According to the FSB's latest research, a staggering 67% of prospective small business owners prioritize independence over personal wealth, emphasizing the desire for autonomy.
With the aim of fostering economic growth, the FSB suggests that the government should set a target to support half a million new small businesses by 2028.
The research underscores that a significant 71% of individuals on benefits are drawn to self-employment due to its potential for offering a better work-life balance.
FSB advocates for reform in Universal Credit to protect those transitioning from unemployment to self-employment, specifically extending the start-up period from 12 to 24 months.
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