Half of Brits considered becoming entrepreneurs

25.05.07

These are not just pipedreams, the report by the Entrepreneurs Organisation (EO) claims. A promising 39% of those surveyed said it was not only an aspiration, but there was in fact a possibility that they would set up their own venture.

“These results are extremely encouraging, proving that there is a wealth of entrepreneurial drive in the UK, just waiting to be harnessed,” said William Berry, communications chair for EO London.

Once again, London was found to have the biggest proportion of would-be entrepreneurs with 50% admitting starting a business had crossed their minds. The North had the lowest amount of entrepreneurial spirit however – only 44% had business aspirations.

The younger generation is leading the way for business drive, according to the report. Only 42% of over 55s thought about setting up alone compared to 60% of 25-34-year-olds.

However, entrepreneurial drive is still more prevalent among men, the EO found. Less than 45% of women have considered becoming their own boss, compared to 55% of men.

Berry said the EO hoped to encourage a growth in new enterprise in Britain for a new generation of entrepreneurs through peer learning, forums and networking events.

© Crimson Business Ltd. 2007