in

3 Top Reasons Americans Start Their Own Business

Small business owner
Chokniti-Studio / Shutterstock.com

The variety of individuals beginning small companies has reached a file excessive. Tens of millions of individuals have determined to change into entrepreneurs and take their future into their very own arms.

Lately, internet hosting firm GoDaddy requested greater than 1,000 small-business house owners why they determined to start out their very own enterprise.

These entrepreneurs cited the next causes for pursuing the dream of self-employment.

3. I’ve all the time dreamed of beginning a enterprise

Businesswoman opening her business for the day
Monkey Enterprise Photographs / Shutterstock.com

Respondents who mentioned this is among the prime three causes they began a enterprise: 33%

Many individuals dream for years about beginning a small enterprise however by no means take the possibility. For one-third of entrepreneurs, beginning a small enterprise merely got here right down to doing one thing they all the time have wished to do.

2. I wished to remain lively in retirement

Senior woman and small business owner working on a tablet in her art studio making her hobby a business
pikselstock / Shutterstock.com

Respondents who mentioned this is among the prime three causes they began a enterprise: 40%

Retirees who couldn’t wait to depart their job may be shocked to seek out themselves able to work once more. In fact, the massive distinction in beginning a small enterprise is that you’re the boss and name all of the photographs.

1. I used to be seeking to make some more money

A black man in business attire works on a laptop computer at his desk
Flamingo Photographs / Shutterstock.com

Respondents who mentioned this is among the prime three causes they began a enterprise: 48%

A lot of right now’s entrepreneurs are of us who have already got a full-time job however wish to develop a facet hustle to usher in additional earnings.

If that is your motivation for beginning a small enterprise, try the “9 High-Paying Aspect Hustles The place You Might Earn Extra Than Full-Time Work.”

Beginning your individual enterprise

Family-run small business
Rawpixel.com / Shutterstock.com

There are numerous different causes GoDaddy discovered that individuals begin small companies. A few of them embody:

  • Believing I can have extra success alone: 32%
  • I had an concept for a brand new services or products: 25%
  • I wished to contribute to my neighborhood: 24%
  • I wished a profession change: 20%
  • I misplaced my prior job and wanted a brand new supply of earnings: 20%
  • I wished or wanted extra flexibility with my time: 14%
  • I wished to have enjoyable: 11%
  • I wished to be my very own boss: 6%
  • My enterprise helps a trigger or interest about which I’m passionate: 1%

In the event you dream of beginning your individual enterprise, try the “10 Low cost Enterprise Concepts You Can Begin for Much less Than $1,000.”