Making money' main motivation for entrepreneurs

20 November 2013

The main reason for starting a business is to make money, and more than a third (37%) of budding entrepreneurs believe they would make more money running their own business than in traditional employment.

However, while making money is the main driving force for going into business, it's also the reason why more people don't set up their own too – according to a survey coinciding with the publication of the Amway Global Entrepreneurship Report 2013 – with 42% citing this as a problem.

Other reasons given for starting a business included entrepreneurs not trusting their banks, nor wanting to ask them for money (6%).

Setting up a business is risky, so it's not surprising to find 44% of Brits think new entrepreneurs are better to be single and free from responsibility - with 25 cited as the best age to start a business.

This week marks Global Entrepreneurship Week 2013, the world's largest campaign to encourage and support aspiring entrepreneurs to set up their own businesses.

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