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80% of Brits would like to work for themselves

Paystream News

Paystream

Monday 13th Nov, 2017

Eight in ten people in the UK would like to work for themselves in the capacity of a limited company contractor or freelancer in the future, a new survey has found.

Research carried out by Ebuyer.com led to the discovery that the country's entrepreneurial spirit is most alive in London, where 84 per cent of adults have thought about setting up their own business at some point.

Glasgow residents were also keen to take greater control of their careers and become their own boss, with 83 per cent of the city's workers expressing this desire.

Meanwhile, Liverpool was the third most entrepreneurial city on the list, with 82 per cent of residents wanting to work for themselves one day, closely followed by Leeds (81 per cent).

At the other end of the scale, workers in Sheffield were found to be the least entrepreneurial, but still almost two-thirds (63 per cent) of its residents dreamt of becoming their own boss in the future, demonstrating that self-employment is now an attractive and realistic prospect for the majority of people.

Overall, entrepreneurial ambitions were most prevalent among the millennial generation, with 90 per cent of those aged between 25 and 34 admitting to giving serious thought to starting their own business. What's more, 85 per cent of 18 to 24-year-olds revealed the same ambitions.

Amber Smith, Sales Director at Ebuyer.com, commented: "It comes as no real surprise that four in five adults want to start their own business - especially among young people, who have seen YouTube stars and internet entrepreneurs build a business from their bedroom."

Millennials are likely to face a later retirement than generations that have gone before them. Therefore, working as contractors or freelancers means these individuals can work in a field they are passionate about, choose their own working hours and set their own pay rates, so that they can build a career that fits with their lifestyle and can adapt to serve their future needs.