A report which has been named “DNA of an Entrepreneur” has cited UK business owners as less optimistic than German business owners, who also have a shorter working week than their German counterparts. According to the survey, UK business owners work a 39.4 hour week, while German entrepreneurs work 46.9 hours. The figures are also lower than France, United States, Holland and Spain.
The survey was conducted by Hiscox, and reveals that entrepreneurs here in the UK are more likely to be pessimistic than other countries, with only 40 percent showing optimism for the next 12 months. German entrepreneurs are more optimistic about the next year, with 55 percent of business leaders feeling confident. The owners of UK small businesses have the least confidence in Europe and also reveal disappointment in the educational abilities of school leavers. From the survey, only 44 percent considered the ability of students for basic maths to be “good” or “excellent”. The report also states that UK business owners are more likely to spend lunch breaks on their own.
The small business expert at Hiscox, Alan Thomas insists that the UK has an “entrepreneurial culture”, although the results of the survey surprised him. Phil Orford, from the Forum for Private Business said that they would question the figures, as they contradict their experience with small businesses.
Amidst the results, the one area where all six countries are equal is the 40 percent of entrepreneurs that fear a lack of support from their respective governments.
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