The future is bright for female micro-business owners in the UK. Over six in ten expect their business to do better financially in 2016 according to Vistaprint’s Women-owned Micro Businesses Trend Report* released today, which studied female entrepreneurs in both the UK and US. And despite the many challenges and long working hours, 83% of UK female MBO’s would recommend starting their own business to other women, whilst 59% believe they now have the same or even more opportunities than men to run a successful company.
On both sides of the Atlantic women micro-business owners have a rosy outlook with 77% of Millennials expecting growth, as compared to 67% of Gen Xers and 52% of Baby Boomers. The lower expectations for Baby Boomers is driven by their business strategy of maintaining their business at its current size over the next five years (32%). 11% indicated that they are preparing to sell the business or close it down, compared to 0% of Millennials and 3% of Gen...