16 Sep 2002
As the government comes under pressure to foster start-up businesses, a study of 400 owner-managers by BDO Stoy Hayward found that the vast majority of entrepreneurs were middle-class, well educated, married males with children - their average age was 43.
Most came from families that fostered an entrepreneurial spirit, with over a third having parents who ran their own businesses.
And they appear to be ready put their noses to the grindstone, working more than 10 hours a day, with the average working week for an entrepreneur clocking in at 54 hours.
Not surprisingly then, a fifth said they would consider returning to paid employment.
Peter Leach, head of BDO's growth service, said the 'get rich quick, fame-hunting, aggressive owner manager of the early nineties' was gone.
'The emerging entrepreneur has an altogether different aim in life and wants to create a sustainable business for personal fulfilment and a rewarding work life balance,' Leach added.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
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