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Insights for Entrepreneurs

Why Brits Love Owning Their Own Businesses

Many people across the U.K. dream of being their own boss and owning their own business, but starting up a company can make for a cause for the kind of financial stress and operational worries you’d otherwise not have to worry about as an employee. There were 5.5 million private sector businesses in the UK by the end of 2016, up 2% from 2015, according to business statistics compiled by House of Commons Library

So, why is being self-employed and working for oneself a growing trend in the UK? To find out, have a look over these survey results exploring how gender, age and location can affect our feelings about running our own companies…


Which of the following things do you love the most about being a business owner?


• Being your own boss: 76%

• Flexible working hours: 64%

• Having the final say: 40%

• Putting a team together: 25%

• Salary perks: 16%

• Business travel: 9%

• Other: 6%



Male and female business owners agreed on all aspects of entrepreneurship, across the board. 76% of both men and women indicated that being your own boss was the part of owning a business they loved the most, while flexible working hours coming in at a close second (65% men and 61% women).


The results also indicated that men appear to value having the last word much more highly than women. Having the final say is a major attribute for 49% of men but with women this view is only held by 27% of them.  However, the importance of leadership is clear among both genders, as putting a team together appealed to 25% of men and 24% of women.


If you were of the view that having the freedom to travel for business and reaping great financial rewards were leading factors of owning a business, according to this survey you’re mistaken. For men, only 16% indicated that they loved the salary benefits, while a lower 10% claimed to associate value with business travel. Similarly, the salary and travel aspects achieved only 17% and 7% among the females surveyed.


Originally posted 2017-11-30 18:28:23. Republished by Blog Post Promoter