More than a quarter of employees dream of running a business, according to a survey from Lloyds Bank Insurance.

The report reveals that 26% of workers have entrepreneurial aspirations but the fear of taking a risk is preventing a third from starting a business.

Nearly half (48%) believe that the economic environment is not strong enough, while 35% say they don’t know how to start a business.

The key findings from the survey were:

  • 51% want to run their own business to have more control over work/life balance
  • 46% want to take on new challenges
  • 41% cited financial reasons
  • 83% said they would be more motivated to work if they owned the business
  • 79% said they would have greater job satisfaction
  • 78% said becoming an entrepreneur would be more stressful