Is unemployment the major reason that people start businesses?

[Trush Jodie]

So many businesses are being sprang up now more than ever especially by young people. Is it that more consciousness about entrepreneurship is the reason? Or unemployment is the major reason for increase in entrepreneurship?

 

[King Belieal]

Many people that are actually starting businesses today do so as a result of unemployment. Some actually start businesses because they are just more adapted to business.

 

[eLdavis]

In some cases, yes unemployment is one of the major issues, then there are some who start simply because they want to start a business.

 

[King Belieal]

There is a greater awareness on the need for entrepreneurship nowadays. That's why we see many young people being business oriented now.

 

[Suba]

That's right, more people start a business because they are unemployed, have difficulty finding work, and have limited job availability. So they look for alternatives to generate income by starting a business.

 

[Augusta]

In some cases, high unemployment rates or limited job availability can push people towards self-employment.

 

[Starmix]

It depends on the decision of the person. Some people want to be employed until retirement, and others like freedom, no boss, so they opt to manage their own business and be the boss.

 

[Sanjeev]

It depends on the person. Many people start business because they don't want to work under someone and some people don't start business because they have lack of funds and resources, also they don't have a confidence on themselves.

 

[eLdavis]

Yes that's true, especially those who have experienced working on their own, it's very rare to see them going to work under someone again.

 

[Springtime]

It depends on the individual. It is true that people decide to start a business when they are unemployed for quite some time. But there are also people who prefer not to work for someone and would like to be an entrepreneur.

 

[Stardom22]

Of course yes. I can say that most people start their own businesses as a result of lack of employment in their nations. I am however a living example.