You are not alone. Often it takes a life-changing event suchas redundancy, coming into an inheritance, or starting a family to turna business dream into reality.
Unsurprisingly, losing your job and getting a payoff is themost common catalyst for aspiring entrepreneurs, according to newresearch from Royal Bank of Scotland.
About 17 percent of business owners said that redundancy hadforced their hand and encouraged them to become their own boss, whileone in 10 inherited their business.
Divorce can also be a spur to setting up your own company,particularly for women as they enter a new stage in life, often boostedby a pot of money from the settlement.
However, 38 percent of owners said they were most motivated bya desire to be their own boss.
Dr. Julia Rouse, a research fellow at the ManchesterMetropolitan University Business School in England, has investigatedbusiness start-ups.
"There are certaintrigger events that can be relevant," she says. "Individuals have to spot an opportunity, which must coincidewith themhaving the necessary resources. And it also has to be the right time intheir personal lives." Tony Brentford, 41, who has run several types of business, nowoperates a chain of four children's nurseries called the Alphabet Groupin the Nottingham, England, area. Tony, from Newark, England, near Nottingham, says that healways aimed to work for himself. "I wanted both the financial stability and the freedom," hesays. "Working for myself has always been the driving force. But youhave to be prepared to take risks." Source: Daily Mail.Powered by Yellowbrix.
