11 May 2018
A survey carried out by AXA Business Insurance has revealed that a significant number of self-employed individuals believe that working for themselves has ‘improved their quality of life’.
82% of those polled believe that being their own boss has enhanced their quality of life, whilst only 7% believe that working for themselves has negatively impacted on their quality of life.
The survey also suggested that, in regard to mental health in the workplace, just 40% of self-employed individuals experience work-related stress, compared to 60% of those in regular employment.
However, when it comes to starting up in business, the survey revealed that many UK entrepreneurs struggle with their self-confidence: 50% stated that they lack confidence, while 22% reported that mental health issues hold them back from pursuing their business goals.
Commenting on the findings, Gareth Howell, Managing Director of AXA Insurance, said: ‘Some people are attracted to self-employment as a route out of a damaging workplace situation. Whatever your motivation, timing is crucial to success or failure in self-employment.’
We can help you to select the most suitable structure for your new business – simply contact us for more information.