Global Entrepreneurship Week 2009

This week (16-22nd November) is Global Entrepreneurship Week 2009 (GEW), a worldwide movement of entrepreneurial people, with millions unleashing their enterprising talents and turning their ideas into reality.

To coincide with GEW, we have surveyed over 2000 people in the UK*, and found that a third of British people want to, or have already started their own business. However, the recession has had a damaging effect on entrepreneurial confidence, as 40% of those that do want to set up their own business blame the recession for delaying their plans. Only 14% believe that now is a better time to start a business than a year ago.

Our research shows that the desire to become an entrepreneur is still alive and kicking for lots of Brits, but many are putting off the decision due to worries about the recession. As small businesses contribute more than 50 per cent of the UK turnover and employ almost half the working population, it is clear that more must be done to restore confidence and encourage entrepreneurship in the UK.

We believe that providing British entrepreneurs with the right support and advice could give them the added confidence needed to turns their plans to start a business into reality. Initiatives like GEW are a great opportunity to highlight British small business success stories to a wider audience, and to ensure that the right tools and advice are provided to future entrepreneurs.

If you would love to start your own business but you’re worried about the recession, why not listen to our top tips podcast or take a look at our recession guide for advice from some small businesspeople who already took the plunge!

*All figures, unless otherwise stated, are from YouGov Plc.  Total sample size was 2011 adults. Fieldwork was undertaken between 6th - 9th November 2009.  The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+).

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