Entrepreneurs in numbers

Information & BIRTH RATES BY SECTOR communication (13.4%) Other (34.6%) Professional, scientific & technical (12.8%) Production (7.2%) Business administration & support services (11.9%) Wholesale (8.4%) Construction (8.6%) Accommodation & food services (11.4%) Education (9.4%) Retail (10.4%) Property (9.6%) Finance & insurance (10.1%) THE THING TO FEAR IS FEAR ITSELF PROOF THAT ENTREPRENEURS ARE A POSITIVE BUNCH 36% 25% Percentage of people who say the fear of failure stops them exploiting the business opportunities they see Percentage of entrepreneurs whose expectations for growth have lowered' HARD WORKERS Average number of hours worked in a week: Average holiday an entrepreneur takes during the first year: 9 DÁYS Full-time employee 39 Entrepreneur 44 BECOMING AN ENTREPRENEUR WHY DO IT? In comparison to when they were employed, entrepreneurs are: Why do it? Of those setting up a new business: 81% 71% 47% 44% 63% 54% 30% 9% I Busier - 63% Want a secondary income / to supplement their income Want to 'build a big successful business' Better off - 30% More relaxed - 54% More optimistic - 71% I Happier - 81% Want to earn a living CAPITAL GROWTH NEW BUSINESSES BY REGION Region with the highest number of start-ups: Region with the lowest 5-year survival rate Percentage starting up, or who own/manage, a new business less than 32 years old: N.Ireland 64% Scotland 4.2% London London 22% 40% England 6.7% Wales 5.8% SURVIVAL GENDER PLANNING 44% Percentage of men running their own start-up Percentage of women running their own start-up" 7.3% 9% 4% Percentage of UK businesses that survive the first 5 years Percentage of working age adults who expect to start a business in the next 3 years' 1 Global Entrepreneurship Monitor (GEM) United Kingdom 2010 Monitoring Report 2 Office for National Statistics - Business Demography 2010 - Enterprise births, deaths and survival 3 Barclays research - Starting up in 2009: a comparison to the experience in 1999