|
New research suggests that UK entrepreneurs usually take their time in turning a good idea into reality.
A recent study from the Institute for Social and Economic Research (ISER) found that of those who expected to found a business start-up within a year, only around one in seven actually turned their intentions into actions.
Some six years after having a business idea, the research revealed that only one in three potential entrepreneurs had turned their ideas into reality.
It seems that age, gender and time available all play a part in encouraging, or delaying, small company formation.
As reported by startups.co.uk, Professor Andrew Henley, author of the report, said: "People who are older and male tend to take less time to get from aspiring entrepreneur to actually starting a new business venture."
Around 50 per cent of those who have a business idea while unemployed set up in business within 12 months, in comparison to just 14 per cent of those in paid employment.
This implies that time is a more valuable resource than money when it comes to turning a small business theory into practice.
See copyright notice
| Other
Top Business News Stories |
|
Business
News 
