83% of female entrepreneurs tell other women: ‘Start your own business!’

Nearly 60% of women believe they have more opportunities than men to run a successful business...

83% of UK female business owners would recommend starting a business to other women, according to a report by Vistaprint out today.

The Women-owned Micro Businesses Trend Report, which surveyed 1,200 professionals in the UK and US, revealed that 54% of UK female business owners expect their company to do better financially in 2016.

When quizzed about apparent gender divides in enterprise, 60% of female business owners now believe female entrepreneurs have either the same or more opportunities than their male counterparts.

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Despite the general positivity, 35% of the women surveyed said they had encountered some level of gender discrimination and stereotyping in their career.

Furthermore, it was suggested that many women still face barriers when attempting to start their own business with 50% having cited limited access to funding as the biggest barrier to growing their business.

67% of women also revealed that they wanted additional support to tackle issues including tax incentives or credit (33%), advice from other micro-business owners (33%) and more networking or mentoring opportunities (34%).

Laura Tenison, founder and CEO of JoJo Maman Bébé said:

“The study carried out by Vistaprint is encouraging; growing numbers of female-launched companies have sprung up.

“However, there also appears to be a lot of talk that women-run businesses are stilted by lack of funding and ambition. I would suggest confidence and fear of failure is the strongest reason for women run companies not growing to the next level. My advice would be: ask for additional support if you need it, whether it is financially or in any other area. It will give the shot of confidence to move to the next level.”

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