New research from Crunch Accounting reveals that Britain is a nation of secret entrepreneurs, with one in three people enjoying a hobby they believe could one day become their business. Almost a fifth (15 per cent) already use their passion project to earn money.
One in ten Brits consider starting a business in 2017, almost half (44 per cent) say they would be prepared to see a drop in salary if it allowed them to pursue a dream job that incorporates their hobby.
A third of the employees also admit to ‘moonlighting’ and working extra work hours on top of their main job. Unsurprisingly, money is the biggest (46 per cent) factor driving people to seek extra work. However, one in five moonlight to develop new skills, a fifth say it helped them have fun and meet new people.
Despite it being so commonplace, two thirds of people working extra hours admit they are worried about how their boss will react when they find out.
Darren Fell, CEO of Crunch Accounting, says, ‘Self-employment is on the rise in Britain, with the number of people working for themselves growing 40 per cent since 2000. This number is set to reach a record 5 million by the end of the decade.
‘So, it makes sense that British employees are starting to look at their passion projects and their hobby, and ask, why can’t I make a go of this as a career?’