What’s so good about working for yourself? New report has the answers!

We were interested to read some new survey results from Newcastle-based property letting agent CityBreaks – which focused on what people love about working for themselves. Of course, we know from talking to our own clients what makes them choose to set up their own limited companies, but it’s great to find out more about what motivates others to do the same.

Being your own boss

The survey spoke to 1,000 SME sized businesses in the UK, with owners aged 18 to 44, and asked the key question ‘What do you love most about owning your own business?’ Unsurprisingly, the top answer was being your own boss, with 76% of those surveyed stating this was the thing they loved the most. 

The second most popular answer (and actually the top one for those just in Scotland at 89%) was flexibility. A sizeable 64% chose this as a key benefit - and when looking specifically at 18 to 24-year-olds, that percentage jumped to a staggering 85%. This is an interesting statistic, and one which demonstrates the difference in the attitudes of people who have grown up in the digital age, where work is now ‘something you do’, and not ‘somewhere you go’.

Drilling into the detail

The overall UK stats broke down as follows – based on all genders and all ages. Being your own boss, 76%; flexible hours, 63.5%; having the final say, 40.4%; putting your team together, 25%; salary benefits, 16.3% and business travel, 8.7%. There were some interesting gender variations as well - 40% of people said they loved being in charge and ‘having the last word’, but when broken down into the sexes, the figure was 50% men and only 27% women.

There was also an ‘other’ category, which was the remaining 5.8% and included factors such as flexible decision-making and being able to see direct growth from the work they put in. This last one is certainly something which we have heard from our own clients as well when stating what they love about being a limited company contractor.

SJD Accountancy

SJD Accountancy are the UK's largest specialist provider of fixed fee, Limited company accountancy services to contractors; we've been acting for contractors across the UK since 1992 and have more than 15,000 clients.

We are the only national specialist firm of contractor accountants with offices nationwide. SJD Accountancy has more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATT, AAT, CTA, ACCA, CA, ACA and FCCA.

  • Unlimited face to face meetings. This is a unique service only SJD Accountancy offers - unlimited face to face meetings across the UK - tax is complicated and sometimes only a meeting will do.
  • UK's Largest contractor accountants with more qualified staff. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant face to face.
  • Money back service guarantee. All your telephone calls and emails will be answered the same day or we will make a full refund of that months fee.
  • Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market, including: Best Accountant for Contractors, Accountant of the Year and Best Professional Service Team to name just a few.
  • All inclusive low cost fixed fee accountancy package which includes completion of accounts*, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, your own dedicated accountant* and all company returns for a fixed fee starting from £120 plus VAT per month. Check our packages for more detail.

If you have any questions about contracting or would like any further advice please call our new client services helpdesk on 01442 275789 or email: janice@sjdaccountancy.com. Our new client services helpdesk is open Monday to Friday (8am to 6pm).

Appoint SJD Accountancy and never worry about your tax or accountancy affairs again.

Form your own Limited company with SJD - our same day online company formation service includes company bank account set up, VAT/PAYE registration and advice on optimum share structure. 

You may also find the following pages, guides and case studies useful:

*If you would like us to complete your company year end accounts we simply ask that you have been a client of SJD for one year or have made 12 monthly payments. All accountants are part or fully qualified.