This is the conclusion of a survey by Lloyds TSB Business of 3,000 working Britons, which showed 60% having considered leaving their jobs and becoming their own boss. A third of these are fed up of working for someone else and want their independence, while many others want to turn a hobby or interest into a money-making venture.

The desire to spend more time with family and friends through more flexible working was a motivating factor for 16% of those polled, while the same number believe they could make more money and create a better financial future by going it alone. However, becoming a high-flying entrepreneur was the dream of a mere 5%.

However, for three-quarters of respondents, the security of working for someone else ultimately overrides the desire to work for themselves.

Another major stumbling block was not knowing where to find the initial capital necessary to starting a business while a perceived lack of sources of advice also puts people off.

“There is no doubt about the British appetite for business ownership,” says David Singleton, managing director of Lloyds TSB Business, “but sadly this desire fades largely through fear of the unknown. Breaking down the barriers that stop businesses from starting up is clearly a priority.”