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The desire to be independent and in control is the chief motivating factor influencing entrepreneurs, according to a new study.
Natwest and the Royal Bank of Scotland (RBS) recently launched a new Small Business Monitor survey.
Initial results indicate that the prime motivating factor driving UK entrepreneurs, cited by 17 per cent of respondents, is the desire to gain more control over their lives and avoid being told what to do.
Some 16 per cent said they pursued company formation because they had spotted a good market opportunity which they were ready to exploit.
And around 15 per cent were motivated by experience and knowledge gained from previously having worked in that particular business sector.
Steve Pateman, chief executive of NatWest and RBS business banking, said: "There is a terrific amount of drive and ambition within Britains small business sector and - very encouragingly from concept to set up - entrepreneurs are firmly putting their destiny in their own hands which should be applauded.
"Small enterprises are the lifeblood of this country and we should all be doing our bit to help and nurture them."
Only six per cent of business start-up bosses said they began their venture to make money.
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