More workers aim to become self-employed
The number of people who are planning to become their own boss has almost doubled in the past year, according to research.
Aldermore polled 2,003 adults and found that 29% aim to start their own business in the future – up from 15% in 2017.
Some 18% of those intend to make the switch in the next 12 months, while 28% believe they will give up full-time work to become their own boss within three years.
Of the respondents, 15% planned to launch a business in the retail sector followed by 11% in catering and accommodation.
This optimism was reinforced by positive responses from those who had already made the transition to self-employment, with 70% believing they became their own boss at the right time.
Nearly a third (29%) of those expect their income to grow in the next 12 months, with 48% expecting it to remain the same.
The majority (93%) said they enjoy being their own boss, and 51% have been able to earn more than they did in their previous job.
Charles McDowell, commercial director at Aldermore, said:
“The research demonstrates that the UK is a truly entrepreneurial nation and it takes a lot of courage to make the major life decision to become self-employed.
“It is encouraging to see almost three in 10 [people] expect their revenues to increase in the next 12 months, which is a positive outcome in light of myriad uncertainties.”
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