Majority of British workers think they will never be their own boss

Majority of British workers think they will never be their own boss

Aspiring business owners are put off by start-up costs

Thursday, May 9, 2019

Millions of workers in Britain have strong aspirations to run their own business but the vast majority believe they will never make it happen, according to new research.

The international survey, commissioned by Herbalife Nutrition, found the top reason Britons wanted to run their own business is to become their own boss, however 82 per cent worry they will never get the chance to follow their dream.

Reasons putting off the 46 per cent of Briton’s who harboured entrepreneurial ambitions were initial start-up costs, anxiety over the success of the business and a lack of know-how.

John DeSimone, co-president and chief strategic officer for Herbalife Nutrition, said: “Starting a business from the ground up can be daunting, but the opportunity to pursue your own passion can be a liberating and exciting experience.”

Almost eight in 10 UK respondents of the survey were interested in starting a business but felt overwhelmed by the prospect, 57 per cent felt initial costs were the biggest barrier to a new found entrepreneurship.

Despite this the OnePoll survery revealed 30 per cent of British entrepreneur-hopefuls took steps to open their own business.

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