More Britons looking to go it alone in 2017

One in 10 people in Britain want to start their own business this year, that's according to a recent survey.

The research of 1,000 working British people, commissioned by Freeagent and carried out by OnePoll, found that the key reasons cited for why people want to work for themselves include the desire for an improved work / life balance and greater control over the type of work they do. Two-thirds of people aged 18-24 said they planned to become their own boss at some point in their lives, compared to two-fifths of over 55s.

The statistics further support findings published in December by broadband provider Hyperoptic, which suggested that more than a quarter of Britons were hoping to start their own business. The survey of 3,000 people also showed that more women (28 per cent) than men (24 per cent) wanted to go it alone.

Commenting on the findings, Hyperoptic’s Chief Customer Officer Steve Holford, said: "The barriers to starting a company have never been lower – over half of the respondents to our research said they would initially set a business up from home, so for many it’s just finding the nerve to take the leap and put their idea into action.

"The fact so many people are planning to join the market in 2017 is incredibly encouraging; the key is ensuring they have the tools in place, and support network, to enhance their success."

Beavis Morgan – Specialist advisers to UK startups and entrepreneurs

At Beavis Morgan, we know that starting up and running your own business can be very rewarding, provided the right structures are in place. Experience is the best teacher and our team of startup business experts have plenty of that. We are well versed in working with startups and entrepreneurial people across a wide range of sectors, providing guidance and strategic advice to help in formulating plans for your business in order to strengthen its prospects of success, achieve growth and maximise wealth.

For more information about how we can help you with your entrepreneurial ambitions and your startup business, contact Steve Govey or your usual Beavis Morgan Partner.