Half of all workers 'want to start their own business'

  • By Josh Hall
  • 15 July 2010

A staggering 50 per cent of all UK office workers have considered setting up their own business.

This is according to new research from PayPoint.net, which suggests that these wannabe entrepreneurs are held back by a combination of start-up costs and the administrative burden associated with launching a new venture.

The survey also found that as many as 62 per cent of all respondents would start a business if they thought that the task was easier. More than one third of those surveyed said they would start an online business if they had the choice.

Construction firms were the least popular amongst prospective entrepreneurs, with just 2 per cent saying they would start this type of business – perhaps unsurprisingly given the impact of the economic climate on the construction industry.

A lack of job satisfaction seems to be encouraging this sense of fledgling entrepreneurship amongst people who may never previously have considered starting their own business.

As previously reported, start-up rates are on the rise, with around 240 new companies incorporated every day during the first quarter of 2010. This increase has taken some analysts by surprise, with many predicting falls as a result of continuing economic uncertainty.

It is hoped that start-up rates will continue to increase as business finance becomes more readily available.

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