One in 5 Britons says they need to begin an organization in 2021

Originally written by Timothy Adler about small business

One in five adults in the UK say they want to start a business in 2021.

This number rises to over a third (34 percent) of 18 to 34 year olds.

And one in ten respondents stated that they had already actively planned for their start-up this year.

Even more exciting was that only 6 percent said they were unemployed, up to 8 percent because of vacation. More than a third (37 percent) said they had always wanted to start a business.

> See also: Self Employed Checklist – A Guide for Small Businesses

More than half of those who expect to start their new business sometime in 2021 see this as a sideline.

For the types of startups looking to launch, health and wellbeing ranked first (11 percent), followed by manufacturing (10 percent), technology (10 percent), and business services (10 percent).

Manufacturing, however, was the overwhelming number one category in the industrial West Midlands where people were most likely to be self-employed.

But 12 percent of all respondents said they need more information and support before going into business, and 8 percent have postponed it when times are safer.

Emma Jones, Founder of Enterprise Nation, said, “This study suggests that the start-up spirit is still strong in the UK, but it also reveals that there is an unmet need for early support and education or labeling of what is already there exists for people interested in starting a business. “

The report, which was produced for the Enterprise Nation small business support network and the government-sponsored Start Up Loans funding program, interviewed 2,000 adults in the UK between December 16-18, 2020.

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One in five Britons says they want to start a company in 2021

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