Scottish workers dream of running their own business

Seven in ten workers in Scotland would like the freedom to run their own business one day, according to new research.
Seven in ten workers in Scotland would like the freedom to run their own business one day, according to new research.

Seven in ten workers in Scotland would like the freedom to run their own business one day, according to new research.

This works out as 69 per cent of employees north of the border wanting to run their own company, as discovered by figures from St. James’s Place Academy, the training and development arm of the FTSE100 financial services company. In terms of the most attractive things about running a business, 47 per cent of respondents thought having a better work-life balance in terms of more control/setting their own hours would be the best thing.

A further 25 per cent thought that better job satisfaction would result, 18 per cent believe they could increase their earnings and nine per cent like the idea of working from wherever they like.

When it comes to perceptions of what might be the hardest thing about running a business those in Scotland think that managing the finances would be the toughest challenge (33 per cent) followed closely by attracting customers (32 per cent).

Roughly equal numbers thought that long hours (17 per cent) and stress (11 per cent) would be the hardest thing to deal with.

Adrian Batchelor, director at St. James’s Place Academy, said: “It’s great news to see those in Scotland are passionate about the prospect of working for themselves and that the entrepreneurial spirit is still very much thriving in Scotland.

“The St. James’s Place Academy provides a structured training programme designed to support individuals looking to start their own business with the support of St. James’s Place Wealth Management brand, helping clients to manage their finances and plan for better financial futures. We provide training, financial support, advice and the St. James’s Place brand to Academy Partners, who go on to build extremely successful businesses in their own right.”

“As the future of our success depends on a steady stream of people wanting to run their own business to join the Academy, we’re relieved to discover that the entrepreneurial spirit is alive and kicking in Scotland.”

Other significant findings of the research included: 26 per cent of respondents said a loss of income would deter them from running their own business, whilst 20 per cent said a fear of failure; Respondents were more likely to change their mind about running their own business if 42 per cent had more financial certainty whilst 15 per cent would want access to support and advice and nearly two thirds (63 per cent) were more likely to set up their own business using the support and infrastructure of a larger company.

Thomas Saveall won the Project Spotlight Volunteer award at the Citizens Advice Scotland conference. He was presented with a silver Quaich by HRH Princess Anne. Picture - Stewart Attwood''''All images � Stewart Attwood Photography 2019.  All other rights are reserved. Use in any other context is expressly prohibited without prior permission. No Syndication Permitted.

Taylor Wimpey have confirmed directly with local Councillor Nathan Wilson that the organisation retains its commitment to building a park and ride at Shieldmuir Train Station. In response to recent enquiries made by Councillor Wilson, Taylor Wimpey have advised that engagement is taking place with Network Rail over the latter’s approval procedures and that once this process is complete, work will be able to begin on site. The developer has informed the Motherwell Councillor that during the period of investigation undertaken since the commencement of building work was delayed in January 2018, an unrecorded service chamber has been discovered on site. The project cannot move forward until further clarification is provided on the nature of the service chamber and Taylor Wimpey are in the process of commissioning a contractor to assess the situation. The developer’s initial judgement is that this is likely a redundant service. A senior representative of the organisation has also informed Councillor Wilson that a member of the Taylor Wimpey production team will be sent out to inspect the vacant land following a request he made at the beginning of 2019 for maintenance work to be carried out on site should construction of the park and ride remain some time away. Councillor Nathan Wilson said: “Taylor Wimpey have communicated to me directly that the park and ride facility is a project that the organisation remains committed to delivering. “However, it goes without saying that the lengthy delay is still very disappointing and frustrating. “An unrecorded service chamber has been identified on site and progress is unable to be made until this has been investigated. “Taylor Wimpey have relayed to me that an on-site inspection of the vacant land will take place and I hold to the view that maintenance work should be carried out in the short term to improve it’s current condition. “I will continue to engage with the relevant stakeholders and re-inforce to them the importance of the park and ride project locally. Motherwell and Wishaw CAB takes home 40 per cent of the prizes