Wednesday, December 8, 2010

Escape the City

It's not just in the United States that frustrated cubicle dwellers dream of owning their own businesses, but it's probably easier to start a viable business here than it is almost anywhere else in the world.

Other countries are following suit, however, and encouraging their citizens toward entrepreneurship.

One online movement I heard about recently is called Escape The City. Started by two ex-city workers, the movement has been encouraging corporate professionals to follow their dreams since their London launch last March.

A recent survey of their 17,500 members showed that 70% aren’t genuinely interested in their jobs and 62% want to start their own businesses. The numbers are roughly similar in the U.S., but in the U.K., 74% of those who wanted to start a business felt that they didn’t have the necessary skills, knowledge or experience to do so.

American entrepreneurs - at least those who write me - are often blissfully ignorant about their own lack of skills and experience. But in some ways, this isn't as bad a state of affairs as it sounds.

Nearly every successful entrepreneur I've interviewed has said that if they'd known what they were in for - the long hours, the steep learning curve, the risk levels - they would never have gotten started. So, in a sense, ignorance and a little foolhardy Yankee confidence may be just what the U.K. needs.

Dom Jackman, co-founder of Escape the City, looks to entrepreneurship to turn around the economic woes of the U.K.:

Our position is that liberating unhappy people from corporate jobs to start their own businesses not only increases the UK’s net happiness levels but will also contribute towards the growth needed to power our economic recovery.

Best of luck to them.


  1. Thanks for the luck Karen!
    All the best,

  2. You're welcome, Rob, thanks for dropping by!