Connect with us

Hi, what are you looking for?

Editor’s Pick

Half of all Londoners aspire to set up own company in 2023

More than half of all Londoners have either started their own business or aspire to do so in 2023, compared to nearly a third of people overall across the UK.

Making their own money and being their own boss are top of the agenda for Londoners, nearly one in five stating that they want to generate their own income, followed by 14 per cent who want start their own business so they have something of their own and one in 10 saying they feel trapped in their job, according to new research, published today by AAT (Association of Accounting Technicians).

Perhaps as part of ‘The Great Resignation’ fuelled by the pandemic, which saw record numbers of people leaving their jobs, the data showed that overall, nearly a third of UK workers have started their own business or considered doing so in 2023.

In addition, 19 per cent of Brits felt that this was the only way for career progression and a further 18 per cent made this move because they felt trapped in their job.

Despite this, nearly one in 10 people are put off starting a business by tax and accounting and one in five don’t think accountancy skills are important to start a business.

“The pandemic has proven to be a powerful catalyst for people to reassess their work lives, and 2023 could be the year for many Brits to take the plunge to be their own boss,” said Rob Alder, head of business development at AAT.

Additional research by AAT with small business owners in the UK revealed that the top three mistakes when starting a business are poor understanding of the target market (30 per cent), cash flow management (19 per cent) and ignoring technology (19 per cent).

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Editor’s Pick

<?xml encoding=”utf-8″ ??> Pressure on the Tory Party chairman increases as the head of HMRC says there are no penalties for ‘innocent errors’. Nadhim...

Editor’s Pick

<?xml encoding=”utf-8″ ??> With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike...

Editor’s Pick

<?xml encoding=”utf-8″ ??> TSB’s 5,700 staff and executives are to share a 10% bigger bonus pot this year, after rising interest rates pushed the...

Editor’s Pick

<?xml encoding=”utf-8″ ??> NatWest is to shut another 23 branches in England and Wales, adding to a raft of high street banking closures already...

Editor’s Pick

<?xml encoding=”utf-8″ ??> Shell has put more than 2,000 jobs in the UK at risk after launching a “strategic review” of its domestic energy...

Editor’s Pick

<?xml encoding=”utf-8″ ??> British taxpayers have become shareholders in a further 53 companies backed by a government rescue funding scheme. These firms include a...

You May Also Like

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.