Six in 10 female small business owners who opened their business prior to 2022 said the past year has been the most challenging for their business (63%), according to new research.
The survey of 1,000 female small business owners also found that one in six are stressed out every day. This may be because more women are starting businesses out of necessity — more than a quarter reported being let go or laid off before opening their business , compared to just 14% of respondents last year.However, the survey conducted by OnePoll forfound that funding concerns are down , as fewer said they still worried about it compared to last year.
They’ll also need to overcome some of the challenges of working from home since that’s where most female SBOs are running their businesses from. This means substantial investments in building a dedicated at-home workspace. “The last few years have demonstrated that it’s possible to start, run and grow a successful business from home with the right products, services and solutions,” said Kevin Moffitt, executive vice president of The ODP Corporation and president of Office Depot. “We’re committed to helping these entrepreneurs get everything they need to succeed.”
“When provided with easy access to innovative tools and resources, the sky is the limit for what these small business owners can achieve,” said Wesley Brinkhurst, vice president of marketing for Office Depot. “And that success ripples throughout their communities, inspiring others and spurring new businesses.”
And if you’re looking to venture off into entrepreneurship, the survey asked the most important pieces of advice respondents would pass along.
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