‘Funtrepreneurs' are highly beneficial to the UK’s economy

Thursday 29 September 2016

So-called ‘funtrepreneurs’ added £165 billion in total to the UK economy over the past year, according to Freelance UK.

‘Funtrepreneurs’ is a term that refers to ‘fun entrepreneurs’ who have managed to turn a hobby or a passion into a career by becoming self-employed. For many people, as well as being their own bosses, going into self-employment is very appealing because it can give individuals a chance to pursue their interests.

According to a joint survey by Samsung UK and Centre for Economics and Business Research (CEBR), funtrepreneurs account for 12 per cent of workers in the UK and for many of them it was a dislike of the nine-to-five working culture and the ‘rat race’ of the employment world that led to becoming self-employed.

For these individuals, the idea of pursuing their dream careers and being their own boss instead of dealing with the daily drudgery of putting up with the working culture is much more appealing.

Many funtrepreneurs are more than willing to kick-start their self-employment careers regardless of the perceived financial risks. In fact, it seems as though there is a lot more to be gain economically in the long-term.

Alasdair Cavalla, senior economist at the Centre for Economics and Business Research (CEBR), said: “Many small, dynamic businesses may never have been set up if it were not for people taking this risk to pursue work that they care about.”

In addition to this, funtrepreneurs are less likely to take sick days, and are more likely to experience higher levels of productivity and greater job satisfaction as a result of choosing to following their passion, so there are a lot of benefits to be gained from combining your hobby and interest with the route of self-employment.

By Victoria McDonnell

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