Why Are More People Becoming Entrepreneurs?

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More people are becoming entrepreneurs than ever, which is exciting to see. Here are some of the reasons why I like working for myself.

Right now is an extremely exciting time to start your own business. There are so many people who are interested in doing work that fulfills them, and the number of entrepreneurs in America has been steadily rising since the recession. While running your own business isn’t for everyone, conditions in the economy and other factors have created an environment ripe for entrepreneurialism. You may even be wondering if you could join the rising tide of entrepreneurs.

Consider these factors that are driving many to activate their inner entrepreneur and see if you might be the next in line to ditch the steady paycheck for the adventure of entrepreneurialism.

Job Satisfaction


I know very, very few people who like their jobs. In fact, the vast majority of my friends and family members hate their jobs. Not only that, but they have incredible gifts and passions they want to pursue but can’t. Entrepreneurship gives people the opportunity to create their dream job with their own two hands. They can take the one thing they love the most and work to make a living out of it.

These days, the sky is truly the limit and with the availability of free marketing on the Internet, you can create a business for very little money. There is really nothing to lose, so if you’re not happy with your work or your job, now could be the time to start your own business.

The Economy


During the 2008/2009 recession, many people became entrepreneurs by default. With so many people getting laid off coupled with a dismal job market, many people had to pursue other ways to create an income. It seemed (and maybe still seems) that companies don’t care about their employees enough to make a career working for someone else worthwhile.

As a recent CNBC article pointed out, for many accidental entrepreneurs during the recession, “Getting downsized became a catalyst to do something they’d only dreamed about, the opportunity to try a new adventure.”

I know many people personally and online who got laid off during the recession and started blogs and other businesses who have been immensely successful. Many times, it can be difficult for us to get the courage to take the leap, but when your employer literally pushes you off a cliff via a layoff, it’s up to you to learn how to fly.

The Flexibility


When it comes to job flexibility, there is truly no greater career choice than being an entrepreneur. As I’m writing this post, I’m sitting at the kitchen table at my in-laws house in Louisiana. I’m going to be traveling for the next two weeks with my family, and although it’s been challenging to fit work in with so many family responsibilities, I can still do anything I want with my day or my week as long as I can fit the work in somewhere.

Flexibility means a lot of things to different people. For many, it means the ability to go on the road whenever you want. For others, it means the freedom to work during the morning or just at night. Some people just enjoy time to go to the gym or the grocery store during the day when no one else is around. The point is, people feel restricted in their 9-5 jobs and more and more workplaces are trying to be more flexible, but there’s no greater flexibility than working for yourself. (Editor’s note: Flexibility is likely the biggest reason we run our own business. The income is great, but the ability to do what I want when I want is why I work for myself.)

The Pay


Entrepreneurship can be scary. When I first started working for myself, I was so frozen with fear about not making enough money that I could hardly work. At that point, I was making about $3,000 a month which was slightly more than what I was making at my day job at that time. I was so excited and happy about that income, but now I know the truth: when you are an entrepreneur, you can make as much money as you want. Opportunity is all around you. You just have to reach out and grab it.

As long as you keep working hard, growing, trying new things, gaining skills and constantly securing new clients, you will be amazed at how much profit you can generate working for yourself. Many people are scared to leave a steady paycheck and annual raises, but the truth is, once you free yourself from those numbers and restrictions, you can make more income than you ever imagined.

More people are becoming entrepreneurs than ever, which is exciting to see. Here are some of the reasons why I like working for myself.

The Satisfaction


At the end of the day, all of the above are great reasons to become self-employed, but the satisfaction is probably the best of all. There’s nothing better than growing a business from scratch and seeing your creation help others all while giving you the life you’ve always wanted.


If you’ve considered being an entrepreneur, why don’t you get started today? Or, if you’re already an entrepreneur, why did you decide to pursue owning your own business? Was it the recession or something else?

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Catherine Alford is the go to personal finance expert for parents who want to better their finances and take on a more active financial role in their families.


  • Jaime says:

    1. Flexible schedule. At a job you often have to put in an x amount of years before you can have flextime.

    People want to spend time with their children and go to their events like sports meets, have more than two weeks of vacay, and work at anytime they want.

    The internet, virtual private networks, Skype, and Google docs are providing a new type of work setting, where we don’t have to go into a building to do our jobs.

    2. Ridiculous job requirements to get a basic job due to the tough economy. Also, a lot of companies aren’t thinking ahead of what will happen when the economy starts booming.

    What happens in a good economy is that people start leaving their jobs for better companies and jobs.

    3. Sometimes hell is other people. At one company my bf worked at, the other departments complained that the IT guys were coming in at 10, when the other departments were coming in at 8 a.m. A friend of mine worked for a bad boss and eventually quit. He just couldn’t take it anymore. Entrepreneurs can choose the people and customers to take on.

  • I love the control that entrepreneurship offers me. No longer am I dependent on another to pay me – instead, I choose what I make, how much I work and when I work. Wouldn’t have it any other way!

  • Chuck says:

    This describes exactly what I want to do. The part about flexibility is really key for me especially considering the extra hours that my full-time job has been eating up lately. I don’t mind putting the hours in, I just want to do it on my own terms.

    I think another factor for me is appreciation. If I’m following my interests/passions and other people benefit, I get a true sense of satisfaction from them. Unfortunately, that rarely comes through in the workplace.

  • It’s kind of crazy to me that so many people hate their jobs. The only time I hated my job was when I was doing something temporary in between acting gigs. I can’t imagine committing to something I really hated for the long term.

    • Cat says:

      I know. Well maybe hate is a strong word. I feel like people never want to go into work and are sort of meh about it whereas all the entrepreneurs I know are seriously pumped about their businesses.

  • Michelle says:

    I decided to work for myself for many reasons – I love the unlimited income potential, the flexibility, being my own boss, and more.

  • Jen says:

    I decided to leave my job because I was working so hard in the long hours that I literally told myself “if I work as hard as I do here at my own business, I will get somewhere.” I had a passion for my business so I jumped ship! The pay is not guaranteed but the joy of accomplishment is great.

  • I have had two small businesses in my previous life (before early retirement) that I worked part-time while still in my my main career job. I grew them and eventually sold them. My motivation was having the flexibility to do something that I had passion to do. It was also a learning experience. Doing something outside of my normal career in an area of interest brought both financial and personal rewards.

  • .. and some lose their jobs and have nothing else to do. The worst thing that happened to me and the best at the same time 🙂

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