In 2020, it was estimated that over a quarter of employees would like to be entrepreneurs, driven in large part by their dissatisfaction with corporate life. This desire for entrepreneurship doesn’t always translate into actual entrepreneurship, however, especially when people have mortgages, families, and other expenses that are ill-suited to periods with minimal income.
This situation was nicely captured by recent research from the University of Manchester, which found that around half of Londoners would prefer to be self-employed than they would salaried employees, less than one in six actually manage this goal.
Supporting ambitions
It’s widely accepted that entrepreneurship is vital for economic vitality both
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