According to new research by Vistaprint’s ‘Trend Report’, 72% of female micro-business owners claim that entrepreneurship has had a positive impact on their family life.
Almost 50% of UK female entrepreneurs referenced the freedom to have control of their own lives and manage their own commitments as the main reason for starting their own business. Following a passion (43%) and high earnings (33%) followed as the most popular reasons.
The study was conducted on 1,200 professionals in the UK and the US, and 62% found that achieving a good work-life balance was the biggest challenge faced by female entrepreneurs globally.
Trend Report’s research also interestingly showed that 59% of the UK respondents believed that women currently have the same, or more, opportunities as men to be successful at running a micro-business. 63% believed that they have more opportunities in businesses than prior generations did to become entrepreneurs.
62% of female entrepreneurs in the UK expect their businesses to do better in 2016, and around 60% expect their business to grow throughout the next five years.
Finally, 44% of those surveyed claimed that income generated from their micro-business was enough to support themselves financially, with around 20% saying they have to have a second job for supplementary income.
Trynka Shineman, president of Vistaprint, commented on the findings:
“It’s inspiring to see the vast majority of female business owners feel that their home life and personal satisfaction has benefited from running their own business. They have more control over their schedules and get more choice over the work they actually want to do.”