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.

ABTA logo icaew logo vtc logo

Home | Contact us | Register | Accessibility | Disclaimer | Help | Site map | © 2018 Stein Richards. All rights reserved.

Stein Richards Limited registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. We use cookies on this website, you can find more information about cookies here. Stein Richards, 10 London Mews, Paddington, London W2 1HY