Sheena Sullivan, partner at accountants and business advisor PKF, said there were a number of myths holding women back.

Myth 1: "I could never afford to set up my own business".

There are lots of ways of getting funding - by equity (people investing in your shares), debt (borrowing money) or grants (getting money from the Government or award schemes).

Look for banks which specialise in the type of business you want to set up.

Even if you don't have the collateral to secure a loan there are still options, such as the Small Business Service's loan guarantee scheme.

Myth 2: "I wouldn't know anyone who could help when I hit problems".

Advice and support is crucial every step of the way. Business umbrella group Sussex Enterprise can help.

Search the internet for local networking and mentoring groups.

There are also a number of relevant organisations and web sites, such as the British Association of Women Entrepreneurs.

Myth 3: "I don't know if my idea will work and it's too complicated and risky to set up a business."

There are some fundamentals for start-ups to consider - you'll need to research the product or service and the existing or potential market. Then you'll need to put together a business plan and secure the necessary funding.

You will have to look at regulations and whether you want to be a sole trader, partnership or limited company.

Then think about marketing. A good business adviser will be able to steer you but the more research you can do, the better.

Sheena Sullivan said: "There are so many options when it comes to funding and support that the best advice is to get advice.

"Talk to other women who've done it before and speak to a professional adviser. Then go for it."

www.businesslink.org
www.sussexenterprise.co.uk
www.bawe-uk.org
Tuesday April 8 2003