Study reveals Swansea Bay is home to the 2nd highest number of entrepreneurs in the UK
|
Rank |
Region |
Number of self-employed workers |
Total employees |
% of self-employed workers |
|
1 |
Greater London Authority |
864,000 |
3,778,000 |
18.60% |
|
2 |
Swansea Bay City Region |
50,000 |
263,000 |
16.10% |
|
3 |
West of England Combined Authority |
74,000 |
422,000 |
14.90% |
|
4 |
North of Tyne Combined Authority |
54,000 |
326,000 |
14.10% |
|
5 |
Greater Manchester Combined Authority |
183,000 |
1,146,000 |
13.80% |
|
6 |
Edinburgh and South East Scotland |
91,000 |
598,000 |
13.20% |
|
7 |
Cambridgeshire and Peterborough Combined Authority |
56,000 |
373,000 |
13.00% |
|
8 |
West Midlands Combined Authority |
167,000 |
1,133,000 |
12.90% |
|
9 |
Liverpool City Region Combined Authority |
88,000 |
639,000 |
12.20% |
|
10 |
Tees Valley Combined Authority |
34,000 |
255,000 |
11.90% |
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Before quitting your day job to start a business, try to run your business alongside your job – this can be exhausting, but it gives you the opportunity to see if the business can generate an income without the financial pressure
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When you’re ready to take the plunge and dedicate all your time to your business, take the time to assess how to use your time most effectively – the admin side of running a business is time consuming, but there are services, like Tide, out there to lighten the burden
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Fail fast – if something isn’t working, don’t waste time and energy trying to make it work, be agile and try something new. The beauty of starting your own business is that you have the freedom to take in the direction you want.”