Many individuals believe self-employment has 'improved quality of life', survey finds

11 May 2018

A survey carried out by AXA Business Insurance has revealed that a significant number of self-employed individuals believe that working for themselves has ‘improved their quality of life’.

82% of those polled believe that being their own boss has enhanced their quality of life, whilst only 7% believe that working for themselves has negatively impacted on their quality of life.

The survey also suggested that, in regard to mental health in the workplace, just 40% of self-employed individuals experience work-related stress, compared to 60% of those in regular employment. 

However, when it comes to starting up in business, the survey revealed that many UK entrepreneurs struggle with their self-confidence: 50% stated that they lack confidence, while 22% reported that mental health issues hold them back from pursuing their business goals.

Commenting on the findings, Gareth Howell, Managing Director of AXA Insurance, said: ‘Some people are attracted to self-employment as a route out of a damaging workplace situation. Whatever your motivation, timing is crucial to success or failure in self-employment.’

We can help you to select the most suitable structure for your new business – simply contact us for more information.

Home | Contact us | Attribution | Accessibility | Disclaimer | Help | Site map |

© 2024 Douglas Fairless Partnership Ltd. All rights reserved.
Registration No. 03852275. Registered Office: Douglas Fairless Partnership Ltd, Seymour Chambers, 92 London Road, Liverpool L3 5NW

Registered as Auditors in the United Kingdom by the Association of Chartered Certified Accountants.
Registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisers.

We use cookies on this website, you can find more information about cookies here.