We'd like to start a venture at home, but we're scared

Most UK employees say they find the idea of running their own business from home appealing, according to new research.

Most UK employees say they find the idea of running their own business from home appealing, according to new research.

But despite the apparent attraction for 65% of the working population in the survey by Axa, it seems fear and uncertainty are holding back many wannabe entrepreneurs when it comes to realising their dreams.

The top six factors that put people off setting up on their own are: lack of regular income (67%), fear of the unknown (66%), lack of business sense (58%), inability to secure funding/investment (57%), no holiday, maternity/paternity cover, sick pay/cover (42%) and lack of government support (28%). Working from home is appealing because there is a perception of having greater control.

A better work-life balance is the most important reason for wanting to work from home, cited by 92%.

Overall, less travelling was seen as the second-biggest benefit to working from home, with 80% of people saying this. Some 76% thought they would gain more independence.

And the more senior a person is, the more appealing they seem to find the idea of working from home.

When asked about the most important factors to consider when setting up a business, first came the business plan, which almost half of all respondents rated as very important, followed by investment and marketing.

Which entrepreneurs do UK employees aspire to emulate? Richard Branson (63%), Bill Gates (41%) Stelios Haji-Ioannou. (31%) Alan Sugar and Anita Roddick (22%).

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