Over a third (35%) of small business owners say 2024 has been their slowest for growth in the past five years, yet most would still encourage entrepreneurship.
The research by VistaPrint indicates that the most significant barrier to expansion for SBOs is access to finance, particularly for those with under 10 employees.
Despite challenges, SBOs seem resilient; many are self-funding their businesses and relying on family support, highlighting the importance of community in entrepreneurship.
The relaunch of VistaPrint's 'Realising the Remarkable' programme aims to counteract the barriers faced by small businesses by providing vital grants and expert support.
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