Many people are hoping to move into freelancing over the coming year, reveals a new poll.
A survey conducted by FreeAgent showed 11 per cent of British workers plan to set up their own business before the end of 2018.
In addition, a further eight per cent want to become their own boss before the end of 2019 and three per cent by 2020.
The most appealing aspect of working for themselves was the potential of enjoying a better work-life balance and not having to follow rigid time constraints of being an employee.
However, many of those polled expressed concern about the financial impact of running a business, with one-third worried about the cost of going it alone.
“Starting your own business can be an extremely rewarding, if daunting, move for people to make with their career,” said FreeAgent’s chief executive officer Ed Molyneux.
He added it is key for business owners to make sure they are aware of potential issues before embarking on a venture. In particular, they must have in place a detailed business plan and a “healthy cash-flow”.