It’s been a tough couple of years for the Small Business Owner and Entrepreneur.

Read on and find out the latest global stats from business owners and see the latest INFOGRAPHIC from Hiscox.

Bad Press…

The Media have reported lots of  doom and gloom on the economic front, bad press for the banks, and tough times for small businesses. We are regularly presented with grey outlooks for growth and business stability, and are almost constantly being told about low outlooks for growth.

High Hopes…

It great to know though, that all is not bad. There is still hope for small businesses and entrepreneurs in the UK, some parts of Europe and of course, the USA. The statistics shown on recent research by HISCOX shows that many enterpreuenurs have high hopes and a great deal of confidence for the coming business year. Over 48% of them are optimistic about the year ahead and 45% of them have reported growth in profits in the last 12 months, which is great news for us all.

Less Layoffs…

Business owners and entrepreneurs outlook seems seems much more positive for the year ahead, reflected by a massive 75% of them predicting new staff recruitment and avoiding layoffs. This is great news, and indicates the possibility of some strong growth for businesses next year.

But More Stress…

Of course there is nearly always a downside,  Increased stress was the biggest single personal impact of the downturn, reported by 43% of all respondents. Perhaps significantly, this shows no increase on last year, although most SMEs are finding life tougher. I think most entrepreneurs are at least doubling their efforts, which sets it’s own price.

Determined To Succeed…

Research shows that the downturn also strengthened the resolution of SMEs. Three in ten respondents (30%) said that it had made them stronger and more determined to succeed and 31% said that it had spurred them on to work more efficiently. More efficiency means more business, and this should help stabalise the business markets and increase sales and profits for 2013. Easy Offices UK who offer serviced offices all over London, also reported an increase in enquiries for new and expanding businesses.

Source: HISCOX


This is great news for business owners entrepreneurs and shows just how committed and determined we are! Hopefully 2013 will prove to be a better year for many businesses . Long may the positivity continue!


Written by Caroline Baxter
Caroline Baxter is a serial Entrepreneur, Business Start Up Coach, and recent bestselling author on Amazon. Having started her first business aged 24, she now has multiple businesses in property, the motor trade and online and offline business consultancy. Caroline is now starting a series of live training events to support entrepreneurs looking to plan launch and grow their business