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News - 15 September 2003

There’s no going back for SME Bosses

The majority of UK small business owners value their freedom to such an extent that they would never work for anyone else, new research has revealed.

According to a poll of 1,000 SME owners, less than a fifth said they would consider giving up self-employment in the future.

Despite having to cope with the pressures of long hours, red tape and late payment, financial experts Xbridge found that 25% of respondents would refuse to become an employee again irrespective of the circumstances. Only 42% of entrepreneurs would work for someone else if they absolutely had to.

Brad Liebmann, managing director of Xbridge, said, "We constantly hear of the frustrations business owners encounter, yet our research shows they still won't consider working for anyone else.

"This drive and commitment shown by entrepreneurs is part of the reason why small businesses are so important to the British economy."

For the full story visit the British Chambers of Commerce web site at http://www.chamberonline.co.uk/cmn/ml.jsp?id=000005715108


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