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40% of Britons want to start a business

Yet many are deterred by a lack of stable income, the ability to secure start-up funding and the prospect of too much stress and responsibility

Almost 40% of British people want to start their own business but are held back by finance worries, a report by Intouch Accounting claims.

A lack of stable income and securing start-up funding were named as the two biggest obstacles which put people off going self-employed; cited by 47% and 25% of respondents respectively.

Concerns over too much responsibility, stress and long working hours were also common reasons why people hadn't started their own business.

Over half of those aged under 35 said they would like to start their own business – interestingly 60% of women between 18 and 34-years-old stated that they would like to be their own boss.


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