Wannabe entrepreneurs mitigate the risk of going it alone, launching their new venture while still in employment; a survey of 500 small businesses found 21 per cent of start-ups launched in the last 12 months began this way.
This mirrors a growing trend for UK workers having second jobs to boost income. HMRC reports 1.2 million have official second jobs, up from 1.05 million in 2007.
Of these, 450,000 are self-employed second jobbers running their own business on the side – an increase of 40 per cent from 2006.
Ambitious entrepreneurs use technologies like smart phones with multiple email accounts or cloud hosting to enable them to subtly send emails and carry out basic tasks while at their main job.
The survey, by telephone answering service alldayPA, reports increasing demand for call answering services from double-jobbers, with new accounts up 32 per cent in the last year.
The study revealed the most common double job entrepreneurs are men between 25 and 34 years old.
The typical sectors where people launch businesses are Digital Services, e.g. website design, search engine marketing (18% of double job start-ups), PR and Marketing (12%), Design (11%) and HR (5%).