What is the price of happiness? £40K per year for small business bosses

Small business owners would ideally like to receive an average salary of £40,685 per year from their business, according to new research from Barclays. A poll of more than 2,000 small business bosses across the country revealed that a big pay packet is one of the top priorities for SMEs owners. The research also found:

  • The majority of respondents (56 %) started their own business so they could be in charge of their own destiny
  • Less than a half (42 %) of SMEs owners saw setting up their own business as the answer to having more control over their work/life balance
  • A quarter (25 %) has taken the opportunity of starting their own business after being made redundant

For further information, please visit Fresh Business Thinking website.


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