smallbusiness.co.uk: Helping your business think big

A promising venture

Previously, we’ve looked at the reasons why many describe the...
Have your say »

RSS

Hobbies form start-ups

Apr 19 2010

Hobbies are making a good line for new business ideas

Owner-managers say they are considering turning their hobbies into second business ventures.

Some 56 per cent say they would consider starting a new business related to their hobbies (such as sports, crafts, or travel), with 53 per cent reporting that the recession has made them re-think their work/life balance, according to a survey from web hosting site Streamline.net.

Steve Holford, marketing director at Streamline.net, says: ‘Britain’s small business owners have weathered challenging times, however, the data suggests that the entrepreneurial spirit is very much alive.

More owners are keen to start out in a totally new direction and creating a hobby-based business is a common ambition.’  

Of the 1,441 SMEs surveyed, 48 per cent say earning money from their pastimes would be the ideal business scenario. A further 46 per cent say they would not leave their existing enterprise until turning it into a success.

Comments

There are currently no comments on this article

Barclays Business Start Up Account

Get everything you'd expect from a Barclays Business account…Free business banking for up to 2 years (Ts&Cs apply). Free day-to-day support from our Barclays Business Team by phone 24/7 and Mobile Banking, manage your account quickly and easily from a web-enabled phone. Apply online.

Bupa for Businesses

We understand that all businesses are different. To help you choose the right healthcare package for you and your employees, call us today on 08457 66 11 15 or alternatively find out more here.

Regional Buyers. Regional Suppliers. National Products & Services.

On Thursday 8th March 2012, come down to Newcastle Racecourse to learn more about how technology can impact your business in a positive way. We're focusing on the topics that YOU want, and we're getting the BEST companies to teach you about them. Find out more here.

Polls

Latest News

It is hoped the campaign will boost Britain's business spirits

Cameron launches entrepreneurship campaign

Prime minister David Cameron has launched a major initiative in an attempt to boost entrepreneurship in the UK.

British leaders more upbeat than Europeans

UK CEOs are more optimistic about their companies’ fortunes than their European counterparts, finds research.

Entrepreneur programme opens doors for 2012

A programme established to create a new generation of successful entrepreneurs in the UK has opened applications for its 2012 intake.

‘We are out of the recession,’ says Jones

Serial entrepreneur and Dragons’ Den investor Peter Jones believes UK businesses have seen the worst of the economic crash.

SMEs look to the government for help

Almost nine in ten businesses believe the government must do more to encourage business growth, research finds.

Small businesses expect growth in 2012

More than eight out of ten small company owners believe they will grow their enterprise over the next 12 months, research finds.

London businesses down on prospects

Only 13 per cent of London businesses feel optimistic about prospects for the economy over the next six months, compared with 43 per cent in June.

Start-ups on the rise in UK

The number of businesses started in 2011 is up by 18 per cent on last year, research finds.

Entrepreneurs are the new role models

Young people see business leaders as their new role models, claims a survey.

FSB calls for SME growth plan

The Federation of Small Businesses (FSB) has urged the government to install a growth programme to support smaller companies.

CBI: Government must be ambitious for manufacturing

The UK manufacturing sector should be at the forefront of the UK’s economic development, says the Confederation of British Industry (CBI).

Guides & Tips

How to write your business plan

A business plan is not only essential for starting a business or for raising funds, but it is vital for running the business.

SmallBusiness StartUp Britain

In light of the government’s push for private sector growth through the encouragement of start-ups, there is more awareness than ever of the need for new businesses to draw on every resource available to bolster enterprise.

There are ways to ensure your company can nip tardy payment in the bud

Keep credit under control

Take command of your cash flow by ensuring you don't fall victim to late payment.

Don't Miss

The real deal

SmallBusiness.co.uk talks to software developer Paul Fisher who in 2010 founded Buyometric, which aggregates deals from savings websites.

Caan believes now is a great time to start a business

James Caan review: The FT Guide to Business Startup

Serial investor and entrepreneur James Caan reviews Sara Williams' guide for entrepreneurs.

Zest Mixology is a mobile bar/ cocktail service

In the mix

National mobile bar/cocktail service Zest Mixology started trading in January this year and expects to turn over £145,000 in its opening 12 months. SmallBusiness.co.uk talks to founder Murdo McLeod.

Store

FT Guide to Personal Tax

The FT Guide to Personal Tax is published by Pearson Education. Written by Sara Williams, CEO of Vitesse Media Plc and John Bloxham, this unique guide gives step-by-step advice to completing your tax return as well as over 230 tax-saving tips.

Growth Company Investor

Growth Company Investor is widely recognised as the leading magazine for investors interested in AIM and smallcap companies. Published 10 times per year, and brought to you by an award-winning analyst team, it offers subscribers unrivalled insight into high-potential smaller companies. Subscribe today with a 50% discount in your first year.

FT Guide to Business Start Up

The FT Guide to Business Start Up 2012, published by Pearson Education, is written by Sara Williams, CEO of Vitesse Media Plc. This unique guide has sold over two million copies. It offers practical advice about starting and running your own business.