Ten million Brits would like to start their own business

Over ten million Brits would love to leave their jobs and start up their own businesses, according to new research from Business Link. 35% of workers polled have given starting up some thought, and 20% reckon they'll make the leap in 2008.

While 15% think of self employment as an option because they're not happy with their current employment, 37% admit that the main reason for taking the leap would be to earn more money. The research shows that 40% want to start a venture in order to gain more freedom, and 25% want to turn a current hobby into a real, paying business.

Rosemary French, of Business Link told us:

''It's encouraging to see how many people dream of setting up their own business to enjoy the flexibility and benefits of working for themselves."

"The research also showed that nearly as many women as men are keen to become their own boss."

But the poll of 2,000 Brits revealed that a third of people dreaming of setting up their own business might not get round to doing it because they are unsure how to go about it.

Money is another concern with 30% of aspiring bosses saying they are worried about getting into debt or adding to existing money problems.

Almost half would worry about getting the money together to fund the business in the first place.

Surprisingly, 45% of those polled said they would fund a new company with a bank loan, overdraft or even a credit card.

But 41% people admitted the current economic climate may make them less likely to start up their own business in the near future.

Rosemary French continued: "Many people who wish to start their own company can be put off due to fear of failure or uncertainty about how to start."

"However there is a wealth of free information, advice and support available locally and online, to help budding entrepreneurs every step of the way."

The poll also revealed that retail, art and culture and health are the most popular sectors Brits would consider entering when starting up a new business.