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A third of Brits have entrepreneurial ambition

A third of the British population have started or have aspirations to start their own business, new research has revealed.

The findings have been released to coincide with Global Entrepreneurship Week, and reveal that 46% of those with dreams of starting a business are waiting until next year.

The recession is the main barrier to starting up this year according to the report. Some 40% said they were waiting until the recovery kicks in before they start working on their ventures. Only 14% of people believe now is a better time to set up than a year ago.

“It’s completely understandable that British people are taking a more cautious approach,” said Catherine Harrell, small business specialist at Intuit UK, which commissioned the research.

“As small businesses contribute more than 50.1% of the UK turnover and employ almost half the working population, it is clear that more must be done to restore confidence and encourage entrepreneurship in the UK.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .