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More than half of Brits say that they admire how hard-working small business owners are, but nearly a quarter are too frightened of failure to start up themselves.

The AXA UK research of 2,000 people revealed that 31% of those surveyed fear the lack of security and stability if they were to set up their own business, while 11% wouldn’t want others relying on them. However, 43% love the idea of being able to work on something they are passionate about.

According to the findings, the top traits believed to be essential for starting up a successful business are being hard working (53%), motivated (48%) and organised (46%). A further 35% believe being willing to take risks is key for running your own business.

Claudio Gienal, CEO at AXA UK and Ireland, said, “Launching your own business is a huge decision, one that requires courage, self-belief, and drive. Despite the challenges that face small businesses, the majority of those who have done it believe it’s one of the best decisions they’ve ever made.

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“While there are many perceived barriers to going out on your own, the rewards speak for themselves. It’s great to see so many business owners are excited by the prospect of new and returning clients and the introduction of new products and services over the next three years. This ambition, even in the face of challenging times, shows both resilience and an amazing ability to adapt, which should be celebrated.

“32% of Brits polled said they aspire to be a small business owner themselves but stress and not knowing where to start is what’s stopping them. At AXA, we recognise the all-consuming nature of going it alone but with the right support, advice and protection, the opportunities are endless.

“That’s why we’re delighted to announce the return of the AXA Startup Angel competition. We’re giving six businesses the chance to win; including two top prizes of £25,000, invaluable mentorship from some of Britain’s best entrepreneurs as well as 12-months of business insurance.”

To find out more about contracting please contact Jaime on 01442 795 100 or email

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email or

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few

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