A recent survey highlights Gen Z SME owners’ confidence about their business outlook for 2025.
- An impressive 94% of Gen Z business owners feel positive about the future, despite economic challenges.
- Millennials also show optimism with 83% expressing confidence in their business prospects.
- The survey indicates a decline in confidence among older demographics, particularly those over 45.
- Resilience in adapting to economic changes is a significant factor influencing SME owners’ optimism.
A recent survey underscores the confidence held by Gen Z small and medium-sized enterprise (SME) owners as they anticipate the business landscape in 2025. An impressive 94% of these young entrepreneurs express positivity regarding their future business prospects, with a significant portion, approximately one-third, stating they are ‘very confident.’ This optimism emerges despite the broader economic challenges that UK businesses have been navigating, including issues arising from Brexit, the pandemic, and inflationary pressures.
In comparison, the Millennial demographic also showcases a strong sense of optimism, with 83% reporting confidence in their business outlook. This sentiment contrasts notably with older age groups; only 56% of business owners aged 45-54 and 53% of those over 55 express similar confidence levels. The survey findings suggest a correlation between age and outlook, with younger owners more likely to embrace an optimistic perspective.
The research was conducted amid concerns about upcoming economic scenarios, including a potentially challenging Autumn Statement. Nevertheless, the resilience and adaptability of SME owners are evident. These business leaders have consistently had to recalibrate operations around a volatile economic environment, whether that’s adapting to supply chain disruptions or capitalizing on digital market trends.
Phil Foster, Founder & CEO of Love Energy Savings, highlights the proactive stance of these business owners: “It’s massively encouraging to see so many SME owners leaning into the new year with confidence and optimism.” The survey, commissioned by Love Energy Savings, aims to reflect this mindset, emphasizing the potential for thriving businesses despite current adversities.
Furthermore, the collective sentiment among SMEs remains positive, with 88% recommending others to start small businesses in 2025. This endorsement speaks volumes about the prevailing optimism and readiness to tackle forthcoming challenges head-on. It highlights a communal belief that adaptation and strategic reinvention are key to enduring success.
Ultimately, the survey reveals a striking optimism among young SME owners, signaling a promising outlook for 2025.
