NEW research from Amway UK has revealed that 25 is the perfect age for starting a business.

The research into young entrepreneurialism was commissioned by the direct selling company to mark the release of the findings of the Amway Global Entrepreneurship Report 2013.

Setting up a business at any age is notoriously risky, and one that Brits think is best left to the carefree younger generation who are often free from major responsibility. Some 44% of Brits think it is better to be single when starting a business and 21% think it is best to be childless.

It is well documented that first year profits can be low and it is thought the younger generation are best placed to deal with this – 20% of Brits think people used to living on low wages like students are best equipped to cope with the potential financial hardships associated with starting a business.

Researchers discovered that 77 per cent of under-30s have a positive attitude towards self-employment.

Today’s younger generation are hugely ambitious with one fifth of students having embarked on an entrepreneurial venture before graduating. Male students are 21% more likely to do so than their female counterparts.

The number one reason for starting a business is financial (36%), closely followed by the desire to work from home (34%) and the freedom to take more holiday (14%).

Men are twice as likely as women to start a business because they hate their boss (8%), and women are more likely than men to opt for self-employment so they can work from home (40% and 28% respectively).

Perhaps a result of today’s unstable job market, 75% of under-25s reported wanting to set up their own business, double that of their parents’ generation (37%).

Under 25s are twice as likely to start a business if their parents are self-employed with a further 28% of people questioned citing their parents as their business role models.