Over half of all small and medium business owners feel the risks involved in setting up a company were worth it, a new study has revealed.
Around 60% of sole traders and small business senior managers believe they have been sufficiently rewarded for the risks they took in founding a small firm, according to insurance company NIG.
The survey also revealed that nearly three quarters of entrepreneurs feel valued for the role they and their business plays in society.
Steve Kingshott, director of underwriting and pricing at NIG, is encouraged by the positive response by small business owners.
“Not only do they believe they have been rewarded financially but they also perceive that their personal efforts are looked upon positively by their communities. This is a reassuring finding for anyone thinking of starting out on their own.”
More than three quarters of those surveyed also predicted long term success for their company.
Satisfaction amongst business owners was highest in the finance sector with 71% believing they had received sufficient rewards for the risks taken.
The south east contained the highest percentage of satisfied entrepreneurs with 66%. However, Scottish business owners were least satisfied with only 48% saying they had been sufficiently rewarded.
© Crimson Business Ltd. 2007
