Clearview North September 2013 - Issue 142 | Page 66
businessnews
RISE OF THE HOME BUSINESS OWNER
According to new ONS analysis from Direct Line for Business (“DL4B”), there are currently 2.5 million home business owners now operating across the UK, representing 52 per cent of the total number of UK small businesses and eight per cent of the UK’s total workforce. The analysis highlights an evolving UK workforce, which has developed in a challenging and uncertain economic environment. Millions of people are choosing to take control of their future, achieving a better work-life balance and turning a potential hobby into a career by using an increasingly digital, mobile and flexible business landscape. Men are more than twice as likely as women to run their own business from home, with 1.7 million male home business owners across the country, compared to around 818,000 female home business owners. Jazz Gakhal, Head of Direct Line for Business commented: “Selfemployment has been on the rise for several years and our research now shows that a great number of these people work for themselves from home. Once an individual has taken the decision to set up a home business, it is crucial that he/she fully appreciates their responsibilities as a business owner and ensures that adequate protection is in place should anything happen to threaten what he/she has worked so hard to achieve.” The research showed that when asked about how these home business owners prioritised key actions when they first became operational, sorting tax arrangements and organising insurance ranked 6th and 8th.
‘Currently 2.5 million home business owners now operating across the UK’
www.directlineforbusiness.co.uk
BUSINESSES REPORT INCREASE IN ABSENCE DURING RECENT HEATWAVE
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