The Association of Chartered Certified Accountants has carried out research about small businesses. They spoke to 2,000 adults about a variety of issues. Despite the current economic climate and the negative press surrounding the influx of workers from overseas, 96% of people surveyed felt that small businesses play a vital role in society. In fact, the recession is not putting people off starting their own business, as 60% of respondents expressed a desire to be their own boss. This entrepreneurial spirit was even stronger amongst the younger generation, with 75% of 25-34 dreaming of running their own company.
Head of business advisory services for ACCA, Glenn Collins, said: “Small businesses are the lifeblood of the UK economy and it is wonderful to see that people have such a high regard for the role SMEs play within the community. Running a business is seriously hard work and requires skill, dedication and drive. It is hugely encouraging that so many respondents – especially so many young people – aspire to be their own boss. This entrepreneurial attitude bodes extremely well for the next generation of business leaders.”
The survey also asked what businesses people would choose to start up. Around a fifth expressed a desire to open a shop but there were many more original ideas.
Speaking about this business flair, Glenn Collins said: “Creativity is imperative in business and people have certainly been creative in some of their business suggestions. I’m not convinced there is a huge market for stationery for dogs, but space tourism could really fly!”