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Research shows Brits are ready set up their own business by age 45

Published: 03 December 2015

Amway

 
Did you know that you’re most likely to become an entrepreneur in your mid-40s? New research showed Brits are ready to set up a business and ditch their lacklustre jobs at the age of 45. What’s more, 49 per cent of us confess to having little to no interest in our current career and dream of working for ourselves. 
 
The study, commissioned by Amway, revealed our 40s as the perfect decade to strike out solo and set up a new business.
Amway, the findings reveal our 40s as the perfect decade to strike out solo and set up a new business, which is good news for eight in ten workers, who admit they would happily give up their day job to start a new enterprise linked to a hobby or a passion if money was no object.
 
The study also found that women are more likely to want to run a business linked to food and drink, whereas men find themselves drawn to an outdoor activity-based business. Plus, a huge 87 per cent of people surveyed revealed the reason for being their own boss was to enjoy life, have more freedom, and more family time. Here at Business Franchise, we say there's no time like the present to rethink your career and invest in working for yourself. 
  • 45 is the age we are ready to set up a business (56%)
  • 40s is the decade we feel well equipped to strike out on our own (65%)
  • Eight in ten of us want to give up day job
  • Traits needed to succeed: assertive (69%), an extrovert (73%) and a risk taker (82%)

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