now have the freedom to raise there own children. In this way, they can ensure there children and getting taught the values they want, not hoping that someone else is teaching them the right things. 2. While able to stay home, the self employed Day Care Provider is still able to provide the much needed second income. Many of Lone Peak Business Solutions' clients that have day care businesses often make more money than that of there spouse. 3. When set up properly, the income a self employed Day Care Provider makes can be received in many tax free ways. Through tax deductions for business and deductions specifically for Day Care Providers, much of the income that a self employed Day Care Provider earns can be written off. Kathy Anderson, President of Lone Peak Business Solutions, says, "I have worked with many Day Care providers in my 26 years in business. Those who have taken the time to get the proper licenses and set up the proper safety rules, are successful, work with happy parents and children, and often continue even after their own children go to school." These child care providers have created an income while there children are at home and income for years to come as they continue to enjoy the freedom of business ownership.
Christopher Anderson is part owner of Lone Peak Business Solutions, Inc. He wants to share his success as a business owner with others who desire to own their own business. He also believes that the economy is stronger with more business owners, and as a result, he is focused on helping business owners succeed.
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