A recent survey reveals that more people are starting a business to strengthen their financial security despite the current economic climate.
The research was carried out by business consultants www.getsetforbusiness.com who surveyed businesses established for less than six months on their motivations for becoming self employed. Over 40% of respondents indicated their main reason was the fear of redundancy from employment and the subsequent removal of financial security.
Over 200 business owners were questioned and other motivations included the flexibility of working from home and not having to answer to bosses.
Recent figures released by Companies House and the British Banking Association show further signs of business confidence. Over 27,000 new Limited Companies were incorporated...