Publications

Publications

The Hiscox DNA of an Entrepreneur Report 2013

The Hiscox DNA of an Entrepreneur Report 2013

This is a study of small businesses across six countries: the UK, USA, the Netherlands, Germany, Spain and France. This year's study revealed tougher trading and reduced optimism.

  • Small businesses found it harder to increase revenues last year, and fewer of them are optimistic about the year ahead.
  • Only one in ten small businesses plan to take on new staff in the coming year – but nearly two thirds expect to avoid redundancies.
  • Small businesses’ biggest fear is not being supported by government. Top of their agenda for government is reduced direct taxation, followed by simpler and fewer accounting rules, and more support and stimulation for lending.
  • The average working week in small businesses is 41.1 hours. The Germans work longest, on average, but have the most holiday. The British have the shortest working week and the second most days’ holiday.
  • Nearly one in three small businesses launched a newproduct or service in the last year – and around two thirds of these plan to launch another one in the next 12 months.

Financial Education