One in Five Small Business Owners Previously Fired

Findings from accounting software firm Kashflow sheds light on a fact that connects 20% of the country’s entrepreneurs… Research has revealed that as many as one in five small business owners had been fired from previous jobs before starting up their own business. The research, commissioned by small business accounting software firm, Kashflow, was compiled from the feedback of 1146 businesses across the UK in order to better gauge user needs. The SME survey also found that 44.2% of business owners started up on their own because they were “sick of their jobs and could do better themselves” 37% had recognised a niche idea or found a gap in existing markets 7.6% started their own small business because of redundancy and 5.4% revealed there was no alternative as they c... »