November 30 ,2017 | by Erin O’Neill

85% of Britons want to start a business

Research from Huawei has found that 85 per cent of people in Britain want to set up their own business, with 77 per cent planning to pursue their goals in 2018.

The study surveyed 5,000 people across the UK and revealed which cities are leading the way when it comes to career goals.

Passionate

The survey showed which subjects Britons from particular cities feel the most passionate about, with 38 per cent of people in London wanting to become a social media star and 29 per cent of people in Belfast wishing to pursue a creative career in areas such as filmmaking or photography.

Respondents from Leeds are the most passionate about food, with 11 per cent wishing to run a bakery or deli, whilst respondents from Newcastle wish to pursue a career in technology, with 15 per cent wanting to create their own app.

The report revealed which cities are the most ambitious, with Exeter topping the list at 60 per cent, followed by Leeds, Cardiff, Birmingham and Bristol.

Barrier

The study also revealed the main challenges for Britons when it comes to starting a business, with not having enough money being cited as the main barrier at 75 per cent. This was followed by not having access to the right technology (74 per cent) and a lack of confidence (36 per cent).

Other barriers that were cited by respondents included a lack of motivation and not having enough time. 

Erin O’Neill

Erin O’Neill is an LSBF News Writer who reports on small business, careers, technology and education news.

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