By: Kelly Long | October 13, 2014

  

It can get pretty depressing watching the news. Aside from all of the serious stuff on the national stations, even the local segments are filled with talk of unemployment and job losses.

According to recent statistics released by the Conservative government, unemployment is decreasing, and this is something we should be happy about. But where are all of those people getting back into work going?

 

Despite the doom and gloom of the job market, there are some statistics worth celebrating. The Home Office has declared self-employment is at its highest level in 40 years.

 

So why is that worth celebrating? Well, figures show that 15% of everybody currently employed is self-employed. Whether as a freelancer or as a small-business owner.

 

Despite pessimism from the banks and negativity from the media, the Great British public (and emphasis really is on great here) are doing their bit to move the economy forward. Whether there aren't enough jobs, or whether the jobs are just of low quality, people are turning their back on repression and choosing to go their own way.

 

And the figures aren't built on dreams and naivety either, but hard-work and evolution. In just a few years the amount of people running a small-business has increased by 2%. The resolve, willingness and enterprise of those attempting to become financially stable on their own is applaudable.

 

The three trades that see the highest levels of self-employment are the construction and building trade, the taxi cab and delivery trade and the carpentry and joinery trade (in that order).

 

The average age of those self-employed is 47, which suggests maturity and life-experience are vital components to making a small business work. 43% of everybody working for themselves is over 50, leading to the conclusion that self-employment has greater longevity than paid employment.

 

As the country struggles to find its feet again economically, the proposition of working for yourself remains attractive. Nobody knows how the figures will change over the next 5 years, but as things currently stand, it's one of the best times in history to be going it alone.


Have you recently set up shop on your own like me?

 

Category: Small Business 

Tags: