Finance fears are putting off 40 per cent of Brits who’d like to start their own business
Forget a nation of shopkeepers, we're a would-be nation of entrepreneurs – almost 40 per cent of Britons would like to start their own business.
But a lack of stable income, and fears over financing are forcing Brits to bin their business plans, according to a survey from Intouch Accounting.
More than half of under-35s said they would like to start their own business, with women leading the way. 60 per cent of women between 18 and 34-years-old saying they'd like to be their own boss.
The lack of stable income was the ultimate obstacle to starting a business according to 47 per cent of participants, despite a City A.M. report that Britain’s SMEs generate a yearly turnover of over £1 trillion – one third of the UK’s overall business turnover.
The prospect of securing start-up funding also dampened Britishambitions, with 25 per cent saying it would put them off.
