Findings

Self-Confidence drives people to open new businesses.

Self-confidence: a feeling of trust in one’s abilities, qualities, and judgment. The difference between hubris and healthy self-confidence often comes down to your ability to pull it off. When you’re sure you can, the only question left is: Why not? Now imagine toiling away in someone else’s enterprise when you’re …

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People start businesses due to circumstances.

Circumstance: a fact or condition connected with or relevant to an event or action, such as starting a business. Many like to call themselves accidental entrepreneurs, people that started a business due to circumstance are actually much more common than we expected. It is important to note that circumstance alone …

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People start businesses in search of autonomy.

Autonomy – Freedom, Self-Rule, Self-Determination, Uncontrolled, Independence.Autonomy has been used as a grouping for generally similar motivations. The definition used: Freedom from external control or influence; independence. This reason why people start businesses should come as no surprise to anyone with an entrepreneurial spirit. What we found interesting was that some …

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