‘The Side Business Phenomena’

16% of the UK run part-time businesses

16% of the UK run part-time businesses

Almost a fifth of people in the UK now run a part-time business with the average part-time entrepreneur earning £16,000 a year and 12% earning over £49,000, a global report by e-commerce group Selz has found. Indicating a growing rise in entrepreneurialism, an additional 24% of workers have said they plan to launch a part-time venture “soon” in order to “seek out greater personal fulfilment and financial freedom”. According to the research, entitled ‘The Side Business Phenomena’, the majority of part-time entrepreneurs work an average of 14.5 hours per week and juggle business with their day-to-day career While financial gain was the main motivator for launching a part-time enterprise – with 57% admitting so – wanting “to do something that I love” followed closely at 45% and was the ... »