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More Brits Than Ever Want To Be Their Own Boss

More Brits Than Ever Want To Be Their Own Boss

11 per cent of people surveyed by accounting software company FreeAgent want to start their own business this year, a figure slightly higher than 2017.

Respondents said the top three reasons for wanting to become their own boss are:

  • Better work/life balance (44 per cent).
  • Wanting to choose the type of work they do (43 per cent).
  • Attaining a greater sense of achievement (37 per cent)

The top three concerns around setting up a business were:

  • The financial burden (35 per cent)
  • Managing company finances (34 per cent).
  • Lack of confidence (30 per cent).

More women than men plan to set up their own business in 2018 (13 per cent, compared to nine per cent of men).

London is home to the highest number of budding entrepreneurs looking to start their own business by the end of the year (18 per cent), while 32 per cent of respondents in Northern Ireland said they plan on starting their own business by the end of 2020.

Of the younger age groups surveyed, 57 per cent of 18-24-yearolds and 57 per cent of 25-34-year-olds said they planned to become their own boss at some point. Read more like this

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