4 Reasons Women Should Start a Business in 2026
episodePreviously titled “4 Reaons Women Should Start a Business in 2026” — renamed by the publisher on Aug 2, 2026
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What is the main topic discussed in this episode?
Hello and welcome to Friends That Invest, the podcast that feels like a voice note from your favorite finance friend. My name is Sim Kaur and I am wildly passionate about all things money and investing and personal finance and business and just anything to do with getting wealthier and living a better life. Now, today's episode is a request off at the back of the episode that I did called four ways to become richer as a nine to five woman. And the amount of people that loved that episode was so, so, so kind. And a lot of people that listened to that said, well, can we have the opposite? Can you give us reasons to start a business? What does the other side look like? And so without further ado, the first reason why you should be a business owner is that layoffs are among us.
It is no surprise to anyone. And yet we used to grow up being told like, get a job. A job is secure. I come from a family background where our family was obsessed with government jobs. And I think this is like a universal experience of children that have Indian parents who Because a government job meant security, the government was never going to fire you, and you would have a lifelong pension. And you could just have a crazy life you were taking care of. They'd be like, oh my God, did you hear like so-and-so got a security job, another way for saying a government job, like really, really, really impressive. And yet we have only seen... more and more companies decide to lay off people and industries we didn't really think would happen.
Like I would have never guessed that being a software engineer would be a role that would start to become less and less needed in this like tech advanced world. My dad is a software engineer and he was let go of. And then my mom was a childcare teacher.
Why should women consider starting a business in 2026?
She was like a teacher for 20 plus years. And then she got let go of. And then my dad got, I shouldn't laugh. This is like really serious. And then my dad got sick, like was not allowed to work. And my mom started taking care of him full time. And neither of them had salaries. And my brother came home to me. My brother was a lot younger, so he didn't have a job. And he was like, Sim, no one in this household is employed. And it just made me think back to the time of like, we always thought having a job was a form of security. And sadly, that's just not the case. It's not even like a shameful thing anymore to be like, oh yeah, I got let go of. It's like almost everyone has a friend or know someone or themselves have gotten let go of.
In the silver lining in this very negative experience of layoffs being really common, there's no longer that like safety net of, well, if I stick to a job, I'll be looked after. Now, suddenly having a job is high risk and starting a business is high risk. The difference between them, the delta between them, if you may, is It's not that large anymore. And so I saw this meme that just kind of put it all into perspective. It said, the economy is so bad. You might as well follow your dreams. And it just stuck with me. I was like, that is so true. Like the economy is so bad.
How do layoffs impact job security for women?
You might as well take the plunge, start that bakery. You always wanted to start that business. You always wanted to start a consulting company that you always wanted to. So my mother decided that because she had been laid off and my dad wasn't well, so she had to take care of him. She decided that she would actually buy a business. She's a childcare teacher. And so she bought her first childcare center. So she became a business owner in her mid fifties, mid to late fifties. And like that happened in the last couple of months. And we're so proud of her. And it was like this cute little boutique center that, And it's all really new to her. And she was like, so this is actually really, really difficult, but it's also very fulfilling.
And it just goes to show, you know, in a bad economy, like it actually just makes sense to take a risk and to do something on your own. So props to my mom, but also props to all the people that are listening, the Investee Besties that are like, yeah,
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Chapters
3 chaptersSpeakers
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