Despite the challenges facing small and micro businesses in the UK, the nation’s business owners are displaying unwavering entrepreneurial spirit, according to a 4,000 strong poll commissioned by global workspace provider Regus.
Even though 38 per cent of entrepreneurs fell into business ownership through redundancy, 83 per cent say that given the chance they would do it all over again.
Asked about the deterrents to setting up a business today, 80 per cent of business owners cite access to credit, followed by red tape (71 per cent) and lack of government support (64 per cent).
Half believe the state of the economy deters budding entrepreneurs, while market dominance by large corporations is also highlighted as a further barrier (44 per cent).
“It is a hugely positive sign that business owners would choose to set out on their own again, even if many of them were forced into entrepreneurship by redundancy,” says Steve Purdy, UK managing director at Regus.
“This bullish attitude will help lift Britain out of the economic doldrums.”