The MicrobusinessOwner Lowdown

33% started their business for a better work/life balance while 26% started

it to pursue a hobby or passion.

Over 85% of microbusiness ownersare aged between 21 - 49.

35% of owners hold a full or part time job in addition to operating

their microbusiness.

86.6% of microbusinesses reported being very happy or extremely happy being their own boss.

I’m only18!

Starting up

£2k

87% raised this money via personal savings, friends & family &

redundancy money while just 2.5% got a loan from the bank.

Over 80% of microbusinesses were started up with under

£4k with just over 72% of these less than £2k.

43.2% don’t plan on hiring any FTE sta� in the next 12 months...

...yet 78.4% plan to grow their turnover in the next 12 months!

85.7% of respondents run their business from home whilst only 9.5% run it from a dedicated o�ce space.

Home is where the microbusiness is

Growing bigwhile staying small!

72.2% are sole traders.

72%

80% 72%

How Microbusinessesget their Jobs Done!

A huge 58.7% of microbusiness owners use freelancers

for design services!

Nearly 55% hire freelancers more frequently than they did

this time last year.

60.7% of small business owners cite quality as the number one consideration when hiring a freelancer.

Quality matters

#1Reliability Speed Location Price

Quality

2012 2013

Design

PRSocialMediaIT

Legal WritingAccounting

74.4% hire freelancers to get their jobs doneat least 4 times a year, with over 20% of these

hiring freelancers on a weekly basis.

Hands up if you use them

weekly!