Why do people choose self-employment?
In my opinion, there are three reasons why people become self-employed: 85% of them are forced to because they have exhausted all other options to find a job. 10% of them feel that they can do better on their on, or are no longer willing to put up with reporting to incompetent bosses. 5% of those who choose self-employment do so because, while still employed, they were also involved in some sort of part time business which, at some point, began to generate a comfortable amount of money. These are also the most likely self-employment scenarios to succeed. Speaking of which… 19 out of 20 self-employment operations fail in the first year with little, to no chance of recovery. Got a different opinion on this?
