British parents want to start their own businesses, report shows

Over 60 per cent of British parents want to set up their own business, according to a survey carried out by the Start Up Loans Company.

The research, which surveyed 2,000 adults aged 18 and over, found that the majority of parents want to quit their current job and start up their own business as it would provide them with a better work-life balance.

Achievement

The survey highlighted the benefits that being self-employed can provide, with the majority of parents stating that it would provide a more flexible lifestyle, give them the opportunity to be their own boss, turn their hobby into a career and provide them with a sense of self-achievement. 

The research also showed how being self-employed would benefit parents depending on the number of children they have.

Parents with one child said that the potential to earn more was the most attractive part of setting up their own business, whilst those with two and three children said that it would provide them with increased flexibility.

Dreams

Commenting on the research, Start Up Loans Company CEO Tim Sawyer said that it shows that many parents are not giving up on their business dreams and are still thinking about starting up their own company, mainly due to the fact that doing so would provide them with more flexibility to look after their children.

“Some parents actually got their business ideas thanks to their children,” he added.