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In both the US and the UK 72% of female micro-business owners claim entrepreneurship has had a positive impact on their family life, according to Vistaprint’s Woman-owned MicroBusiness Trend Report.

The top three reasons given by UK respondents for starting their own business were to take control of their life (48%), to follow their passion (43%) and to make money (33%).

The survey interviewed more than 1,200 women micro business owners in both the United States and the United Kingdom, with 83% of women business owners in the UK claimed they would recommend starting their own business to someone else.

44% of UK respondents said their income from their micro business was enough to support themselves financially and nearly one in five respondents from both the US and UK say they have a second job to provide supplementary income.

62% of women micro business owners in both the US and UK expect their businesses to do better financially in 2016, with approximately 60% of respondents from both countries expecting to grow their business over the next five years.

77% of female entrepreneurs surveyed in the UK said that marketing and promotions was either very important or important, and 81% indicated managing day-to-day operations was either very important or important.

Trynka Shineman, president of Vistaprint, said: “It’s inspiring to see the vast majority of female business owners feel that their home life and personal satisfaction has benefitted from running their own business. They have more control over their schedules and get more choice over the work they actually want to do.”

Are you a female micro or small business owner with a family? We want to hear from you! Leave us a comment below with your opinions on how owning your own business effects your family life.

 

 

About The Author

Stephanie Whalley

Serial snacker, compulsive cocktail sipper and full time wordsmith with a penchant for alliteration, all things marketing and pineapple on pizza.

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