‘No turning back’ for entrepreneurs
September 13, 2007 by admin
Filed under News, News-Banking
A large proportion of people in the UK who have struck out on their own would not want to return to doing a 9 to 5 job, according to a new study.
Research carried out by Abbey found that 77 per cent of entrepreneurs in Britain would never want to work for someone else again.
Those working in the East Midlands were the most satisfied with being their own boss, as 91 per cent wouldn’t go back to their former employer. More than half of those in Wales, however, would return to their old job.
“Running your own business can be tough but rewarding,” said Ian Wilson from Abbey.
“The benefits of running your own business obviously outweigh the negatives. Once people have taken the plunge they are unlikely to want to return to their old lifestyle no matter what problems they may encounter.”
As well as potentially challenging financial circumstances, entrepreneurs could face hurdles from a social point of view as well.
A spokesperson from the National Federation of Enterprise Agencies warned: “Running a small business can be a lonely occupation, especially to someone who has become accustomed to the world of employment and big organisations.”
